16 Marian Ct San Rafael, CA 94901
Two-building property with below-market rents and value-add potential.
Property size:
8,568 SFProperty Features for 16 Marian Ct
General Information
- Size
- 8,568 SF
Building Details
- Year built
- 1971
Source:
Groundmatrix
Listing 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
Location Insight
- Map
- Local Demand
- City
- San Rafael
- County
- Marin
- State
- California
- Longitude
- -122.5007486
- Latitude
- 37.9670167
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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.