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Matt Cossell

matt@mattcossellteam.com +1(408) 761-3271

Listed by Adam Foley • CBRE, Inc., DRE#02144332

$6,110,000

Est. payment - /mo

3 Beds

2 Baths

13,040 SqFt

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Open House

Wed Jul 29, 11:30am - 12:30pm

UPDATED:

Key Details

Property Type Commercial

Sub Type Five or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 13,040 sqft

Price per Sqft $468

MLS Listing ID ML82051074

Bedrooms 3

Full Baths 2

Year Built 1965

Lot Size 1,840 Sqft

Property Sub-Type Five or More Units

Property Description

Del Mesa Apartments (The Property) is a Pride of Ownership 18-unit Multifamily investment opportunity in Gerstle Park neighborhood, widely considered the A+ area of San Rafael. The Property features a well-maintained unit mix of twelve (12) one-bedroom, one-bathroom units and six (6) two-bedroom, one-bathroom units across a single three-story building set on a .042 acre parcel. Ownership has completed meaningful renovations over the last decade with remaining upside through continued in-unit upgrades and rent growth to market across the balance of the units. Del Mesa Apartments is situated in Gerstle Park, one of San Rafaels most coveted residential enclaves. The neighborhood is characterized by mature tree canopy, well-maintained streetscapes, and a quiet, upscale character that distinguishes it from more commercially active San Rafael corridors. Gerstle Park consistently ranks among he citys most desirable and safest neighborhoods, attracting long-term, quality tenants.

Location

State CA

County Marin

Area San Rafael

Interior

Heating Electric

Cooling Window / Wall Unit

Exterior

Parking Features Assigned Spaces

Pool Pool - In Ground

Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities

Roof Type Bitumen,Flat / Low Pitch

Building

Foundation Crawl Space

Sewer Sewer - Public

Water Public

Others

Restrictions None

Tax ID 012-222-07

Security Features None

Special Listing Condition Not Applicable

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Matt Cossell

+1(408) 761-3271

Top 1% Realtor | License ID: 01382971

Top 1% Realtor License ID: 01382971

247 D San Rafael, CA 94901

Matt Cossell

Open House

Key Details

Location

Interior

Exterior

Building

Others