415-532-1068
216 Marin St, San Rafael, CA for Sale
Apartments - FOR SALE
1/22
null | Request Cap Rate

216 Marin St
San Rafael, CA 94901
Gerstle Park


HIGHLIGHTS

  • Renovation Upside
  • RUBS Implementation Upside
  • Proximity to Downtown
  • Discount to Homeownership
  • Access to Employers
  • Limited Supply Market

OVERVIEW

Walker & Dunlop Investment Sales, LLC, as the exclusive advisor, is pleased to present the opportunity to acquire Oak Hill — a 35-unit apartment community located in the heart of San Rafael, California. Originally developed in 1973, Oak Hill features a desirable unit mix of 11 spacious one-bedroom units and 24 two-bedroom units, many of which offer expansive living spaces and sweeping views of Marin County. Ideally positioned just a few blocks from Downtown San Rafael and only a 35-minute drive from San Francisco, the property offers an exceptional location that blends suburban charm with urban accessibility. The four-story structure includes ground-level parking and three levels of residential units above. Oak Hill represents a compelling value-add opportunity, with multiple ways to increase near-term revenue through capturing existing loss-to-lease, continuing the implementation of RUBS, renovating interiors and exteriors, and exploring ADU potential. Located in one of the Bay Area’s most supply-constrained, high-barrier-to-entry submarkets, Oak Hill is being offered at a substantial discount to replacement cost. This provides investors a rare chance to acquire a well-located asset with durable cash flow, long-term appreciation potential, and multiple exit strategies in a fundamentally strong market.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

35

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oak Hill Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1975

PARKING SPACES

49

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,325 SF

ZONING

MR-2, San Rafael

APN/PARCEL ID

012-151-33

ASK ABOUT THIS PROPERTY

Matt NeaultWalker & Dunlop, Inc.More Info
415-532-1068

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Matt NeaultWalker & Dunlop, Inc.More Info
415-532-1068

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.