1. EXCLUSIVE MULTI - FAMILY OFFERING
The Queen of A Street
4 Mixed-Use Units
Historical Queen Anne Victorian
411 A Street, Petaluma CA
INVESTMENT HIGHLIGHTS
10 Minute Walking Distance from SMART Train
Highly Sought After Petaluma Historical Downtown Location
Great Unit-Mix, with Solid Rental History
Strong Petaluma Rent Growth over the last 3 years
Value-Add Opportunities, with Rental Upside
4 Parking Spaces, with Room for Off-Street Parking
Potential 5.0% CAP in Petaluma
Compelling Valuation and Attractive Financing Options
One-of-a-Kind Mixed-Use Opportunity
Offering Summary
Price
$1,800,000
Down Payment
100%
Number of Units 4
Price Per Unit
$450,000
Price Per SqFt
$429.18
Rentable SqFt
4,194
Lot Size
0.10 Acres
Approx. Year Built
1906
Listed By:
ERICH REICHENBACH
Director National Multi Housing Group
Tel: (415)
Fax: (415)
License: CA
CARLA PECORARO
Investments Sales
National Multi Housing Group
Tel: (415)
License: CA
Returns
Current
Year 1
CAP Rate
3.83%
5.01%
GRM
16.57
13.82
Cash-on-Cash 4%
NOI
$69,028
$90,196
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap

2. 411 A STREET PETALUMA, CA 94952 750 Battery Street Fifth Floor
Scheduled
Potential
# of
Avg Sq
Rental
Average
Monthly
Unit Type
Units
Feet
Range
Rent
Rent / SF
Income
1 Bed 1 Bath 1
670
$1,850 - $1,850
$1,850
$2.76
$1,950
$2.91
2 Bed 1 Bath
820
$2,000 - $2,000
$2,000
$2.44
$2,300
$2.80
3 Bed 1 Bath (Regular)
1,538
$3,000 - $3,000
$3,000
$1.95
$3,300
$2.15
3 Bed 1 Bath (Loft)
1,166
$2,200 - $2,200
$2,200
$1.89
$2.83
Totals/Weighted Averages 4
1,049
$2,263
$2.16
$9,050
$2,713
$2.59
$10,850
Gross Annualized Rents
$108,600
$130,200
Marcus & Millichap has been selected to exclusively market for sale the Queen of A Street, a historical Queen Anne Victorian Located at 411 A Street, Petaluma. This is a rare opportunity for an investor to own an excellent, well-maintained 4-unit mixed-use property, in one of Sonoma County’s strongest rental markets. This investment offers a great unit-mix in a fantastic location, with significant upside potential.
The subject property is located at the junction of the Downtown/Webster/ Oakhill Brewster Historic Districts of Petaluma. A Street is a short walk from the Mystic Theatre, famous downtown, and the other well known amenities of the Petaluma area, including dozens of one-of-a-kind boutiques and galleries. The property consists of one, three story building, situated on one of the most desirable streets in Petaluma. There is 1, 1-Bedroom 1-Bath; 1, 2-Bedroom 1-Bath; and 2, 3-bedroom 1-baths. In addition, some amenities have been replaced throughout the property, all combining to lower ongoing maintenance for the property. This diverse location can also be used as a law office or retail for live-work friendly uses.
The building has a total of 4,194 rentable square feet, with 4 parking spaces, and the option to tandem park additional cars off-street. There is a laundry room, as well as additional storage closets. Some units and common areas have been upgraded over the past several years.
Petaluma provides a wonderful small-town, family-friendly environment, with great weather and events year-round. This historic Victorian property provides a fantastic selection of public and private schools, many outdoor activities to choose from, and great restaurants nearby. Petaluma is close to a major urban center which has a diverse economy and broad selection of corporate and non-corporate jobs. The downtown location offers some of the most sought after retail and office spaces within Sonoma County. Other benefits include privacy and the serenity of living and working in a high-end, mixed-use, Victorian, residential community, with quick access to SMART Train and Downtown Petaluma amenities.
Income
Current
Year 1
Gross Scheduled Rent
$108,600
$130,200
Less: Vacancy/Deductions
2.0%
$2,172
$2,604
Total Effective Rental Income
$106,428
$127,596
Other Income
$500
Effective Gross Income
$106,928
$128,096
Less: Expenses
32.6%
$34,900
27.2%
Net Operating Income
$72,028
$93,196
Cash Flow
Debt Service $0
Net Cash Flow After Debt Service
4.00%
5.18%
Principal Reduction
Total Return
Expenses
Real Estate Taxes
$22,500
Insurance
$2,400
Utilities - Electric
$2,300
Utilities - Water & Sewer
$2,200
Trash Removal
$1,900
Repairs & Maintenance
$3,600
Total Expenses
Expenses/Unit
$8,725
Expenses/SF
$8.32
750 Battery Street
Fifth Floor
San Francisco, CA 94111
Tel: (415)
Fax: (415)
marcusmillichap.com
This information has been secured from sources we believe to be reliable, but we make no representations or warranties, expressed or implied, as to the accuracy of the information. References to square footage or age are approximate. Buyer must verify the information and bears all risk for any inaccuracies. Marcus & Millichap Real Estate Investment Services is a service mark of Marcus & Millichap Real Estate Investment Services, Inc. © 2018 Marcus & Millichap