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    1400 2nd Street

    San Rafael, CA 94901
    • $2,485,000
    • STATUS: Active
    • ON SITE: 80 days
    • ID#: 22014911
    $2,485,000
    • 0
      BEDS
    • 0.11
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,425
      SQFT
    • $458
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    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 #22013815 in the Multi-Unit 5+ 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: 2020-09-18T23:55:57.097.
    www.teamobrienre.com/homes/107382674
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    1400 2nd Street San Rafael, CA 94901

    • Price: $2,485,000
    • Status: Active
    • ID#: 22014911
    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 #22013815 in the Multi-Unit 5+ category)
    Exterior Features

    Dock Doors 0 Exterior StuccoWood Foundation Cc PerimeterSlab Location Downtown Lot Description Corner Parking Spaces 0 Roof CompositionShingle

    Interior Features

    Floor Number 0 Industrial Sq Ft 0.00 Min Avail Sq Ft 0.00 Office Sq Ft 0.00 Offices 0 Percent Office 0 Restrooms 0 Retail Sq Ft 0.00 Stories 2 Story Tenant Allow Fixed 0.00 Tenant Allow Sq Ft 0.00 Tenant Sq Ft 0.00 Warehouse Sq Ft 0.00

    Property Features

    Auction No Buildings 3 Business Type Prof Service Cap Rate 4.84 City Transfer Tax Yes City Transfer Tax Rate 0.00 Close To FreewayHospitalPublic TransportatioRestaurantsShopping Commercial Type Mixed Use Construction Status Completed Current Use MixedOfficeResidential 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 GRM 13.82 Gross Scheduled Inc 179820.00 Lease Deposit 0.00 Load Factor CAM 0 Maximum Lease Yrs 0 Minimum Lease Yrs 0 Monthly Expenses 0.00 Monthly Income 0.00 New Construction Or Resale Resale Sewer Septic Sewer Public Source Of Financials Owner Square Footage Source Realist Public Rec Tenants 9 Transaction Type Sale Vacancy Factor 2.00 Water Source Water Public Year Built Exception Unknown Zoning 2/3Muw -Second/Third Mixed Use District

    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: 2020-09-18T23:55:57.097.
     
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