247 D, San Rafael, CA, CA 94901
- $6,110,000
- List Price
- $6,110,000
- Status
- ACTIVE
- MLS#
- ML82051074
- County
- Marin
- Zoning
- n/a
- Year Built
- 1965
- Square Feet
- 13,040
- Lot Size (acres)
- 0.0422
- Days on Market
- 44
- Property Type
- Commercial
Property Description
Del Mesa Apartments (The Property) is a Pride of Ownership 18-unit Multifamily investment opportunity in Gerstle Park neighborhood, widely considered the A+ area of San Rafael. The Property features a well-maintained unit mix of twelve (12) one-bedroom, one-bathroom units and six (6) two-bedroom, one-bathroom units across a single three-story building set on a .042 acre parcel. Ownership has completed meaningful renovations over the last decade with remaining upside through continued in-unit upgrades and rent growth to market across the balance of the units. Del Mesa Apartments is situated in Gerstle Park, one of San Rafaels most coveted residential enclaves. The neighborhood is characterized by mature tree canopy, well-maintained streetscapes, and a quiet, upscale character that distinguishes it from more commercially active San Rafael corridors. Gerstle Park consistently ranks among he citys most desirable and safest neighborhoods, attracting long-term, quality tenants.
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Additional Information
- Taxes
- $95,976
- Parcel Number
- 01222207
- Gross Scheduled Income
- $491,863
- Heat
- Electric
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Roof
- Bitumen, Flat
- Water
- Public
- School District
- Other
Listing courtesy of Listing Agent: Adam Foley (adam.foley@cbre.com) from Listing Office: CBRE, Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.