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75 Woodland Avenue

San Rafael, CA 94901
  • $3,670,000
  • STATUS: Active Under Contract
  • ON SITE: 25 Days
  • ID#: 324008006
Under Contract
UPDATED: 22 min ago
$3,670,000
  • 1
    BEDS
  • 0.21
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 4,498
    SQFT
  • $816
    $/SQFT
Neighborhood:
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

Woodland Apartments presents a compelling opportunity to acquire a stabilized multifamily asset with substantial rental upside. The property is conveniently located less than 1 mile from downtown San Rafael and immediately proximate to neighborhood retail and employment opportunities. The property is comprised of two 8-unit residential buildings, on two adjoining parcels, that mirror one another across a central driveway and parking area. The combined unit mix incudes (8) studio apartments, (4) 1-bed/1-bath apartments, and (4) 2-bed/1-bath apartments. The buildings benefit from recent upgrades - nine of the units have been updated since 2018 with select units being improved with new paint, flooring, cabinetry, countertops, lighting, dual-pane windows, and stainless steel appliances. Seven of the current tenants have resided at the property for five or more years, a testament to the desirability of the property and its location. Woodland Apartments is a bread and butter investment asset, positioned to provide its new owner with immediate, reliable cash flow and long term appreciation in a highly constrained, blue-chip Bay Area submarket.

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© 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Excellerate Real Estate. Data last updated: 2024-03-04T08:57:10.727.
www.solanoregroup.com/homes/147375793
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75 Woodland Avenue San Rafael, CA 94901

  • Price: $3,670,000
  • Status: Active Under Contract
  • On Site: 25 Days
  • Updated: 22 min ago
  • ID#: 324008006
1
Beds
1
Baths
0
½ Baths
0.21
Acres
4,498
SQFT
$816
$/SQFT
Neighborhood:
San Rafael
County:
Marin
Area:
San Rafael
Property Description
Woodland Apartments presents a compelling opportunity to acquire a stabilized multifamily asset with substantial rental upside. The property is conveniently located less than 1 mile from downtown San Rafael and immediately proximate to neighborhood retail and employment opportunities. The property is comprised of two 8-unit residential buildings, on two adjoining parcels, that mirror one another across a central driveway and parking area. The combined unit mix incudes (8) studio apartments, (4) 1-bed/1-bath apartments, and (4) 2-bed/1-bath apartments. The buildings benefit from recent upgrades - nine of the units have been updated since 2018 with select units being improved with new paint, flooring, cabinetry, countertops, lighting, dual-pane windows, and stainless steel appliances. Seven of the current tenants have resided at the property for five or more years, a testament to the desirability of the property and its location. Woodland Apartments is a bread and butter investment asset, positioned to provide its new owner with immediate, reliable cash flow and long term appreciation in a highly constrained, blue-chip Bay Area submarket.
Exterior Features

Carport Spaces 0 Covered Spaces 0 Independent Parking Spaces 0 Lot Features None Open Parking Spaces 0 Parking Features Off StreetSide-by-SideUncovered Parking Total 18 Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 4 2 Bedroom Units Total 4 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling Ceiling Fan(s)None Heating Wall Furnace Laundry Features Other Studio Units Total 8

Property Features

Association Fee 0 Association YN No Auction No Gross Income 0 Property Sub Type 5 or More Units Property Type ResidentialIncome Sewer Public Sewer Subtype Description Apartments Water Source Public

Listing information © 2024 Bay Area Real Estate Information Services. Listing courtesy of John W Garrett of Marcus & Millichap: .


© 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Excellerate Real Estate. Data last updated: 2024-03-04T08:57:10.727.
 
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