For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers
Back to Search

16 Marian Ct San Rafael, CA 94901

For Sale
$2,450,000

Two-building property with below-market rents and value-add potential.

Property size:
8,568 SF

Property Features for 16 Marian Ct

General Information

Size
8,568 SF

Building Details

Year built
1971

Source: Jerry Adamson Agent Jerry Adamson

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

San Rafael Multifamily Investment Opportunity

Constructed in 1971, this property features two buildings comprising seven 1-bedroom units and four 2-bedroom units. Ground-floor units include private fenced yards, while second-floor units offer spacious balconies. The current rents are below market value, presenting an opportunity to increase net operating income through annual rent increases. The property is located in a Federal Opportunity Zone, offering potential capital gains incentives for investors. Situated in the Canal district of San Rafael, the property is directly adjacent to the San Rafael Creek. Its location provides convenient access to HWY 101 and 580, facilitating travel to the Richmond-San Rafael bridge and San Francisco, while remaining approximately 2 miles from downtown San Rafael. The property is located on a quiet cul-de-sac and offers on-site and street parking for tenants. The property has stable tenancy with over 5 years without vacancy. There are 14 parking spaces. On-site management is available. The rent increase moratorium is expected to end December 31, 2021.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
San Rafael
County
Marin
State
California
Longitude
-122.5007486
Latitude
37.9670167

FAQs

What type of property is this?
Apartment building - Two-building property with below-market rents and value-add potential.
Where is this apartment building located?
The property is located at 16 Marian Ct San Rafael, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: - Federal Opportunity Zone provides unique capital gains incentives.; - Opportunity to increase Net Operating Income (NOI) through raising below-market rents.; - Convenient location near HWY 101 and 580, providing easy access to transportation.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message