NOT LISTED FOR SALE
15 Beds
-- Bath
-- Sq Ft
8,999 Sq Ft Lot

Last Sold March 02, 2021

Last sale price $3,325,000

15 Days on Market

Highlights

  • View of Hills
  • Contemporary Architecture
  • 4 Car Garage
  • Sun Valley Elementary School Rated A-
  • Landscaped
  • 5-minute walk to Gerstle Park

About This Home

As of March 2021

This 9-unit multifamily property is located in the prime neighborhood of Gerstle Park in San Rafael. This corner lot property has a highly desirable unit mix of (3) two bedroom/one bath, (1)two bedroom/1.5 bath, (4) one bedroom/one bath and (1) three bedrooms/two bath. Recent major capital items include upgraded walkways with new waterproofing, metal railings all around, roof and updated landscaping and some exterior paint. Five of the units have been extensively updated. The units are spacious with some featuring fireplaces, small decks and private storage. Parking is split into carport and enclosed shared garage spaces. The open courtyard with minimal landscaping gives this building a low maintenance design. This property is approximately a mile to the transit center and SMART TRAIN. In addition, endless outdoor activities are easily accessed with China Camp only a few miles away providing many usable trails.

Last Agent to Sell the Property

Laura Odisio

Compass License #01249475 Listed on: 02/03/2021

Compass

Co-Listed By

Samuel Ko

Meridian Commercial License #01894341

Last Buyer's Agent

Samuel Ko

Meridian Commercial License #01894341

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1965

Lot Details

  • 8,999 Sq Ft Lot
  • Landscaped

Parking

  • 4 Car Garage
  • Carport

Home Design

  • Contemporary Architecture
  • Side-by-Side
  • Concrete Foundation
  • Bitumen Roof

Flooring

  • Carpet
  • Linoleum

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Utilities

  • No Cooling
  • Individual Gas Meter
  • Internet Available

Additional Features

  • Views of Hills
  • Free-Standing Electric Range
  • Leased Washer and Dryer

Community Details

  • 9 Units
  • Laundry Facilities
  • Gross Income $220,680

Listing and Financial Details

  • Tenant pays for electricity
  • Assessor Parcel Number 012-172-10

Property Details

Home Type

Multi-Family

Year Built

Built in 1965

Lot Details

0

Parking

4

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: Take D Street to Ross St.
  • Lot Size Acres: 0.2066
  • CapRate: 4.29
  • Signs: Yes
  • Actual or Scheduled: Actual
  • ArchitecturalStyle: Contemporary
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Free Standing Electric Range, Free Standing Refrigerator
  • Flooring: Carpet, Linoleum, Varies By Unit
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete Perimeter
  • Lot Features: Landscape Front, Sidewalk
  • Roof: Bitumen
  • View: Hills

Garage/Parking

  • Parking Features: Carport, Covered, Garage, Side-by-Side
  • Total Parking Spaces: 6
  • Garage Spaces: 4

Utilities

  • Cooling: None
  • Security Features: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Internet Available
  • Water Source: Water District
  • Heating: Varies By Unit
  • Laundry Features: Coin Operated, Washer/Dryer Leased
  • Separate Meters: Electricity, Gas

Condo/Co-op/Association

  • Association: No

Lot Info

  • Assessor Parcel Number: 012-172-10
  • Lot Size Sq Ft: 8999

Rental Info

  • TenantPays: Electricity

Building Info

  • Year Built: 1965

Multi Family

  • 1 Bedroom Rent Range: 1525-1795
  • Two Bedroom Rent Range: 1625-2525
  • Three Bedroom Rent Range: 2500
  • Number Of1 Bedrooms Occupied: 2
  • Number of 1 Bedroom Units: 4
  • Number Of2 Bedrooms Occupied: 4
  • Number of 2 Bedroom Units: 4
  • Number Of3 Bedrooms Occupied: 1
  • Number of 3 Bedroom Units: 1
  • NumberOfUnitsTotal: 9

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/02/2021 03/02/21 Sold $3,325,000 0.0% --
02/18/2021 02/18/21 Pending -- -- --
02/03/2021 02/03/21 For Sale $3,325,000 -- --
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321000764

Bay Area Real Estate Information Services (BAREIS)

APN: 012-172-10