20 Marian Court, San Rafael, CA 94901
List Price: $2.85M
Listing Status: Active
Original List Price: $3M
0Days on Market: 385
0 Bedrooms · 0 Bathrooms
Property Type: CommercialSale
Year Built: 1963
Lot Size: 15,534 sq ft
Annual Property Tax: $48,000
MLS Number: ML82001890
About This Property
20 Marian Court Apartments (the Property) comprised of 10 market rate units in San Rafael, California. Comprised of all 2 Bedroom, 1 Bathroom floorplans, this property is the ideal location and mix for the target demographic. In-place rents are nearly $600 below market rents and an additional $250+ in renovation premiums allowing for a value add investor to stabilize at a 6.57% cap rate.
Listing provided by: Jefrey Henderson DRE #01483399 (408) 453-7461 ben.mollahan@cbre.com, Jefrey Henderson, Broker
Source: CRMLS, MLS #: ML82001890
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.
Property Photos
