Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire 147 Ross Street is a deluxe boutique 6-unit multifamily property situated just to the South of Downtown San Rafael, CA in a quaint and lush residential neighborhood known as “Gerstle Park”. San Rafael is the largest city in Marin County offering numerous local employment opportunities, in addition to providing an easy commute to employment in San Francisco. 147 Ross Street has an exceptional location in the Gerstle Park neighborhood of San Rafael, walkable to all the conveniences of downtown. The Gerstle Park neighborhood is one of San Rafael’s original neighborhoods. It is characterized by wide, tree-lined streets of well-maintained Victorian homes. Gerstle Park, tucked between Greenbrae/Kentfield and downtown San Rafael, is truly in the center of Marin, this neighborhood is just over the hill from Greenbrae, the Bon Air Shopping Center, and the Larkspur Ferry. 147 Ross Street is located on a 7,000 square foot lot, condo-like site that has been completely rehabilitated to provide residents with a private, luxury environment unrivaled by any other boutique sized apartment community in San Rafael. Comprised of four two-bedrooms/two-bath w/ a den and two one-bedroom/one-bath units, this complex offers a variety of different benefits for tenants such as close proximity to highway 101, which is a short twenty-minute drive directly to San Francisco. In addition, the two-bedroom units feature a “den”, which could be a perfect set up for an in-home office. In addition, all units have private storage units, individual water heaters, central air conditioning and private covered parking spaces. Finally, the building was completely remodeled in 2020. The complex features upscale and spacious floor plans with in-unit washer/dryers. This is a rare opportunity for an investor to own an excellent, fully remodeled, six-unit multifamily property in one of Marin County’s strongest rental markets. With attractive long-term financing options are still available, one of Marin’s best locations, a well-maintained property and significant upside potential, this investment offers an compelling opportunity.