$8,500,000

801 Meadowsweet Dr Corte Madera, CA 94925

Estimated payment $51,102/month

Total Views 15,897
4 Beds
5 Baths
16,237 Sq Ft
$523 Price per Sq Ft

Highlights

  • 0.59 Acre Lot
  • Mountain View
  • Central Heating
  • Neil Cummins Elementary School Rated A
  • Garden
  • Laundry Facilities

About This Home

The subject property is a well-located 19-unit apartment complex situated on approximately 0.59 acres in the highly desirable community of Corte Madera, California. The property features an appealing unit mix, consisting of eighteen two-bedroom, one-bathroom units and one two-bedroom, two-bath unit. All units enjoy access to on-site storage, outdoor space, including balconies or patios, a well-maintained common area, on-site laundry facilities, and landscaped grounds that contribute to a relaxed, residential atmosphere. The building is ideally positioned near major transportation routes, top-rated schools, dining, and abundant outdoor recreational opportunities. Ample tenant and guest parking further enhances the property's accessibility and convenience. 801 Meadowsweet Drive provides an attractive blend of stable income, future upside potential, and pride of ownership in a premier Marin County location. Given its strong unit mix, lifestyle appeal, and proximity to the natural beauty of Mt. Tamalpais and the broader North Bay, this asset presents an exceptional opportunity for both new and experienced multifamily investors seeking long-term value and growth.

Listing Agent

Erich Reichenbach

Marcus & Millichap Real Estate License #01860626 Listed on: 01/26/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 0.59 Acre Lot
  • Garden

Property Views

  • Mountain
  • Mount Tamalpais

Interior Spaces

  • 4 Bedrooms
  • 16,237 Sq Ft Home
  • 2-Story Property

Parking

  • 19 Parking Spaces
  • Uncovered Parking

Utilities

  • No Cooling
  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 025-181-26

Community Details

Overview

  • 2 Buildings
  • 19 Units

Additional Features

  • Laundry Facilities
  • Gross Income $637,020

Property Details

Home Type

Multi-Family

Year Built

Built in 1960 | Remodeled

Lot Details

0.59 Acres

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: 801 Meadowsweet Drive
  • Lot Size Acres: 0.5916
  • CapRate: 4.78
  • Levels: Two
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Square Footage: 16237.00
  • NumberOfBuildings: 2

Exterior Features

  • Lot Features: Garden, Shape Regular
  • Property Condition: Updated/Remodeled
  • View: Mountains, Mt Tamalpais

Garage/Parking

  • Parking Features: Uncovered
  • Total Parking Spaces: 19.00

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central
  • Laundry Features: Coin Operated

Lot Info

  • Assessor Parcel Number: 025-181-26
  • Lot Size Sq Ft: 25770.00

Building Info

  • Year Built: 1960

Multi Family

  • Two Bedroom Rent Range: 2695-2846
  • NumberOfUnitsTotal: 19

Map

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

Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $89,341 $5,693,886 $3,521,016 $2,172,870
2024 $83,035 $5,582,416 $3,451,992 $2,130,424
2023 $77,940 $5,473,127 $3,384,319 $2,088,808
2022 $77,450 $5,365,969 $3,317,966 $2,048,003
2021 $76,432 $5,260,946 $3,252,935 $2,008,011
2020 $76,513 $5,207,090 $3,219,586 $1,987,504
2019 $73,016 $5,105,175 $3,156,480 $1,948,695
2018 $72,645 $5,005,254 $3,094,608 $1,910,646
2017 $73,532 $4,907,282 $3,033,943 $1,873,339
2016 $69,910 $4,713,174 $2,974,456 $1,738,718
2015 $70,598 $4,539,089 $2,929,790 $1,609,299
2014 $66,820 $4,380,000 $2,872,400 $1,507,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/26/2026 01/26/26 For Sale $8,500,000 +94.1% $523 / Sq Ft
09/30/2013 09/30/13 Sold $4,380,000 0.0% $342 / Sq Ft View Prior Sale
09/17/2013 09/17/13 Pending -- -- --
06/19/2013 06/19/13 For Sale $4,380,000 -- $342 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 326006128

Bay Area Real Estate Information Services (BAREIS)

APN: 025-181-26

Your Personal Tour Guide

Ask me questions while you tour the home.