703 B Street
Property Description
Seller is offering financing at 70% LTV T 4.5% FOR 3 Years. 703 B Street offers a truly one-of-a-kind opportunity to acquire a character-rich, income-producing multifamily asset in the heart of West Petaluma, where properties of this scale, design, and setting rarely come to market. Situated on a prominent 0.42-acre corner parcel just a few blocks from downtown Petaluma, the property comprises 14 apartment homes thoughtfully arranged across 7 separate buildings, creating a low-density, cottage-style community that is nearly impossible to replicate under today's development standards. Encompassing approximately 9,360 square feet, the property features a diversified unit mix of (3) studios, (8) 1BR/1BA, and (3) 2BR/1BA units, providing broad tenant appeal and stable rental income. Mature landscaped common grounds further enhance the property's residential charm, creating an inviting outdoor environment and a true sense of community. Unlike conventional apartment complexes, the7-building layout offers exceptional privacy, generous separation between residences, and a neighborhood feel that continues to drive strong tenant demand and long-term occupancy. Just a short walk from downtown Petaluma's acclaimed restaurants, boutiques, entertainment, and riverfront, the property also enjoys convenient access to Highway 101 and major employment centers throughout the North Bay. Combined with West Petaluma's limited housing supply and significant barriers to new development, 703 B Street represents a rare opportunity to own an irreplaceable multifamily asset with enduring investment appeal.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $5,390,000 |
| Year Built: | 1908 |
| Lot Size: | 9,360.00 Sq ft |
| Opportunity Zone: | No |
| Number of Bedrooms: | 14 |
| Number of Bathrooms: | 4 |
ID: 3yd-EV-326056629
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