109 Ellis Street, Petaluma, CA 94952

$1,560,000
List Price
$1,560,000
Status
ACTIVE
MLS#
22022099
Property Type
Residential
Lot Size
30,695
Acres
0.7
County
Sonoma
Region
Petaluma West
Transaction Type
Sale

Property 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.

Additional Information

HOA
No
Association
Sonoma
Lot Description
Other
Lot Measurement
SqFt
Possession
Close Escrow
Utilities
City, Elec Avail, Gas Avail
Zoning
R-4

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of David Sanford from Newport Apartment Group

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