15
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$6,110,000
Est. payment /mo
1,838 Sqft Lot
Open 6/18 10AM-11:30AM
247 D San Rafael, CA 94901
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Open House
Thu Jun 18, 10:00am - 11:30am
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82051074
HOA Y/N No
Year Built 1965
Annual Tax Amount $95,976
Lot Size 1,838 Sqft
Property Description
Del Mesa Apartments (The Property) is a Pride of Ownership 18-unit Multifamily investment opportunity in Gerstle Park neighborhood, widely considered the A+ area of San Rafael. The Property features a well-maintained unit mix of twelve (12) one-bedroom, one-bathroom units and six (6) two-bedroom, one-bathroom units across a single three-story building set on a .042 acre parcel. Ownership has completed meaningful renovations over the last decade with remaining upside through continued in-unit upgrades and rent growth to market across the balance of the units. Del Mesa Apartments is situated in Gerstle Park, one of San Rafaels most coveted residential enclaves. The neighborhood is characterized by mature tree canopy, well-maintained streetscapes, and a quiet, upscale character that distinguishes it from more commercially active San Rafael corridors. Gerstle Park consistently ranks among he citys most desirable and safest neighborhoods, attracting long-term, quality tenants.
Location
State CA
County Marin
Area 699 - Not Defined
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Carport Spaces 18
Roof Type Bitumen,Flat
Building
Water Public
Schools
School District Other
Others
Tax ID 01222207
Special Listing Condition Standard
Listed by Adam Foley CBRE, Inc. #02144332
NEARBY SCHOOL & BUSINESS
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