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

Sale Details

Date Sold: August 10, 2023

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

42 Days on Market

Highlights

  • Wood Burning Stove
  • Simulated Wood
  • 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
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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

  • Simulated Wood
  • 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
  • Separate Meters
  • Individual Gas Meter
  • Property is located within a water district

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

5,000 Sq Ft Lot

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

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

Listed on
Jun 21, 2023
Closed on
Aug 3, 2023
Sold by
Bought by
Seller's Agent
Theresa Spindler
Holmes Burrell Real Estate
Buyer's Agent
Helen Luttemo
Coldwell Banker Realty
List Price
$2,495,000
Sold Price
$2,300,000
Premium/Discount to List
-$195,000
-7.82%
Views
22

Purchase Details

Closed on
Jan 29, 2020
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
$720,000
Interest Rate
3.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 22, 2015
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
$800,000
Interest Rate
3.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 2013
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
$431,250
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 2013
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
$431,250
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2013
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
$431,250
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 30, 2008
Sold by
Bought by

Purchase Details

Closed on
Aug 12, 1998
Sold by
Bought by

Purchase Details

Closed on
Feb 14, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Gerstle Park, CA

See All Agents

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
$2,300,000 Old Republic Title
-- Old Republic Title Company
$1,485,000 First American Title
-- Old Republic Title Company
$575,000 Old Republic Title Company
-- Old Republic Title Company
-- None Available
$400,000 Old Republic 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
Previous Owner $720,000
Previous Owner $800,000
Previous Owner $700,000
Previous Owner $431,250
Previous Owner $84,000
Previous Owner $628,600
Previous Owner $63,800
Previous Owner $465,000
Previous Owner $465,000
Previous Owner $465,000
Previous Owner $50,000
Previous Owner $384,000
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
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 -- $1,170 / 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 $35,037 $2,392,839 $1,300,500 $1,092,339
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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 323041662

Bay Area Real Estate Information Services (BAREIS)

APN: 012-076-16

Your Personal Tour Guide

Ask me questions while you tour the home.