390-406 Woodland Ave - Apartments FOR SALE


San Rafael, CA 94901- Picnic Valley
$2,250,000 USD
415-535-7414
390-406 Woodland Ave, San Rafael, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/29
null | 5.5% Cap Rate

390-406 Woodland Ave
San Rafael, CA 94901
Picnic Valley


HIGHLIGHTS

  • Value-Add Upside
  • Below Market In-Place Rents
  • Premier Marin County Location
  • 5.50 % In-Place Cap Rate | 6.20% Proforma Cap Rate

OVERVIEW

390 Woodland Apartments (the Property) is an 8-unit multifamily asset in San Rafael, comprised of four (4) studio and four (4) one bedroom floorplans totaling approximately 4,316 rentable square feet. The compact, efficient unit mix targets the submarket’s entry-level and single-renter demand. Beyond its in-place cash flow, the Property offers a rare combination of location and upside. San Rafael, the heart of a supply-constrained and highly desirable Marin County market, drives durable demand for efficient studio and one-bedroom units, give an incoming owner a clear path to reset rents to market and lift income over the near term.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$464 USD /SF

# OF UNITS

8

PRICE/UNIT

$281,250

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

390 Woodland Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

N/Av, San Rafael

APN/PARCEL ID

013-061-28,013-061-65

ASK ABOUT THIS PROPERTY

Ben MollahanCBREMore Info
415-535-7414

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Ben MollahanCBREMore Info
415-535-7414

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