6-Unit Apartment Bldg in West Petaluma | 407 4th St
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6-Unit Apartment Bldg in West Petaluma 407 4th St
6 Unit Apartment Building $2,701,800 CAD ($450,300 CAD/Unit) 5.15% Cap Rate Petaluma, CA 94952
Executive Summary
Keegan & Coppin Company, Inc. is proud to offer this west Petaluma apartment property for sale. 407 Fourth Street represents an opportunity to own a 6-unit apartment building in the highly desirable West Petaluma residential area. The property is located within walking distance of restaurants and downtown shopping. Residents are just one block away from Petaluma Boulevard South and a 10 minute walk from the Smart Train. The apartment units were built in 1964 and consist of 2 one bedroom and 4 two-bedroom units. The building design is a classic two-story walk up with a garden style appeal. There are 6 on-site parking spaces for tenants and available street parking for guests. The asking price of $1,900,000 is $316,666 per unit.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$238,896
|
$49.40
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$7,167
|
$1.48
|
| Effective Gross Income |
$231,729
|
$47.92
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$92,547
|
$19.14
|
| Net Operating Income |
$139,183
|
$28.78
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $238,896 |
| Annual Per SF | $49.40 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $7,167 |
| Annual Per SF | $1.48 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $231,729 |
| Annual Per SF | $47.92 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $92,547 |
| Annual Per SF | $19.14 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $139,183 |
| Annual Per SF | $28.78 |
Property Facts
| Price | $2,701,800 CAD | Apartment Style | Low Rise |
| Price Per Unit | $450,300 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 5.15% | Building Size | 4,836 SF |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1964 |
| Property Subtype | Apartment | Parking Ratio | 1.24/1,000 SF |
| Price | $2,701,800 CAD |
| Price Per Unit | $450,300 CAD |
| Sale Type | Investment |
| Cap Rate | 5.15% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,836 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1.24/1,000 SF |
1 of 1
Walk Score ®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 008-115-019 | Improvements Assessment | $225,043 CAD (2023) |
| Land Assessment | $42,053 CAD (2023) | Total Assessment | $267,096 CAD (2023) |
PROPERTY TAXES
Parcel Number
008-115-019
Land Assessment
$42,053 CAD (2023)
Improvements Assessment
$225,043 CAD (2023)
Total Assessment
$267,096 CAD (2023)
zoning
| Zoning Code | CITYPE |
| CITYPE |
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6-Unit Apartment Bldg in West Petaluma | 407 4th St
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