517 B St - Multi-Family FOR SALE


San Rafael, CA 94901- Gerstle Park
$3,450,000 USD
925-330-3642
517 B St, San Rafael, CA for Sale
$3,450,000 USD
Multi-Family - FOR SALE
1/19
null | 5.2% Cap Rate

517 B St
San Rafael, CA 94901
Gerstle Park


HIGHLIGHTS

  • High Yield In-Place
  • Ideal San Rafael Location
  • Major Capital Improvements

OVERVIEW

CBRE, as exclusive listing agent, is pleased to present the opportunity to own the Brookside Apartments, a boutique multifamily property located in the Gerstle Park market of San Rafael. The property was built in 1975 and boats 10 one-bedroom, one-bathroom units on a quiet street near downtown San Rafael. The location attracts high-quality tenants with substantial rental upside through programmatic A+ finishes. This opportunity boasts high in-place rents and ownership has done significant capital improvements including, but not limited to, seismic retrofit completed, roof replaced with 60mil TPO, SB 721 Balcony Inspection & repairs completed. The Brookside Apartments is a nearly turnkey investment with rental upside. Please contact the CBRE listing team for additional information or to schedule a property tour.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$653 USD /SF

# OF UNITS

10

PRICE/UNIT

$345,000

CAP RATE

5.2%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Brookside Apartments

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1975

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,809 SF

ZONING

-

APN/PARCEL ID

012-157-23

ASK ABOUT THIS PROPERTY

Ben MollahanCBREMore Info
925-330-3642

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Ben MollahanCBREMore Info
925-330-3642

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