715 Western Avenue

Petaluma, CA, 94952

$1,675,000

$467 per ft²
$1,675,000
$467 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
3,585 ft²
property_type
Multi-family
calendar
Built 1927
715 Western consists of three very attractive, detached rental homes that have been significantly improved. The main home is a gorgeous 3-bedroom, 2.5-bathroom house, originally constructed in 1927, that has been thoughtfully upgraded, maintaining numerous period details. There is also a charming 2-bedroom, 1-bathroom house, and a cute 1-bedroom, 1-bathroom cottage. More than half of the massive lot (.44 acres) is undeveloped and offers tremendous upside to the creative investor who may wish to explore the potential for ADU's. The property's location, just a short walk to downtown Petaluma, is in strong demand from renters and prospective homeowners. As a result, 715 Western attracts excellent tenants and will likely always be fully occupied at top-of-the-market rents. This is an excellent opportunity for an investor or an owner-occupant to acquire an exceptional property that should provide immediate cash flow with long-term appreciation and potentially significant development upside.
MLS® ID:
322016926
Updated:
5/28/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
In Each Unit, Washer/Dryer Hookups, Washer/Dryer Owned
Cooling
Varies by Unit
Heating
Varies by Unit

Exterior/Building Features

Lot Size
0.45 acres lot
Exterior Features
Sidewalk
Lot Details
Sidewalk
Sewer
Public Sewer

Other Property Details

Area Name
Petaluma West
Attached Garage
No
Parking
Off Street, Uncovered
Parking Total
10.0
View
N
County
Sonoma
Water Source
Public
Pool
No

Property History

Date
Event
Price
Value
4/27/22
Active Under Contract
-
-

Listed by John Garrett, Marcus & Millichap

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