40 Corte Real - Apartments FOR SALE


Greenbrae, CA 94904
$4,600,000 USD
415-302-2144
40 Corte Real, Greenbrae, CA for Sale
$4,600,000 USD
Apartments - FOR SALE
1/12
null | 4.36% Cap Rate

40 Corte Real
Greenbrae, CA 94904


HIGHLIGHTS

  • Excellent Location in Greenbrae Neighborhood Near Transportation, Shopping, Schools and Entertainment
  • All Units Have Fireplaces, Views, Decks or Patios, Private Storage Units, and Abundant Parking
  • Excellent Demographics - Median household income $193,338 with single-homes averaging $1,835,000
  • Complex Features Six Large Two-Bedroom/One-Bath & Three Large One-Bedroom/One-Bath Units
  • Conveniently located on-site laundry facilities with smart phone paying capabilities

OVERVIEW

Built in 1971, 40 Corte Real has been under its current ownership for over 38 years. The property offers an exceptionally well-located quality nine-unit building, consisting of six two-bedroom, one bath units and three one-bedroom, one bath units. The units have been well maintained, with five out of nine units completely remodeled and upgraded with hardwood flooring, granite counter tops, new appliances (including dishwashers), and all new fixtures. All units have large decks or dedicated outdoor space. There are excellent views from the units and all units have working fireplaces. The roof is approximately five years old. 40 Corte Real is located on a 20,327 square foot lot, with approximately. 8,280 square feet of living space. 40 Corte Real provides both first time multifamily buyers and seasoned professionals an excellent, easy to maintain property in Greenbrae, one of Marin County’s best neighborhoods.

FOR SALE DETAILS

PRICE

$4,600,000 USD

PRICE/SF

$353 USD /SF

# OF UNITS

9

PRICE/UNIT

$511,111

CAP RATE

4.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1971

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

-

APN/PARCEL ID

022-283-04

ASK ABOUT THIS PROPERTY

Erich ReichenbachMarcus & MillichapMore Info
415-302-2144

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Erich ReichenbachMarcus & MillichapMore Info
415-302-2144

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