247 D,San Rafael, CA 94901
San Rafael, CA 94901
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.
Details
| MLS # | ML82051074 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 81 |
| Listing Provided By | CBRE, Inc. | Adam Foley |
Features
| SQ Feet | 13,040 |
|---|---|
| Car Port | Yes |
| Units | 18 |
| Building(s) | 1 |
| Zoning | n/a |
| Acreage | 0.04 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Electric |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
Exterior
| Roof | Bitumen, Flat |
|---|
Taxes
| Property | 95976 |
|---|
Area Information
| State | CA |
|---|---|
| County | Marin |
| City | San Rafael |
| Zip Code | 94901 |
| Area | 699 Not Defined |
| Listing VS Median (in 94901) | |
Price: $5,900,000 low | high Med: $2,725,000 sqft: 13,040 low | high Med: 4,829 $ / sqft: $452 low | high Med: $560 On site: 81 low | high Med: 218 | |
Market Activity 94901
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Learn More About This Property
| State | CA |
|---|---|
| County | Marin |
| City | San Rafael |
| Zip Code | 94901 |
| Area | 699 Not Defined |
| Listing VS Median (in 94901) | |
Price: $5,900,000 low | high Med: $2,725,000 sqft: 13,040 low | high Med: 4,829 $ / sqft: $452 low | high Med: $560 On site: 81 low | high Med: 218 | |