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Listed by Adam Foley • CBRE, Inc.
$ 6,110,000
Est. payment /mo
New
247 D San Rafael, CA 94901
13,040 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 13,040 sqft
Price per Sqft $468
MLS Listing ID ML82051074
HOA Y/N No
Year Built 1965
Lot Size 1,840 Sqft
Property Sub-Type Other
Source Datashare MLSListings
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.
Location
State CA
County Marin
Interior
Heating Electric
Fireplace No
Exterior
Handicap Access Other
Building
Water Public
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