PROPERTY OVERVIEW 408 Keller Street, a six-unit multifamily property is located in the heart of Petaluma, California. 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. PRIME LOCATION 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 a major hub for employment. The property is ideal for local families with many neighboring parks and several schools nearby, including St. Vincent De Paul, a well-known private High School. This investment opportunity offers a great unit-mix, ideal location and significant appreciation potential HIGHLIGHTS • Highly Sought-After Petaluma Historical Downtown Location • Fully Remodeled Units (2020 Remodel) • Strong Petaluma Rent Growth over the last 3 years • Compelling Valuation and Attractive Financing Options • 10 Walk Minute to SMART Train INVESTMENT THESIS • Fully renovated 6-unit apartment building • Stabilized Asset with Additional Income Potential • Desirable Unit Mix, Large Units with Storage • Easy Access to Public Transit (SMART RAIL, GGB Bus, Hwy 101) • With no significant addition of any form of housing stock expected in the North Bay in the future, rents and values should continue to appreciate • Petaluma’s multifamily market will continue to benefit from increasing rents