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INCOME PROPERTY AVAILABLE FOR SALE

INCOME, LOCATION, CHARM!

607 7th Street, Petaluma, CA 94952 PROPERTY SUMMARY Building Type: Triplex Year Built: 1979 Building Size: 3,142 Sq Ft Total Land Area: 11,250 Sq Ft Tax ID: 008-211-022

Offered at $1,600,000

www.6077thStreet.com David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | RendinosRealEstate.com


607 7th Street, Petaluma, CA 94952

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MULTI-UNIT

RE/MAX Marketplace is proud to present… Income, Location, Charm! Located in one of Petaluma’s most desirable neighborhoods, this prime multi-unit opportunity is ideal for the owner/ user as well as investor. Property is composed of a charming two bedroom, one bath bungalow in the front and a two bedroom, one and one-half bathroom townhouse-style duplex in the rear. All units feature garages, generous backyards, ample parking, and indoor laundry. The duplex has been recently remodeled. Just a few blocks from McNear Park and downtown Petaluma.

QUICK FACTS Size: ± 3,142 Sq Ft Total Price: $1,600,000 Unit Mix: 1 Cottage; 1 Duplex Year Built: 1979 Tax ID: 008-211-022

Offered at $1,600,000 David and Erika Rendino, Income Property Specialists | 707.696.3742 / 318.1851 | derendino@gmail.com | www.RendinosRealEstate.com


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LOCATION

Property Property Map Map

DISTANCES .3 Miles to McNear Park .4 Miles to McNear Elementary .7 Miles to Walnut Park .7 Miles to Downtown .7 Miles to Theater District .9 Miles to Petaluma High 3 Miles to SMART Station *Lot Dimensions *Lot Dimensions are Estimated are Estimated

David and Erika Rendino, Income Property Specialists | 707.696.3742/318.1851 | derendino@gmail.com | www.RendinosRealEstate.com

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INCOME & EXPENSE Brokers Reconstructed Improvements Triplex Brokers Location Reconstructed 607 7th St Improvements Triplex City Petaluma 607 St Location State CA7th 94952 City Petaluma Terms State CA 94952 Terms Proposed Financing Loans Balance Proposed Financing First $ Loans Balance Second $ First $ Total $ Second $ Total $ Expenses Estimated Taxes

Expenses Insurance Estimated Taxes Water/Sewer/Garage

Insurance Maintenance/Repairs Water/Sewer/Garage Misc

$ $

Maintenance/Repairs Misc Total Expenses

$

Expense/Income Total Expenses

$

Expense/Income

900,000 900,000 626,500 626,500

$19,200.00 $1,800 $19,200.00 3,300.00 $1,800 $2,000 3,300.00 $2,000 $2,000 $2,000 28,300.00

27% 28,300.00 27%

Site and Building Description Lot Size 7,405 Site and Building Description Building est 3,528 Lot Size 7,405 Zone Fourplex Building est 3,528 Year 1974 Zone Fourplex Construction Wood frame Year 1974 Stories 2 Construction Wood PG&E frame Tenant Pays Stories 2 Roof Composition Tenant Pays PG&E Personal Prop. n/a Roof Composition Assessments Personal Prop. $ n/a Land 623,968 Assessments Bldg $ 374,379 Land $ 623,968 Total $ 998,347 Bldg $ 374,379 %Land Total $ 998,347 %Bldg %Land A.P.N. 008-211-022 %Bldg A.P.N. 008-211-022

David Rendino Direct Phone: (707) 696-3742 David Rendino Derendino@gmail.com www.6077thStreet.com Direct Phone: (707) 696-3742 www.RendinosRealEstate.com Derendino@gmail.com 755 Baywood Dr Ste 201 Petaluma, CA 94954 www.RendinosRealEstate.com

4 Each office independently owned and operated

755 Baywood Dr Ste 201 Petaluma, CA 94954

Each office independently owned and operated

Multiple Residential Unit Number Of Units Multiple Residential Unit Gross Multiplier Number Of Units Proj. G. R.M M Gross Multiplier Cap Rate Proj. R.M MRate Proj. G. Cap Cap Rate Proj. Cap Rate

4 15.24 4 15.24 15.24 4.6% 15.24 4.6% 4.6% 4.6%

Annual Property Stat. Price ######## Annual Stat. Down Property $ 700,000 Price New Loans $######## 900,000 Down $ 700,000 Equity n/a New $/Ft Loans $ $ 900,000 454 Equity n/a $/Ft $ 454

Payment #/Yr Annual Interest Amortized Due $ 4,831 x12 $ 57,972 $ 5.0 30 Payment Amortized Due $ - #/Yr x12 Annual $ - Interest $ 4,831 x12 x12 $ $ 57,972 57,972 $ 5.0 30 $ - x12 $ x12 $ 57,972 Income Schedule Unit Income Schedule 607 Unit 607-A 607 607-B 607-A 607-B Income/Month

