San Rafael Multifamily Investment
285 Woodland Avenue San Rafael, CA 94901
For Sale
$6,400,000
20-unit apartment building in prime San Rafael location.
Property Size17,158 SF
Price / SF$373
Days on Market292
Property Features for 285 Woodland Avenue
General Information
- Standard status
- Active
- Size
- 17,158 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1989
Listing Agency:
JEFREY HENDERSON, BROKER
(408) 453-7461
Listed By:
JEFREY HENDERSON · License #01483399
Source:
Corcoran
Added: Oct 7, 2025
Changed: Jul 6
Last Checked: Jul 25 at 5:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JEFREY HENDERSON, BROKER
Investment Insights
Based on property information with market context.
Located at 285 Woodland Ave in San Rafael, this multifamily property features 20 units. The unit mix includes four studios, eight one-bedroom, one-bathroom units, four two-bedroom, one-bathroom units, and four two-bedroom, two-bathroom units. The property has been lightly renovated with LVT flooring and countertops. Its location provides an opportunity to invest in Marin County's demographics and the tech space in San Francisco. The property offers in-place cash flow and future upside in one of California's rental markets. The property size is 17158 square feet.
Key Highlights
- Strong in‑place cash flow
- Located in Marin County, appealing to affluent demographics and the San Francisco tech space
- Opportunity for future upside in a top California rental market
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $479.7k | $27.96 |
| − Vacancy | −$27.8k | −$1.62 |
| EGI | $451.9k | $26.34 |
| − OpEx | −$203.4k | −$11.85 |
| NOI | $248.6k | $14.49 |
17,158 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.55M
$3.11M – $4.14M
NOI $248,552 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$83.81M
$73.33M – $97.78M
NOI $5,866,685 @ 7.0% cap · market cap 91.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
285 Woodland Apartments
Apartment Building
FAQs
What type of property is this?
Apartment building - 20-unit apartment building in prime San Rafael location.
Where is this apartment building located?
The property is located at 285 Woodland Avenue San Rafael, CA.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: Strong in‑place cash flow; Located in Marin County, appealing to affluent demographics and the San Francisco tech space; Opportunity for future upside in a top California rental market
