$2,100,000
SOLD OCT 31, 2024
7 Beds
-- Bath
4,817 Sq Ft
0.37 Acres

Recently Sold

$436 Per Sq Ft

8% Below List Price

16 Days on Market

Highlights

  • 0.37 Acre Lot
  • 2 Car Attached Garage
  • Washer and Dryer
  • Petaluma Junior High School Rated A-
  • Landscaped
  • Heating Available

About This Home

As of October 2024

Originally called the Hill Mansion, this one-of-a-kind property was the home of Josie and William Hill, the former President of Bank of Sonoma and one of the largest landowners in Sonoma County. Today 104-110 7th Street is an extraordinary 5-unit apartment building nestled in the highly sought after D Street corridor of Petaluma. Prepare to be impressed by the array of features that make this property truly exceptional. The meticulously landscaped grounds include beautiful gardens with palm and lemon trees. The unit mix consists of one (1) 2-bedroom, 2-bath unit with formal dining room, sunroom, fireplace and high ceilings, one (1) 2-bedroom, 1-bath unit with a remodeled kitchen and bath, fireplace and high ceilings, and three (3) 1-bedroom, 1-bath units each with their own charm, character and updated baths. Each unit has access to their own washer and dryer and is separately metered for gas and electric. The property includes a 2-car garage and 2 additional off-street parking spaces. Also included is a separate basement with water heaters and lots of storage space. Don't miss this opportunity to own an exceptional and fully stabilized 5-unit investment property close to vibrant Downtown Petaluma.

Last Agent to Sell the Property

Ted Abe

Berkshire Hathaway License #01168745

Berkshire Hathaway

Co-Listed By

Dan Bastien

Coldwell Banker Realty License #00628166

Last Buyer's Agent

Steven Gordon

Keegan & Coppin Company, Inc License #01376696

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1900

Lot Details

  • 0.37 Acre Lot
  • Landscaped

Parking

  • 2 Car Attached Garage
  • 2 Open Parking Spaces
  • On-Street Parking
  • Off-Street Parking

Home Design

  • Concrete Foundation
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 4,817 Sq Ft Home
  • 2-Story Property

Laundry

  • Laundry in unit
  • Washer and Dryer

Utilities

  • No Cooling
  • Heating Available
  • Individual Gas Meter

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 008-172-016-000

Community Details

Overview

  • 2 Buildings
  • 5 Units

Building Details

  • Gross Income $138,528

Property Details

Home Type

Multi-Family

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: 104-110 7th St, Petaluma, CA
  • Lot Size Acres: 0.3742
  • CapRate: 3.92
  • Levels: Two
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Flooring: Varies By Unit
  • Square Footage: 4817.00
  • NumberOfBuildings: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Lot Features: Landscape Back, Landscape Front, Shape Regular, Sidewalk
  • Roof: Composition, Shingle
  • Patio And Porch Features: Varies By Unit

Garage/Parking

  • Parking Features: Attached, Garage, Off Street, Street, Uncovered
  • Total Parking Spaces: 4.00
  • Garage Spaces: 2.00
  • OpenParkingSpaces: 2.00

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Individual
  • Laundry Features: In Each Unit, Washer/Dryer Owned
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 008-172-016-000
  • Lot Size Sq Ft: 16300.00

Rental Info

  • TenantPays: Electricity, Gas

Building Info

  • Year Built: 1900

Multi Family

  • One Bedroom Annual Occupancy: 97
  • 1 Bedroom Rent Range: 1764-2210
  • Two Bedroom Annual Occupancy: 97
  • Two Bedroom Rent Range: 2700-3000
  • Number Of1 Bedrooms Occupied: 3
  • Number of 1 Bedroom Units: 3
  • Number Of2 Bedrooms Occupied: 2
  • Number of 2 Bedroom Units: 2
  • NumberOfUnitsTotal: 5

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2024 10/31/24 Sold $2,100,000 -8.5% $436 / Sq Ft
10/08/2024 10/08/24 Pending -- -- --
09/22/2024 09/22/24 For Sale $2,295,000 -- $476 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 324075527

Bay Area Real Estate Information Services (BAREIS)