732 Petaluma Blvd S - Remodeled Vintage Cottage + Victorian 2-unit 3 Unit Apartment Building Offered at $1,649,000 at a 4.39% Cap Rate Petaluma, CA 94952

Finally! Classic Historic Petaluma architecture, strong income, and the opportunity to live, work, or pursue your next venture on Petaluma's west side. This unique 3 unit property offers opportunity for enjoyment now, and even bigger dreams for the future. Remodeled Vintage Cottage + Victorian 2-unit rental on .27 acre parcel. MU2 mixed-use zoning provides flexibility for future uses including retail, restaurant, maker space, or development of additional residential units (buyer to verify). The charming 2/1 cottage features wood paneled walls and ceilings, hardwood floors, and a cozy gas fireplace in the living room. Newly remodeled kitchen and bath with custom tile, quartz counters, and soothing colors of sky and trees continue the vibe. Smart upgrades include car charger, Full sized HE W/D, and energy efficient wireless wall heaters in each bedroom. Behind the new redwood gate, find a large, private fenced yard, surrounded by heritage oaks and other vintage homes. Ready to occupy as a cozy primary residence, vacation home, or income unit, market rent approx $3000/month. The Victorian building in front is 2 distinct units, 1br/1ba upstairs and 2br/1ba downstairs, generating $4850 total, month-to-month. The building retains many historic details and materials including wood staircase, wood floors (under carpet), French double door entry to Unit A, high ceilings, and much original millwork. The upstairs unit captures views to the east of the Sonoma mountains and oak trees to the west, with lovely coved ceilings in the living room and bedroom. Between the 2 buildings, find a 600sf garage/storage building, and plenty of room for off street parking. The quickly evolving PBS corridor is home to popular shops and restaurants including Table Culture Provisions, Metro Hotel, Mystic Theater, Walnut Park Farmer's Market, Theater Square, and the upcoming EKN Hotel Project. Just blocks from historic downtown, Petaluma's riverfront businesses, and multiple parks, the location lends itself to a walkable, bikeable lifestyle in the heart of Petaluma's historic west side. A special opportunity to live, work, or pursue your big new venture to become part of Petaluma's next creative wave.