Type House Type Townhome House Townhome Townhome Townhome

Bed Bed

Baths

2 1 2 Baths 1.5 2 1 2 1.5 2 1.5 2 1.5

Income/Month Income/Year Income/Year

Analysis Gross Rent Analysis Vacancy Factor Gross Rent Operating Income Vacancy Factor Expenses Operating Income Net Income Loan Expenses Payments Income Pre-TaxNet Cash Flow Loan Payments Annual Depreciation Pre-Tax Cash Flow Tax Loss Annual Depreciation Possible Tax Savings Tax Loss After-Tax Cash Flow Possible Tax Savings Max Tax Braket (US+CA) After-Tax CashOnly) Flow Rate of Return (Cash Flow Max Tax Braket (US+CA) Projected Annual Appreciation Rate Return (Cash Flow Only) Rate of of Return (Appreciation Only) Projected Annual Appreciation Total Rate of Return Rate of Return (Appreciation Only) Total Rate of Return

Comments Comments

Unit Rent Mkt Rent $2,950 $ 2,950 Unit$2,950 Rent Mkt Rent $2,950 $2,950 2,950 $2,850 $ $2,850 $2,950 $2,950 $2,850 $ 8,750 $ $2,850 8,750 $ 8,750 $ 105,000

$ 8,750 $ 105,000

$ 105,000 Actual $ 105,000 Actual $ 3,150 $ $ 105,000 101,850 $ 3,150 $ 28,300 $ 101,850 $ 73,550 $ $ 28,300 57,972 $ $ 73,550 15,578 $ 57,972 $ (26,667) $ 15,578 $ (11,089) $ $ (26,667) 4,724 $ (11,089) 20,302 $ 42.60% 4,724 20,302 2.9% 42.60% 2.9% 0.00%

$ 105,000 Market $ 105,000 Market $ 3,150 $ $ 105,000 101,850 $ 3,150 $ 28,300 $ 101,850 $ 73,550 $ $ 28,300 57,972 $ $ 73,550 15,578 $ 57,972 $ (26,667) $ 15,578 $ (11,089) $ $ (26,667) 4,724 $ (11,089) $ 20,302 $ 42.60% 4,724 $ 20,302 3% 42.60% 3% 0.00%

2.9% 0.00% 2.9%

3% 0.00% 3%

Remarks **The above is a working document primarily based on past performance. Some estimates may be based on limited Remarks

information and have been estimated. All income and expenses should be thoroughly verified by buyer during escrow. **The above is a working primarily onwhole past performance. Some estimates may be based on limited Cap rate projections have document been rounded to thebased highest number. information and have been estimated. All income and expenses should be thoroughly verified by buyer during escrow. Cap rate projections have been rounded to the highest whole number.

David and Erika Rendino, Income Property Specialists | 707.696.3742/318.1851 | derendino@gmail.com | www.RendinosRealEstate.com


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607 7th Street, Petaluma, CA 94952

David and Erika Rendino, Income Property Specialists | 707.696.3742 / 318.1851 | derendino@gmail.com | www.RendinosRealEstate.com


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ABOUT PETALUMA

Incorporated in 1858, Petaluma is one of California’s oldest cities. With the distinction of being the birthplace of the first egg-hatching incubator, Petaluma quickly came to be known as the undisputed “egg basket of the world” by the early 1900s. And where did the farmers take their chickens when they were under the weather? To the Poultry Pharmacy to visit the Chicken Doctor, of course! It’s true, Petaluma had the world’s only Chicken Pharmacy, Chicken Rodeo and Egg Queen Ball, which helped cement its 100+ year nickname of “Chickaluma”. *Population: 59,340 Median Age: 40.8 Median Household Income: $80,276 Number of Employees: 30,031 Employment Growth: 1.27%

Employment by Occupation—Most to Least: Administrative Sales Management Education, Training, & Library Business & Financial Operations * Dataset: ACS 5-year Estimate Source: Census Bureau

David and Erika Rendino, Income Property Specialists | 707.696.3742/318.1851 | derendino@gmail.com | www.RendinosRealEstate.com


David Rendino & Erika Rendino Income Property Specialists DRE# 01252035 | 01465104

8220 Old Redwood Hwy, Cotati, CA 94931

 Direct: 707.696.3742 | Español: 707.318.1851 | Email: drendino@mac.com 

The Rendino Team EXPERIENCE

INTEGRITY

RESULTS

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The Rendino Team

The information contained herein has been obtained through sources deemed reliable by RE/MAX Marketplace, but cannot be guaranteed for its accuracy. We recommend to the buyer that any information, which is of special interest, should be obtained through independent verification. ALL MEASUREMENTS ARE APPROXIMATE.

607 7th St, Petaluma, CA 94952  

Income property available for sale. Listing Presentation and Marketing Package.

607 7th St, Petaluma, CA 94952  

Income property available for sale. Listing Presentation and Marketing Package.