10266 Old Redwood Hwy N by RE/MAX Marketplace

COMMERCIAL INCOME PROPERTY AVAILABLE

FOUR-PLUS UNITS ON HALF-ACRE PARK-LIKE SETTING

10266 Old Redwood Hwy N, Petaluma, CA 94954 PROPERTY SUMMARY Buildings: 6 GBA: ± 4,639 Sq Ft Lot: ± 19,140 Sq Ft Stories: Two Year Built: 1930 Unit Mix: One Studio, Three 1BD/1BA, One 3BD/2BA

Offered at $1,490,000 www.10266OldRedwood.com David and Erika Rendino, Income Property Specialists | (707) 696-3742/318-1851 | Derendino@gmail.com | www.RendinosRealEstate.com

10266 Old Redwood Hwy, Petaluma, CA

RE/MAX Marketplace is proud to present… Rare opportunity to own four-plus units on an approximate half-acre park-like setting. Property consists of: a three bedroom, two bath house with attached studio; a duplex (one bedroom, one bathroom per side); a one bedroom, one bathroom detached cottage; and a large barn. Onsite laundry, ample storage, and large yards are a huge “sell-factor” for attracting and retaining tenants. Close proximity to downtown Cotati and Penngrove, SSU, Hwy 101 affords an easy commute to work or school. A gross income of $10,175 per month makes this the proverbial “cash cow”!

Offered at $1,490,000

QUICK FACTS Zoning: AR GBA: ± 4,639 Sq Ft Lot: ± 19,140 Sq Ft Stories: Two Unit Mix: One Studio, Three 1BD/1BA, One 3BD/2BA, Barn Year Built: 1930 Tax ID: 047-051-010

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

www.10266OldRedwood.com

LOCATION

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

10266 Old Redwood Hwy, Petaluma, CA

INCOME & EXPENSE

Petaluma

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

www.10266OldRedwood.com

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

Land Area:

0.50 AC

Zoning:

AR, Penngrove

10266 Old Redwood Hwy, Petaluma, CAParcel

047-051-010

EXPENSES PER UNIT

UNIT BREAKDOWN

$2,161.95 (2017)

Taxes:

BEDROOM SUMMARY Unit Mix Totals

Vacancy

Avg Asking Rent

Avg Effective Rent

Avg SF

Units

Mix %

Units

Percent

Per Unit

Per SF

Per Unit

Per SF

Concessions

All Studios

40.0%

0.0%

All 1 Beds

40.0%

0.0%

All 3 Beds

20.0%

0.0%

Totals

100%

0.0%

UNIT BREAKDOWN

RENT ROLL Bed Bath Avg SF

Unit Mix

Mix % Units Rent Roll 0 1 20.0% 0 Property Summary Report Apartment # Bed/baths Type Tenant Name Bed/baths

Vacancy

Units

Vac %

0.0%

Avg Asking Rent

Per Unit Per SF Rent Roll

Rent Tenant NameDeposit 0.0% 10266 3 bed/2 bath James Hall& Kristen Hall 3 bed/2 bath $ James Hall& Kristen Hall 2,500.00 $ 3,300.00 1 1 2 40.0% 0 0.0% o 10266 10266-B 0/1 Studio Stella Heath 0/1 $ Stella Heath 850.00 $ 1,200.00 Old Hwy 3 1 Redwood 1 20.0% 0 0.0% Duplex 10272 1bed/1 bath Upstairs Duplex Christian Wagers 1bed/1 bath $ Christian Wagers 1,550.00 $ 2,325.00 Penngrove, CA 94951 - Rohnert Park MF Submarket plex 10270 1bed/1 bath DN Duplex Lisa Vincak 1bed/1 bath $ Lisa Vincak 1,500.00 $ 2,025.00 TRANSPORTATION ge COMMERCIAL 10268 1 bed/1 bath Cecilia Hallinan1 bed/1 bath $ Cecilia Hallinan 1,200.00 $ 1,237.00 LEASING Cottage Parking: Spaces: No 2 free Surface SpacesAvailable are available; 0.3 per Unit Available Spaces Currently n 10274Office Barn Benedatta, Inc Office $ Benedatta, Inc 2,275.00 $ 3,500.00 0

