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    1400 2nd Street

    San Rafael, CA 94901
    • $2,485,000
    • STATUS: Active
    • ON SITE: 93 days
    • ID#: 22013815
    UPDATED: 36 min ago
    $2,485,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,425
      SQFT
    • $458
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    County:
    Area:

    School Ratings & Info

    Description

    Located on a corner lot in downtown San Rafael, this 9-unit mixed-use property provides an opportunity for a new or experienced investor to own a fully stabilized asset in coveted Marin County. Featuring a unique unit mix of a 1BR/1BA detached cottage, four 1BR/1BA apartment units, and four commercial spaces, this property has been consistently upgraded and improved under the current ownership. With a high demand location and easy to rent units this incredibly stable asset will continue to generate consistent cash flow in a thriving Marin County community. Three of the residential units, including the detached cottage, have fully remodeled kitchens including cabinets, countertops, appliances and fixtures. Two of those units also have remodeled bathrooms, new flooring and new paint. The four commercial units consist of an architect's office, an insurance brokerage, a custom seamstress and a consultant's office. (Also listed as MLS #22014911 in the Commercial Mixed-Use category).

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    © 2020 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 Zephyr Real Estate. Data last updated: 2020-09-20T14:56:00.17.
    www.teamobrienre.com/homes/106996748
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    1400 2nd Street San Rafael, CA 94901

    • Price: $2,485,000
    • Status: Active
    • Updated: 36 min ago
    • ID#: 22013815
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.11
    Acres
    5,425
    SQFT
    $458
    $/SQFT
    Neighborhood:
    San Rafael
    County:
    Marin
    Area:
    San Rafael
    Property Description
    Located on a corner lot in downtown San Rafael, this 9-unit mixed-use property provides an opportunity for a new or experienced investor to own a fully stabilized asset in coveted Marin County. Featuring a unique unit mix of a 1BR/1BA detached cottage, four 1BR/1BA apartment units, and four commercial spaces, this property has been consistently upgraded and improved under the current ownership. With a high demand location and easy to rent units this incredibly stable asset will continue to generate consistent cash flow in a thriving Marin County community. Three of the residential units, including the detached cottage, have fully remodeled kitchens including cabinets, countertops, appliances and fixtures. Two of those units also have remodeled bathrooms, new flooring and new paint. The four commercial units consist of an architect's office, an insurance brokerage, a custom seamstress and a consultant's office. (Also listed as MLS #22014911 in the Commercial Mixed-Use category).
    Exterior Features

    Carports 0 Exterior StuccoWood Siding Foundation Construct Cc PerimeterCc Slab Garages 0 Lot Description Corner On Site Parking On StreetUncovered Open Uncovered Spaces 3 Roof CompositionShingle Rv Boat Spaces 0 Type 2 StoryApartmentsMixed UseOther Underground Spaces 0

    Interior Features

    Heat Cool Baseboard HeatersCentral HeatWall AirconditioningWall Furnace

    Property Features

    1 Bdrm Ann Occupancy 100.00 1 Bdrms Occupied 5 1 Bedroom Rent Range 1575-2295 1 Bedrooms 5 2 Bdrm Ann Occupancy 0.00 2 Bdrms Occupied 0 2 Bedroom Rent Range 0 2 Bedrooms 0 3 Bdrm Ann Occupancy 0.00 3 Bdrms Occupied 0 3 Bedroom Rent Range 0 3 Bedrooms 0 4 Bdrm Ann Occupancy 0.00 4 Bdrms Occupied 0 4 Bedroom Rent Range 0 4 Bedrooms 0 Actual Or Projected Actual Auction No Cap Rate 4.84 City Transfer Tax Yes City Transfer Tax Rate 0.00 Comm Units Rent Rang 800-2500 Commercial Units 4 Common Int Dev No Est Insurance Exp 10493.00 Est Maintenance Exp 4500.00 Est Management 0.00 Est Misc Expenses 0.00 Est Net Income 121934.00 Est Taxes 36038.00 Est Total Annual Exp 57886.00 Est Utilities Exp 6855.00 Expense Source Owner Furnished Units 0 GRM 13.82 Gross Scheduled Inc 179820.00 Guest Spaces 0 Laundry Appliance Coin OperatedCommon Room Lease Deposit 0.00 Lot Size Source (Realist Public Rec) Monthly Expenses 4823.83 Monthly Income 14985.00 Multifamily Type Multi Unit 5+ New Construction Or Resale Resale Operating Exp Inc ElectricityGarbageGasInsuranceMaintenanceTaxes/AssessmentsVacancy FactorWater Planned Unit Develop No Sewer Septic Sewer Public Square Footage Source Realist Public Rec Studio Ann Occupancy 0.00 Studio Rent Range 0 Studios 0 Studios Occupied 0 Transaction Type Sale Water Source Water-Public Year Built Exception Unknown

    Listing information © 2020 Bay Area Real Estate Information Services.
    Listing courtesy of Steven Level of Berkshire Hathaway.


    © 2020 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 Zephyr Real Estate. Data last updated: 2020-09-20T14:56:00.17.
     
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    Greenbrae CA, 94904