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16 Marian Ct San Rafael, CA 94901

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For Sale
$2,650,000

Eleven-unit apartment building in San Rafael, California.

Property size:
8,568 SF

Property Features for 16 Marian Ct

General Information

Standard status
Active
Size
8,568 SF

Building Details

Year built
1971

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Listing Contact
Jefrey Henderson
Source: Corcoran

Listing Agency: JEFREY HENDERSON, BROKER Listing Agent: Jefrey Henderson

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

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Overview

San Rafael Multifamily Investment Opportunity

The property at 16 Marian Court in San Rafael, California, consists of an eleven-unit apartment building. The unit mix includes seven one-bedroom, one-bathroom floor plans and four two-bedroom, one-bathroom floor plans. The property is positioned to appeal to the target demographic. Current rents are reportedly below market rates, presenting an opportunity for investors to increase value.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Skin Care Clinic Grocery & Convenience Store

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 - Eleven-unit apartment building in San Rafael, California.
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 $2,650,000.
What are key features of this property?
This property features: - Value-add opportunity with potential to increase rents by $500 per unit.; - Opportunity to achieve a 6.18% cap rate through rent stabilization.; - Additional $250+ per unit in renovation premiums.
More about this property
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