20.0%

Walk Score ®:

Car-Dependent (7)

Transit Score ®: SALE Last Sale:

Minimal Transit (20)

$ 9,875.00 $ 13,587.00

Sold on Feb 6, 2018 for $1,450,000 ($241,667/Unit)

Avg Effective Rent Per Unit

Per SF

Concessions

Lease from Rent Deposit Term Lease $ 2,500.00 $ 3,300.00 $ 850.00 $ 1,200.00 03-04-17 to 09-04-17 $ 1,550.00 $ 2,325.00 m to m 03-04 Updated April 11, 2018 01-13-14 to 11-13-15 $ 1,500.00 $ 2,025.00 m to m 01-13 07-15-14 to 07-15-15 $ 1,200.00 $ 1,237.00 m to m 07-15 $ 2,275.00 $ 3,500.00 $ 9,875.00 $ 13,587.00

PROPERTY CONTACTS True Owner:

Kadami Enterprises

True Owner:

Recorded Owner: Kadami Ents Lp

Mendoza Investments

Prior True Owner: Crespi Aaron

MARKET CONDITIONS

4/11/2018

Copyrighted report licensed to Re/Max Marketplace - 797331. Erika Rendino 707.318.1851 & Simon Raya 707.326.1117

MARKET CONDITIONS

YOY

Asking Rents Per Unit

Current

Submarket 1-3 Star

$1,705

7.6%

Current Building

0.0%

Market Overall

$1,858

7.2%

Submarket 1-3 Star

3.2%

-1.7%

Concessions

Current

Market Overall

2.4%

-1.5%

YOY

Submarket 1-3 Star

0.2%

-0.3%

Market Overall

0.3%

-0.7%

Submarket Sales Activity

12 Mo. Sales Volume (Mil.) 12 Mo. Price Per SF Under Construction Units

Market Overall

Current

$10.0

$127,629

$237,500

460

Current

Prev Year

$32.8

Current

Vacancy Rates

Page 6

YOY

77.1%

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

YOY

www.10266OldRedwood.com

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

10266 Old Redwood Hwy, Petaluma, CA

POPULATION WITHIN ONE-MILE RADIUS

BUSINESSES WITHIN ONE-MILE RADIUS

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

www.10266OldRedwood.com

Demographic Market Comparison Report

1 mile radius

DEMOGRAPHIC MARKET COMPARISON

1 MILE RADIUS

10266 Old Redwood Hwy, Penngrove, CA 94951

Type: Multi-Family/Apartments County: Sonoma 1 Mile

County

Growth 2010 - 2017

-7.60%

4.76%

Growth 2017 - 2022

1.05%

3.55%

Population Growth

Empl Unempl 2017 Population by Race

830

94.97%

258,829

95.86%

5.03%

11,177

4.14%

1,616

White

1,483

506,932 91.77%

442,348

87.26%

Black

1.11%

9,930

1.96%

Am. Indian & Alaskan

0.99%

11,185

2.21%

Asian

2.41%

22,184

4.38%

0.06%

1,883

0.37%

3.65%

19,402

3.83%

Hawaiian & Pacific Island Other Household Growth Growth 2010 - 2017

-7.14%

4.79%

Growth 2017 - 2022

1.28%

3.63%

Renter Occupied

260

37.04%

77,010

39.55%

Owner Occupied

442

62.96%

117,707

60.45%

2017 Households by Household Income Income <$25K

703

194,717

12.38%

29,516

15.16%

Income $25K - $50K

141

20.06%

37,553

19.29%

Income $50K - $75K

152

21.62%

38,456

19.75%

Income $75K - $100K

9.10%

26,630

13.68%

Income $100K - $125K

9.53%

18,771

9.64%

Income $125K - $150K

7.97%

13,595

6.98%

Income $150K - $200K

11.52%

14,126

7.25%

Income $200K+

7.82%

16,070

8.25%

2017 Med Household Inc 2017 Median Age

$69,722

$69,220

48.60

42.00

Erika Rendino 707.318.1851 & Simon Raya 707.326.1117 Copyrighted report licensed to Re/Max Marketplace - 797331.

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

4/11/2018

Page 5

www.10266OldRedwood.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

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.