Petaluma, CA 94952,715 Western AVE
Listed by John W Garrett • Marcus & Millichap Real Estate Investment Services, Inc.
Bought with Kerry Berry • Eleven Real Estate

$1,630,000

Est. payment /mo

$1,670,000

2.4%
Est.Price: ?

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715 Western AVE Petaluma, CA 94952

3,120 Beds

4 Baths

3,585 SqFt

SOLD DATE : 05/23/2022

Key Details

Sold Price $1,630,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,585 sqft

Price per Sqft $454

MLS Listing ID 322016926

Sold Date 05/23/22

Bedrooms 3120

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1927

Lot Size 0.450 Acres

Property Sub-Type Triplex

Property Description

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.

Location

State CA

County Sonoma

Area Petaluma West

Interior

Heating Varies by Unit

Cooling Varies by Unit

Exterior

Parking Features Off Street, Uncovered

Garage Spaces 10.0

Building

Sewer Public Sewer

Water Public

Construction Status Updated/Remodeled

Others

Special Listing Condition None

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