408 Keller Street

Petaluma, CA 94952 / Petaluma West, SONOMA COUNTY

Map View
$3,295,000
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Parking
8
Type
5 or More Units
Year Built
1965
Sq. Ft.
5,940
MLS#
322093192
Trans Type
Sale
Status
Active
On Market Date
10/14/2022

The property consists of six, fully remodeled two-bedroom 1.5-bath, town-house-style units with 8 newly paved parking spaces (one per unit, plus two additional rentable spaces). The building and units have been extensively updated. Unit renovations include new flooring, trims and two-tone paint and blinds throughout, new stainless-steel appliances and countertops in the kitchen, new electrical finishes and lighting throughout and new bathrooms. Additionally, the property offers coin-laundry and storage units on-site for additional annual income as well as the potential to add in-unit laundry to further increase property cash flow. The property is conveniently located just a short distance from public transportation as well as the new SMART Rail and many downtown West-Side amenities. Petaluma boasts little to no vacancy and a growing tenant profile due to proximity to multiple freeways, local schools, Santa Rosa Universities, and High-way 37, is considered a major hub for employment. The property is ideal for local families with many neighboring parks and several schools nearby. This investment opportunity offers a great unit-mix, ideal location and significant appreciation potential.

Park
8
SQFT
5940