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Multifamily

150 Belvedere St & 180 Larkspur St

150 Belvedere St, San Rafael, CA 94901

Listing Price: $7,198,000

Cap Rate
6.13%
Number of Units
28
Price/Unit
$257,071

Investment Overview

150 Belvedere St & 185 Larkspur St is a stunning 28-unit apartment community located in the thriving city of San Rafael, California. Situated on a 41,851 square foot parcel of land, the subject property was originally constructed in 1965 and has a gross building area of approximately 15,400 square feet, offering its tenants 100% beautifully designed one-bedroom floor plans. As the county seat of Marin County, San Rafael stands out for its artistic community, iconic architecture, and beautiful parklands. The city offers a wide range of life style amenities for all types of residents including the Marin County Civic Center, California Film Institute, Art Works Downtown, Marin Theatre Company, the Novato Theatre Company, and more. In addition, San Rafael is surrounded by nature and provides numerous outdoor activities including the San Rafael Yacht Harbor, the Marin Bocce Federation, Albert Park, Terrapin Crossroads, and many others. Located approximately 18 miles from San Francisco, residents are able to reach major employment centers while also having the luxury of having an escape from the excitement of the major metros. The investment appeal of this asset is driven by San Rafael's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Marin County, 150 Belvedere St & 185 Larkspur St presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Investment Highlights

  • Exceptional San Rafael Investment Opportunity - Investors have the opportunity to acquire a stabilized multifamily asset in one of the most dynamic and desirable locations in Marin County
  • The subject property is located within close proximity to Downtown San Rafael and Marin Square Shopping Center, both offering a myriad of dining, shopping, and entertainment options
  • Positioned in Marin County, tenants are located nearby many of the nations top employers in Alameda and San Francisco County
  • San Rafael is known for its artistic community and provides a wide range of culture and artistry to enjoy including the Marin County Civic Center, California Film Institute, Art Works Downtown, Marin Theatre Company, the Novato Theatre Company, as well as many others
  • Excellent Transportation Corridors - 150 Belvedere St and 180 Larkspur St offers tenants and residents convenient access to Interstate 580, U.S Route 101 as well as the Richmond-San Rafael Bridge

Exclusively Listed By

Multifamily

150 Belvedere St & 180 Larkspur St

Listing Price: $7,198,000

Cap Rate
6.13%
Number of Units
28
Price/Unit
$257,071

Investment Highlights

  • Exceptional San Rafael Investment Opportunity - Investors have the opportunity to acquire a stabilized multifamily asset in one of the most dynamic and desirable locations in Marin County
  • The subject property is located within close proximity to Downtown San Rafael and Marin Square Shopping Center, both offering a myriad of dining, shopping, and entertainment options
  • Positioned in Marin County, tenants are located nearby many of the nations top employers in Alameda and San Francisco County
  • San Rafael is known for its artistic community and provides a wide range of culture and artistry to enjoy including the Marin County Civic Center, California Film Institute, Art Works Downtown, Marin Theatre Company, the Novato Theatre Company, as well as many others
  • Excellent Transportation Corridors - 150 Belvedere St and 180 Larkspur St offers tenants and residents convenient access to Interstate 580, U.S Route 101 as well as the Richmond-San Rafael Bridge

Investment Overview

150 Belvedere St & 185 Larkspur St is a stunning 28-unit apartment community located in the thriving city of San Rafael, California. Situated on a 41,851 square foot parcel of land, the subject property was originally constructed in 1965 and has a gross building area of approximately 15,400 square feet, offering its tenants 100% beautifully designed one-bedroom floor plans. As the county seat of Marin County, San Rafael stands out for its artistic community, iconic architecture, and beautiful parklands. The city offers a wide range of life style amenities for all types of residents including the Marin County Civic Center, California Film Institute, Art Works Downtown, Marin Theatre Company, the Novato Theatre Company, and more. In addition, San Rafael is surrounded by nature and provides numerous outdoor activities including the San Rafael Yacht Harbor, the Marin Bocce Federation, Albert Park, Terrapin Crossroads, and many others. Located approximately 18 miles from San Francisco, residents are able to reach major employment centers while also having the luxury of having an escape from the excitement of the major metros. The investment appeal of this asset is driven by San Rafael's strong employment fundamentals and low vacancy levels. With a world-class location in the heart of Marin County, 150 Belvedere St & 185 Larkspur St presents an attractive choice for renters due to close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

Exclusively Listed By

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