2-10 7th St - Apartments FOR SALE


Petaluma, CA 94952- Greater Petaluma
$5,390,000 USD
415-259-9753
2-10 7th St, Petaluma, CA for Sale
$5,390,000 USD
Apartments - FOR SALE
1/23
null | 5.2% Cap Rate

2-10 7th St
Petaluma, CA 94952
Greater Petaluma


HIGHLIGHTS

  • Seller Financing available up to 70% LTV at 4.5% for 3 years
  • Estate style property - 14 units across 7 buildings
  • Prime West Petaluma location on a corner lot
  • Walking distance to downtown Petaluma

OVERVIEW

Seller Financing available up to 70% LTV at 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.

FOR SALE DETAILS

PRICE

$5,390,000 USD

PRICE/SF

$576 USD /SF

# OF UNITS

14

PRICE/UNIT

$385,000

CAP RATE

5.2%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Parkhearst Estate

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1906

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

CITYPE

APN/PARCEL ID

008-172-010

ASK ABOUT THIS PROPERTY

Nicolo GiacominiEngel & VolkersMore Info
415-259-9753

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Nicolo GiacominiEngel & VolkersMore Info
415-259-9753

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.