320 Washington St
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320 Washington St
2,277 SF Office Building Petaluma, CA 94952 £874,821 (£384/SF) 4.27% Net Initial Yield
INVESTMENT HIGHLIGHTS
- Mixed Use 2 (MU2) zoning allows many uses
- Multiple entrances could allow multi-tenant occupancy
- has on-site parking as well as street parking.
- On-site and street parking
- Close to historic downtown Petaluma
EXECUTIVE SUMMARY
320 Washington Street offers the best of both worlds as a great rental property and an ideal location for an owner user. The building can be occupied by one or more tenants with multiple entrances. The property is zoned MU2 (Mixed Use 2) with many possible uses, has on-site parking as well as street parking, offers easy access, and is close to Petaluma’s historic downtown which offers many restaurants and shopping opportunities.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
£45,186
|
£19.84
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£45,186
|
£19.84
|
| Taxes |
£1,660
|
£0.73
|
| Operating Expenses |
£6,148
|
£2.70
|
| Total Expenses |
£7,808
|
£3.43
|
| Net Operating Income |
£37,378
|
£16.42
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | £45,186 |
| Annual Per SF | £19.84 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £45,186 |
| Annual Per SF | £19.84 |
| Taxes | |
|---|---|
| Annual | £1,660 |
| Annual Per SF | £0.73 |
| Operating Expenses | |
|---|---|
| Annual | £6,148 |
| Annual Per SF | £2.70 |
| Total Expenses | |
|---|---|
| Annual | £7,808 |
| Annual Per SF | £3.43 |
| Net Operating Income | |
|---|---|
| Annual | £37,378 |
| Annual Per SF | £16.42 |
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Office
Building Size
2,277 SF
Building Class
C
Year Built
1916
Price
£874,821
Price Per SF
£384
Net Initial Yield
4.27%
NOI
£37,377
Tenancy
Single
Number of Floors
2
Typical Floor Size
1,138 SF
Building FAR
0.40
Lot Size
0.13 AC
Zoning
CITYPE - Mixed Use 2 (MU2). Interested parties should check with the City of Petaluma to see what ueses might be possible.
Parking
6 Spaces (2.64 Spaces per 1,000 SF Leased)
AMENITIES
- Air Conditioning
- Smoke Detector
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Walk Score®
Walker's Paradise (97)
PROPERTY TAXES
| Parcel Number | 006-273-011 | Total Assessment | £142,814 (2023) |
| Land Assessment | £93,483 (2023) | Annual Taxes | £1,660 (£0.73/sf) |
| Improvements Assessment | £49,330 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
006-273-011
Land Assessment
£93,483 (2023)
Improvements Assessment
£49,330 (2023)
Total Assessment
£142,814 (2023)
Annual Taxes
£1,660 (£0.73/sf)
Tax Year
2024
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320 Washington St
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