NOT LISTED FOR SALE
24 Beds
-- Bath
15,858 Sq Ft
0.41 Acres

Last Sold September 21, 2016

Last sale price $4,260,000 $269 Per Sq Ft

37 Days on Market

Highlights

  • 0.41 Acre Lot
  • View of Hills
  • Fenced Yard
  • Terra Linda High School Rated A-
  • Engineered Wood Flooring
  • Solar Water Heater

About This Home

As of September 2016

Located in Terra Linda on a dead-end street about halfway between downtown San Rafael and Northgate Mall. Backyard lawn and barbecue patio area. Units well maintained but most could be modernized to yield significantly higher rents. Eighteen ground-level storage rooms; one for each unit. Dual-pane windows installed in all units in 2014. Solar-assisted central hot water system. All units have decks. All upper units have living room skylight.

Last Agent to Sell the Property

Tom Davey

Tom Davey License #00972830 Listed on: 06/20/2016

Last Buyer's Agent

Non-Member 999999

Non-member Office

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 0.41 Acre Lot
  • Fenced Yard
  • Garden

Property Views

  • Hills
  • Park or Greenbelt

Home Design

  • Garden Apartment
  • Slab Foundation

Flooring

  • Engineered Wood
  • Carpet

Parking

  • 12 Open Parking Spaces
  • 19 Carport Spaces
  • Off-Street Parking

Utilities

  • Wall Furnace
  • Natural Gas Connected
  • Individual Gas Meter
  • Gas Water Heater
  • High Speed Internet
  • Internet Available
  • Cable TV Available
  • TV Antenna

Additional Features

  • Washer and Dryer
  • Solar Water Heater
  • Playground

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 179-222-17

Community Details

Overview

  • 2 Buildings
  • 18 Units

Additional Features

  • Laundry Facilities
  • Gross Income $316,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Garden Apartments
  • Directions To Property: 101 to North San Pedro Road to Merrydale Road.
  • Lot Size Acres: 0.4098
  • CapRate: 4.35
  • Actual or Scheduled: Actual
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Gas Water Heater, Solar Water Heater
  • Flooring: Carpet, LVYN, Simulated Wood
  • NumberOfBuildings: 2

Exterior Features

  • Foundation: Slab
  • Lot Features: Garden
  • Roof: Other
  • ExteriorFeatures: Fenced Yard, Play Area
  • View: Garden/Greenbelt, Hills

Garage/Parking

  • Parking Features: Carport, Off Street
  • Carport Spaces: 19
  • Number Of Guest Spaces: 12
  • OpenParkingSpaces: 12

Utilities

  • Security Features: Other, Smoke Detector
  • Sewer: Public Sewer
  • Utilities: Dish Antenna, Cable Available, DSL Available, Internet Available, All Electric, Natural Gas Connected, PGEE, Cable Connected
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: Coin Operated, Washer/Dryer Owned
  • Separate Meters: Electricity, Gas

Association/Amenities

  • Association Features: Other

Lot Info

  • Assessor Parcel Number: 179-222-17
  • Lot Size Sq Ft: 17851

Rental Info

  • TenantPays: Electricity, Gas

Building Info

  • Year Built: 1962

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: 1,300-1,625
  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: 1,575-1,600
  • Number Of1 Bedrooms Occupied: 12
  • Number of 1 Bedroom Units: 12
  • Number Of2 Bedrooms Occupied: 6
  • Number of 2 Bedroom Units: 6
  • NumberOfUnitsTotal: 18

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 Change Sq Ft Price
09/21/2016 09/21/16 Sold $4,260,000 0.0% $269 / Sq Ft
07/27/2016 07/27/16 Pending -- -- --
06/20/2016 06/20/16 For Sale $4,260,000 -- $269 / Sq Ft
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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Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21614536

Bay Area Real Estate Information Services (BAREIS)

APN: 179-222-17