NOT LISTED FOR SALE
6 Beds
10 Baths
3,200 Sq Ft
3,999 Sq Ft Lot

Sale Details

Date Sold: October 18, 2021

Last sale price $1,755,000 $548 Per Sq Ft

26 Days on Market

Highlights

  • Fireplace
  • Storage
  • Baseboard Heating
  • Terra Linda High School Rated A-
  • Landscaped
  • 4-minute walk to Gerstle Park

About This Home

As of October 2021

The subject property is 4-unit multifamily property located in the Gerstle Park neighborhood. The property offers a two-story residential building, consisting of 2 two-bedroom, one-bath units and 2 one-bedroom, one-bath units. The units have been completely remodeled, with new electrical and plumbing systems and the building's sewer lateral has been replaced. There are additional opportunities to enhance the exterior of the building and capture significantly higher rents. The subject property provides both first time multifamily buyers and seasoned professionals an excellent, easy to maintain property in one of Marin County's strongest rental markets.

Last Agent to Sell the Property

Erich Reichenbach

Marcus & Millichap Real Estate License #01860626 Listed on: 09/13/2021

Last Buyer's Agent

Gregory Corvi

Coldwell Banker Realty License #01314816

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 3,999 Sq Ft Lot
  • Landscaped

Parking

  • 3 Open Parking Spaces
  • 1 Car Garage
  • Off-Street Parking

Home Design

  • Quadruplex

Interior Spaces

  • 6 Bedrooms
  • 3,200 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Storage

Utilities

  • No Cooling
  • Baseboard Heating
  • Separate Meters
  • Individual Gas Meter

Community Details

  • 4 Units
  • Laundry Facilities
  • Gross Income $106,800

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas
  • Assessor Parcel Number 012-192-02

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

3,999 Sq Ft Lot

Parking

1

Listing Details

  • Interior Amenities: Storage Area(s)
  • Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Apartments
  • Directions To Property: 4th Street to C STreet
  • Lot Size Acres: 0.0918
  • Stories: 2
  • CapRate: 4.20
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Price Per Square Foot: 548.44
  • Square Footage: 3200
  • NumberOfBuildings: 1

Exterior Features

  • Lot Features: Landscape Front, Sidewalk

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 4
  • Garage Spaces: 1
  • OpenParkingSpaces: 3

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Baseboard, Fireplace(s)
  • Laundry Features: Coin Operated
  • Separate Meters: Electricity, Gas

Condo/Co-op/Association

  • Association: No

Lot Info

  • Assessor Parcel Number: 012-192-02
  • Lot Size Sq Ft: 3999

Rental Info

  • TenantPays: Cable TV, Electricity, Gas

Building Info

  • Year Built: 1950

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: 1950-1875
  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: 2475-2600
  • Number Of1 Bedrooms Occupied: 100
  • Number of 1 Bedroom Units: 2
  • Number Of2 Bedrooms Occupied: 100
  • NumberOfUnitsTotal: 4

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2021
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,228,500
Interest Rate
0.0299%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 13, 2021
Closed on
Nov 19, 2021
Sold by
Bought by
Seller's Agent
Erich Reichenbach
Marcus & Millichap Real Estate
Buyer's Agent
Gregory Corvi
Coldwell Banker Realty
List Price
$1,755,000
Sold Price
$1,755,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,228,500
Interest Rate
0.0299%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 13, 2021
Closed on
Oct 11, 2021
Sold by
Bought by
Seller's Agent
Erich Reichenbach
Marcus & Millichap Real Estate
Buyer's Agent
Gregory Corvi
Coldwell Banker Realty
List Price
$1,755,000
Sold Price
$1,755,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,228,500
Interest Rate
0.0299%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 5, 2021
Sold by
Bought by

Purchase Details

Closed on
Jun 24, 2021
Sold by
Bought by

Purchase Details

Closed on
Oct 30, 2012
Sold by
Bought by

Purchase Details

Closed on
Apr 8, 1994
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- None Available
-- Fidelity National Title Co
$1,755,000 Fidelity National Title Co
-- None Listed On Document
-- --
-- None Available
$811,363 Pacific Coast Title Company
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,228,500
Previous Owner $1,228,500
Previous Owner $225,000
Previous Owner $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
10/18/2021 10/18/21 Sold $1,755,000 0.0% $548 / Sq Ft
10/09/2021 10/09/21 Pending -- -- --
09/13/2021 09/13/21 For Sale $1,755,000 -- $548 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $29,073 $1,899,514 $1,271,843 $627,671
2025 $29,073 $1,862,308 $1,246,910 $615,398
2024 $27,991 $1,825,837 $1,222,470 $603,367
2023 $27,342 $1,790,068 $1,198,500 $591,568
2022 $25,959 $1,755,000 $1,175,000 $580,000
2021 $11,875 $548,632 $261,269 $287,363
2020 $11,769 $543,027 $258,592 $284,435
2019 $11,298 $532,411 $253,522 $278,889
2018 $11,217 $522,004 $248,551 $273,453
2017 $10,924 $511,803 $243,679 $268,124
2016 $10,567 $501,801 $238,902 $262,899
2015 $10,130 $494,289 $235,314 $258,975
2014 $9,624 $484,638 $230,705 $253,933
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321087978

Bay Area Real Estate Information Services (BAREIS)

APN: 012-192-02

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