247 D, San Rafael, CA 94901
- $5,900,000
- 13,040
- SqFt
Listed by Adam Foley, 415-535-7414 from CBRE, Inc.
(If provided) CoList: from
- List Price
- $5,900,000
- Price Change
- ▼ $210,000 1785963557
- MLS#
- ML82051074
- Status
- ACTIVE
- Sqft. of Residence
- 13,040
- Lot Size
- 1,840
- Listing Area
- San Rafael
- Year Built
- 1965
Property Description
Del Mesa Apartments (The Property) is a Pride of Ownership 18-unit Multifamily investment opportunity in Gerstle Park neighborhood, widely considered the A+ area of San Rafael. The Property features a well-maintained unit mix of twelve (12) one-bedroom, one-bathroom units and six (6) two-bedroom, one-bathroom units across a single three-story building set on a .042 acre parcel. Ownership has completed meaningful renovations over the last decade with remaining upside through continued in-unit upgrades and rent growth to market across the balance of the units. Del Mesa Apartments is situated in Gerstle Park, one of San Rafaels most coveted residential enclaves. The neighborhood is characterized by mature tree canopy, well-maintained streetscapes, and a quiet, upscale character that distinguishes it from more commercially active San Rafael corridors. Gerstle Park consistently ranks among he citys most desirable and safest neighborhoods, attracting long-term, quality tenants.
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Additional Information
- Cooling System
- Window / Wall Unit
- Foundation
- Crawl Space
- Garage Parking
- Assigned Spaces
- Heating System
- Electric
- Living Area
- 13,040
- Lot Size
- 1,840
- Neighborhood
- San Rafael
- Other Utilities
- Individual Electric Meters, Individual Gas Meters, Public Utilities
- Pool Description
- Pool - In Ground
- Roof
- Bitumen, Flat / Low Pitch
- Sewer
- Sewer - Public
- Unincorporated Yn
- Yes
- Zoning
- n/a
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