Technical
Financial
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Property profile

440 Canal St San Rafael, CA 94901

OFF-MARKET
Apartment buildings
Property ID
US09-1133400
1,764 SF 0.14 ac lot Built 2001
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Property summary

AI-generated overview

This exceptional Class A, 3-unit apartment building at 440 Canal St, San Rafael, CA 94901, presents a compelling investment opportunity. Boasting 1,764 square feet across three units (two studios and one 1-bedroom, 2-bathroom two-story unit), this 2001-built property offers 100% occupancy, with a current occupancy date of November 7, 2024. Situated on a 0.14-acre lot, the building features three stories and includes desirable amenities such as private garages with remote openers for all tenants, a private dock with two boat slips, and an electric entrance gate with remote access. The property's location directly on the Canal provides unparalleled privacy and convenience, while its proximity to shopping, entertainment, and employment opportunities enhances its appeal. The asking price is $1,200,000, representing a price per unit of $400,000. This "trophy asset" is the newest apartment building in San Rafael's Canal submarket, offering a rare combination of luxury, location, and strong rental income. Tours are available on November 15th from 11:00 AM to 12:30 PM and November 21st from 3:00 PM to 4:30 PM.

Property profile

Verified
Property type Apartment buildings
Year built 2001
Total area 1,764 SF
Lot 0.14 ac (6,098 SF)
UPID US09-1133400

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

440 Canal St San Rafael, CA 94901
San Rafael metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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