Showings by appointment only. Offering Memorandum available upon request. Contact Kate at (415) 259-9891 or kate@norcalre.com
Located in the heart of highly sought-after Marin County, this 65-unit multifamily community offers investors the rare combination of scale, location, and compelling long-term upside in one of the Bay Area’s most affluent and supply-constrained rental markets. Situated on approximately 2.18 acres across three parcels, the property is comprised of two well-maintained complexes, Woodland Park-32 units & Woodland Gardens-33 units, located just moments from downtown shopping, dining, public transit, and major commuter routes.
The property features a desirable and balanced unit mix consisting of 1 three-bedroom unit, 30 two-bedroom units, 32 one-bedroom units and 2 studio units, providing broad market appeal and durable occupancy fundamentals. Residents benefit from a strong amenity package including a swimming pool, multiple outdoor picnic and recreation areas, on-site laundry facilities, covered and open parking.
Recent capital improvements have significantly enhanced the asset’s condition and curb appeal, including vinyl dual-pane windows throughout, updated two-tone exterior paint, replastered swimming pool, new electrical subpanels and eight new roofs. The property presents an attractive blend of stabilized cash flow and future value-add potential through continued operational optimization and significant rental upside.
Opportunities to acquire a multifamily asset of this size in Marin County are exceptionally limited. With its premier Central Marin location, strong physical infrastructure, and attractive resident amenities, the property is well-positioned to benefit from continued demand drivers and long-term rental growth within one of Northern California’s most resilient apartment markets.