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Listing Summary
Listing
#321051422
$1,195,000 (LP)
$1,115,000 (SP)
SP % OP
:
81.99
109 Ellis St, Petaluma, CA 94952-3304
Closed
(02/08/22)
SqFt:
Lot Size SqFt:
30695
Area/District
:
B1000
Yr
:
1932
*
Remarks
Major Price Reduction! Contractors and Developers! Tear-down 4 units on HUGE 30,000 sq. ft. lot!! This property needs either a full rehab, or it is Fully Entitled with the City of Petaluma for a high-end and rare 13-unit apartment development. Presently the property has a house which is ready to rehab, a 2bd/1b separate cottage, a 1bd/1ba and studio, located within walking distance of the new SMART line and super close proximity to the trending historic downtown area, shopping, restaurants, schools and other amenities. The development opportunity includes 12 two-bedroom two-bath townhome style units with an upstairs loft, and one studio low-income unit. Enclosed garages, open parking, courtyards, private balconies, open space, a workout room, a pool and BBQ area and expectation of high rent demand for a scarce product oriented toward a younger affluent tenant base. Collect income while preparing a great developer's project in a high-demand, culturally growing cit
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Showing Information
Directions to Property
E. Washington to Ellis St.
Remarks
Agent and Office Information
Agent
David T Sanford
Primary:949-306-9508 Lic: 00826382
Office
Newport Apartment Group
Phone: 949-306-9508, FAX: 949-720-1191 Office Lic: 01380628
Number of Offers
1
Price, Dates and Commissions
Broker Co-op
Broker Co-op
2.5%
# Of Units Total
4
Unit Information
# Of Buildings
3
# Of Units Leased
0
# Of Units Month to Month
0
# Of Units Vacant
0
# of 1 Bedroom Units
1
# of 2 Bedroom Units
2
# of 3 Bedroom Units
0
# of 4 Bedroom Units
0
# of Studio Units
1
# Commercial Units
0
Unit 1 Bedrooms
2
Unit 1 Full Baths
1
Unit 1 Partial Baths
0
Unit 1 Rent
$
2800
Unit 1 Description
na
Unit 1 # of Rooms
0
Unit 1 Occupancy
Vacant
Unit 1 SqFt Source
Not Measured
Unit 1 Type
Apartment
Unit 2 Bedrooms
2
Unit 2 Full Baths
1
Unit 2 Partial Baths
0
Unit 2 Rent
$
1650
Unit 2 Description
na
Unit 2 # of Rooms
0
Unit 2 Occupancy
Tenant
Unit 2 SqFt Source
Not Measured
Unit 2 Type
Apartment
Unit 3 Bedrooms
1
Unit 3 Full Baths
1
Unit 3 Partial Baths
0
Unit 3 Rent
$
1100
Unit 3 Description
na
Unit 3 # of Rooms
0
Unit 3 Occupancy
Tenant
Unit 3 SqFt Source
Not Measured
Unit 3 Type
Apartment
Unit 4 Bedrooms
0
Unit 4 Full Baths
1
Unit 4 Partial Baths
0
Unit 4 Rent
$
950
Unit 4 # of Rooms
0
Unit 4 SqFt Source
Not Measured
Unit 4 Type
Apartment
# Of Furnished Units
0
Total # Owner Occupied
0
# of 1 Bedrooms Occupied
0
# of 2 Bedrooms Occupied
0
# of 3 Bedrooms Occupied
0
# of 4 Bedrooms Occupied
0
# Studios Occupied
0
Studio Annual Occupancy
0
%
Unit Income and Expense
Gross Scheduled Income
$
77400
Operating Expense
$
26008
Total Deposit
$
0
Total # Leasable
0
Total # Section 8
0
Utilities Expense
$
2460
Operating Expense Includes
Electricity, Gas, Insurance, Maintenance Grounds, Maintenance Structure, Property Tax, Repairs, Trash, Utilities, Water/Sewer
Other Expense
$
2400
Tax Annual Amount
$
0
Separate Meters
Electricity, Gas, Water
Actual or Scheduled
Scheduled
Lease Deposit
$
0
Financial Information
City Transfer Tax Rate
0.00
County Transfer Tax Rate
0.00
Terms
1031 Exchange, Assumable, Cash
Possession
Close Of Escrow
Property Information
Subtype Description
Apartments
Approx SqFt
0
Price / SqFt
0.00
Lot Sq Ft
(
approx
)
30,695
Lot Acres
(
approx
)
0.7047
Lot Size Source
(Architect)
# of Rooms
0
Year Built
1932*
Year Built Source
Assessor Auto-Fill
Stories
1
Levels
One, Two
Special Listing Conditions
None
Property Condition
Fixer
Property Location
County
Sonoma
Cross Street
E. Washington
Area/District
Petaluma West
Subdistrict
Interior Information
Cooling
None
Heating
Fireplace(s), Floor Furnace, Gas
Laundry Features
Washer/Dryer Hookups
Construction Information
Architectural Style
Bungalow, Farmhouse, Spanish
Water Source
Public
Sewer
Public Sewer
Parking Information
Garage Spaces
0
Total Parking Spaces
0
Covered Spaces
0
Carport Spaces
0
Open Parking Spaces
10
# of RV/Boat
0
# Underground
0
# of Guest Space(s)
0
Tandem Parking Spaces
0
Independent Parking Spaces
0
Parking Features
Open
Lot and Outdoor Information
Lot Features
Sidewalk
Association Information
Association
No
School Information
Green Information
Other Listing Information
Mortgage Info
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