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    515 B St San Rafael, CA 94901

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    For Sale
    $3,450,000

    Boutique multifamily property with high rents and rental upside.

    Property size:
    5,342 SF

    Property Features for 515 B St

    General Information

    Standard status
    Active
    Size
    5,342 SF

    Building Details

    Year built
    1975

    Source: JEFREY HENDERSON, BROKER Agent JEFREY HENDERSON

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

    Overview

    Boutique Multifamily Property in San Rafael

    The Brookside Apartments, located at 517 B Street in the Gerstle Park market of San Rafael, presents a premier investment opportunity. Constructed in 1975, this boutique multifamily property features 10 one-bedroom, one-bathroom units. Situated on a quiet street near downtown San Rafael, the location is attractive to high-quality tenants. The property offers substantial rental upside through programmatic A+ finishes. Significant capital improvements have been completed, including a seismic retrofit, roof replacement with 60mil TPO, and SB 721 Balcony Inspection repairs. The property size is 5342 square feet. This is a nearly turnkey investment with rental upside.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brookside Apartments Apartment Building 515 B street, ... Apartment Building Quick&Easy WEDDING DANCE ... Wedding Service

    Suggested Use

    Restaurant Realty agency Law Firm Dental Office Spa & Massage Hair Salon Clothing Store Nail Salon Food Market Grocery 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
    -122.5303802
    Latitude
    37.9684887

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    FAQs

    What type of property is this?
    Apartment building - Boutique multifamily property with high rents and rental upside.
    Where is this apartment building located?
    The property is located at 515 B St San Rafael, CA.
    What is the asking price?
    The asking price for this property is $3,450,000.
    What are key features of this property?
    This property features: - Boutique multifamily property in the desirable Gerstle Park area of San Rafael.; - Significant capital improvements completed, including seismic retrofit and roof replacement.; - High in-place rents with potential for rental upside through upgrades.
    (408) 453-7461
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 B St San Rafael, CA 94901
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