7 Merrydale Rd - Apartments FOR SALE


San Rafael, CA 94903- Civic Center
$2,675,000 USD
415-535-7414
7 Merrydale Rd, San Rafael, CA for Sale
$2,675,000 USD
Apartments - FOR SALE
1/16
null | 5.35% Cap Rate

7 Merrydale Rd
San Rafael, CA 94903
Civic Center


HIGHLIGHTS

  • ATTRACTIVE VALUE-ADD PRICING
  • STRONG IN-PLACE CASH FLOW
  • RENOVATED UNIT INTERIORS
  • PREMIER MARIN COUNTY LOCATION

OVERVIEW

7 Merrydale Road (the Property) is a multifamily asset built in 1965 situated on a generously sized lot and comprised of eight (8) units. The Property features a unit mix of five (5) one-bedroom/one-bathroom and three (3) two-bedroom/onebathroom floorplans. Several units have been tastefully renovated as tenants have turned, and recent capital improvements include new paint and wood paneling, new electrical subpanels, water heaters, and furnaces throughout, ensuring modern mechanical systems and reduced near-term capital requirements for an incoming investor. Each unit benefits from its own individual water heater and furnace, providing residents with independent climate and utility control — a meaningful amenity that limits owner utility exposure and enhances tenant satisfaction. The Property also features on-site laundry and commanding views of the surrounding Marin hillsides, adding to its strong appeal among prospective renters. Merrydale View’s premier location in San Rafael positions it at the heart of oneof the most desirable residential communities in Marin County. Residents enjoy convenient access to Highway 101 and proximity to major employment centers across the North Bay and broader Bay Area, while benefiting from the exceptional quality of life Marin is renowned for — including top-rated schools, abundant open space, and a vibrant dining and retail scene along 4th Street in Downtown San Rafael.

FOR SALE DETAILS

PRICE

$2,675,000 USD

PRICE/SF

$447 USD /SF

# OF UNITS

8

PRICE/UNIT

$334,375

CAP RATE

5.35%

% LEASED

88%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Merrydale View

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.5 AC

LAND SF

21,780 SF

ZONING

-

APN/PARCEL ID

179-222-15

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.