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- LoopNet Team
109 Ellis St
Petaluma, CA 94952
Land For Sale
·
0.70 AC
INVESTMENT HIGHLIGHTS
- Fully entitled 13- unit apartment development opportunity
- Pool, Parking, Sustainable
- (12) 2bd+2ba units and 1 low income studio
- Close proximity to all downtown Petaluma and SMART line
PROPERTY FACTS
DESCRIPTION
This rare 13-unit apartment development opportunity is fully entitled by the City of Petaluma, presenting the culmination of great effort by architect and designer Jerry Kler and his team. New product is extremely scarce in Petaluma, and this strategically located and manageable project is 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. With a unique design approved for 12 two-bedroom two-bath townhome style units with an upstairs loft in a spacious 1,115 sq. ft naturally lit floorplan, and one studio low-income unit. Enclosed garages, open parking, courtyards, private balconies, open space, a workout room, a pool and barbeque area and expectation of high rent demand for a scarce product oriented toward a younger affluent tenant base. A great developer’s project in a high-demand, culturally growing city.
PROPERTY TAXES
| Parcel Number | 007-361-003 | Improvements Assessment | $440,401 |
| Land Assessment | $742,845 | Total Assessment | $1,183,246 |
PROPERTY TAXES
