801 Meadowsweet - Apartments FOR SALE


Corte Madera, CA 94925- Outer Mill Vly/Corte Madera/Sausalito
$8,500,000 USD
415-302-2144
801 Meadowsweet, Corte Madera, CA for Sale
$8,500,000 USD
Apartments - FOR SALE
1/8
null | 4.78% Cap Rate


HIGHLIGHTS

  • Attractive Two-Bedroom Units with Rental Upside
  • Prime Marin County Location, Walk to Shopping, Entertainment, Dining, Schools and Transportation
  • Strong Tenant Demand & Demographics, Highly Occupied Submarket
  • Compelling Valuation, Attractive Financing Environment
  • Professionally Managed and Maintained, Turnkey Asset
  • Highly Sought After Corte Madera Outdoor Lifestyle Appeal

OVERVIEW

801 Meadowsweet Drive is a charming, boutique-style rental community located in the prestigious town of Corte Madera, one of Marin County’s most sought-after neighborhoods. Known for its small-town charm, affluence, and proximity to both nature and urban convenience, Corte Madera offers an exceptional quality of life. The property is ideally located just 12 miles north of San Francisco, with convenient access to Highway 101 and the Golden Gate Bridge, as well as eastbound connectivity via Highway 580 and the Richmond–San Rafael Bridge. This central location allows residents to enjoy a peaceful, low-density environment while remaining within commuting distance to major Bay Area job centers. The 19-unit complex features an attractive unit mix of spacious two-bedroom, one-bath and two-bedroom, 2-bath apartment homes. All units have benefited from recent upgrades and/or remodeled units, including kitchen and baths. Residents benefit from amenities including on-site storage, lushly landscaped grounds, on-site laundry facilities, and abundant parking with dedicated guest spaces. Each unit offers comfortable floor plans and a relaxing setting that reflects the indoor-outdoor lifestyle long associated with Marin living. Situated on approximately 0.59 acres, 801 Meadowsweet Drive is located just minutes from Corte Madera Town Center and The Village at Corte Madera—two of Marin’s premier shopping and dining destinations. The community enjoys access to excellent public schools, abundant outdoor activities including hiking and biking trails, and proximity to the scenic natural beauty of Mount Tamalpais and the surrounding open space preserves. Corte Madera, with a population of just under 10,000, is recognized for its high quality of life, strong median household income, and enduring real estate values. Whether it’s kayaking along local waterways, enjoying nearby parks, or commuting into the city, residents of 801 Meadowsweet Drive enjoy a lifestyle that is both convenient and serene, making this an outstanding opportunity for investors seeking a well-located, income-producing asset in Marin County.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$503 USD /SF

# OF UNITS

19

PRICE/UNIT

$447,368

CAP RATE

4.78%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,700 SF

ZONING

-

APN/PARCEL ID

025-181-26

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 Policy.