NOT LISTED FOR SALE
2 Beds
8 Baths
2,132 Sq Ft
5,000 Sq Ft Lot

Last Sold August 10, 2023

Last sale price $2,300,000 $1,079 Per Sq Ft

42 Days on Market

Highlights

  • Wood Burning Stove
  • Engineered Wood Flooring
  • Landscaped
  • Terra Linda High School Rated A-
  • Skylights
  • 3-minute walk to Albert Park

About This Home

As of August 2023

Welcome to this excellent opportunity to purchase this beautiful 5-Plex Property, in a desirable neighborhood of the Gerstle Park in San Rafael. This well-cared unit consists of (2) studios,(1) studio plus loft, and (2) one-bedroom. All the units show well and all are in excellent condition. It can be rented long or mid-term rents. The building and landscape ground is in excellent condition-reflects the continued meticulous maintenance by the owners, based on their pride in ownership-including the repairs and upkeep. The location is a short walk from the vibrant & eclectic downtown business & shopping district with its lively blend of Victorian buildings, ethnic restaurants, coffee shops, micro-breweries, wine bars, theater & public transportation. A short drive to Highway-101 finds access to SF, the East Bay, Silicon Valley, the North Bay & the Wine Country. Best location and one of the highest-demand rental markets in Northern California and is an excellent investment.

Last Agent to Sell the Property

Theresa Spindler

Holmes Burrell Real Estate License #01073724 Listed on: 06/21/2023

Co-Listed By

Heydar Tony Pourian, PhD

W Real Estate License #02036030

Last Buyer's Agent

Helen Luttemo

Coldwell Banker Realty License #01386035

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1892 | Remodeled

Lot Details

  • 5,000 Sq Ft Lot
  • Landscaped
  • Sprinkler System

Home Design

  • Side-by-Side
  • Shingle Roof
  • Composition Roof

Interior Spaces

  • 2 Bedrooms
  • 2,132 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Skylights
  • Wood Burning Stove

Kitchen

  • Free-Standing Gas Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Engineered Wood
  • Carpet
  • Vinyl

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 3 Open Parking Spaces
  • 3 Parking Spaces
  • Off-Street Parking

Utilities

  • Baseboard Heating
  • Individual Gas Meter

Community Details

  • 5 Units
  • Laundry Facilities
  • Gross Income $172,530

Listing and Financial Details

  • Assessor Parcel Number 012-076-16

Property Details

Home Type

Multi-Family

Year Built

Built in 1892 | Remodeled

Lot Details

0

Listing Details

  • Interior Amenities: Skylight(s)
  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: Take Central San Rafael exit (Left) on 3rd Street (left) on C Street.
  • Lot Size Acres: 0.1148
  • Stories: 2
  • CapRate: 5.10
  • Actual or Scheduled: Actual
  • ArchitecturalStyle: Other
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Free Standing Electric Range, Free Standing Gas Oven, Free Standing Refrigerator, Gas Cook Top, Microwave
  • Flooring: Carpet, Simulated Wood, Vinyl, Wood
  • Price Per Square Foot: 1078.80
  • Square Footage: 2132.00
  • NumberOfBuildings: 1

Exterior Features

  • Lot Features: Auto Sprinkler F&R, Landscape Front
  • Property Condition: Updated/Remodeled, Varies By Unit
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Off Street, Side-by-Side
  • Total Parking Spaces: 3.00
  • Independent Parking Spaces: 3
  • OpenParkingSpaces: 3.00

Utilities

  • Cooling: Ceiling Fan(s)
  • Security Features: Carbon Mon Detector, Smoke Detector
  • Sewer: Public Sewer
  • Water Source: Public, Water District
  • Heating: Baseboard, Wood Stove, Other
  • Laundry Features: Coin Operated, In Common Area
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 012-076-16
  • Lot Size Sq Ft: 5000.00

Building Info

  • Year Built: 1892

Multi Family

  • Number of 1 Bedroom Units: 2
  • Number of Studio Units: 3
  • NumberOfUnitsTotal: 5

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 Prior Sale
08/10/2023 08/10/23 Sold $2,300,000 -7.8% $1,079 / Sq Ft
08/02/2023 08/02/23 Pending -- -- --
06/21/2023 06/21/23 For Sale $2,495,000 +333.9% $1,170 / Sq Ft
01/18/2013 01/18/13 Sold $575,000 0.0% $288 / Sq Ft View Prior Sale
12/26/2012 12/26/12 Pending -- -- --
09/18/2012 09/18/12 For Sale $575,000 -- $288 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $35,037 $2,345,960 $1,275,000 $1,070,960
2024 $33,974 $2,300,000 $1,250,000 $1,050,000
2023 $26,697 $1,715,086 $981,877 $733,209
2022 $25,363 $1,681,497 $962,625 $718,872
2021 $24,993 $1,648,574 $943,755 $704,819
2020 $24,825 $1,631,698 $934,082 $697,616
2019 $24,011 $1,599,754 $915,773 $683,981
2018 $23,816 $1,568,433 $897,821 $670,612
2017 $23,005 $1,537,720 $880,217 $657,503
2016 $22,181 $1,507,615 $862,962 $644,653
2015 $12,199 $674,101 $433,410 $240,691
2014 $10,660 $577,601 $424,920 $152,681
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 323041662

Bay Area Real Estate Information Services (BAREIS)

APN: 012-076-16