Skip to main content

Multifamily

320 C Street

320 C Street, San Rafael, CA 94901

Listing Price: $1,775,000

Cap Rate
4.20%
Number of Units
4
GRM
16.62
Occupancy
98.0%
Price/Unit
$443,750
Price/Gross SF
$554.69
Gross SF
3,200

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 320 C Street, a 4-unit multifamily property located in San Rafael, CA. 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. 320 C 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 Rafaels 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.

The building has been well maintained, with the interior of all units remodeled. There are additional opportunities to enhance the exterior of the building and capture significantly higher rents due to the propertys superior location. Average rents at the property are approximately 18% below market for Gerstle Park, offering a value-add investment opportunity in San Rafaels best neighborhood.

320 C Street is located the Gerstle Park neighborhood of San Rafael offers a quiet park-like setting. The property consists of one, two-story building situated on a sunny flat lot. There are two large two-bedroom/one-bath units a two one-bedroom/one bath units with off street parking. 320 C Street is conveniently located close to the San Rafael SMARTRT Rail Station, Larkspur Ferry, Highways 101 and 580, providing tenants an easy commute throughout the entire Bay Area. In addition, the property is just a short distance from Dominican University, Marin Academy, Branson, Marin Catholic and San Rafael High Schools and various elementary schools. The area boasts countless parks and recreation areas for families as well as various other attractions such as the San Rafael Farmers Market.

This is a rare opportunity for an investor to own an excellent, well-maintained four-unit multifamily property in one of Marin Countys strongest rental markets. With attractive long-term financing options, this investment offers one of Marins best locations, a well-maintained property and significant upside potential.

Investment Highlights

  • Excellent Location in Gerstle Park Neighborhood
  • Near Downtown San Rafael
  • Unit Interiors completely Remodeled
  • New Plumbing, Electrical and Fixtures
  • Large Units with Living Room and Dining Room, generous Closet Space
  • Additional Value Add Investment Opportunities

Exclusively Listed By

Listing Price: $1,775,000

Cap Rate
4.20%
Number of Units
4
GRM
16.62
Occupancy
98.0%
Price/Unit
$443,750
Price/Gross SF
$554.69
Gross SF
3,200

Investment Highlights

  • Excellent Location in Gerstle Park Neighborhood
  • Near Downtown San Rafael
  • Unit Interiors completely Remodeled
  • New Plumbing, Electrical and Fixtures
  • Large Units with Living Room and Dining Room, generous Closet Space
  • Additional Value Add Investment Opportunities

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 320 C Street, a 4-unit multifamily property located in San Rafael, CA. 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. 320 C 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 Rafaels 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.

The building has been well maintained, with the interior of all units remodeled. There are additional opportunities to enhance the exterior of the building and capture significantly higher rents due to the propertys superior location. Average rents at the property are approximately 18% below market for Gerstle Park, offering a value-add investment opportunity in San Rafaels best neighborhood.

320 C Street is located the Gerstle Park neighborhood of San Rafael offers a quiet park-like setting. The property consists of one, two-story building situated on a sunny flat lot. There are two large two-bedroom/one-bath units a two one-bedroom/one bath units with off street parking. 320 C Street is conveniently located close to the San Rafael SMARTRT Rail Station, Larkspur Ferry, Highways 101 and 580, providing tenants an easy commute throughout the entire Bay Area. In addition, the property is just a short distance from Dominican University, Marin Academy, Branson, Marin Catholic and San Rafael High Schools and various elementary schools. The area boasts countless parks and recreation areas for families as well as various other attractions such as the San Rafael Farmers Market.

This is a rare opportunity for an investor to own an excellent, well-maintained four-unit multifamily property in one of Marin Countys strongest rental markets. With attractive long-term financing options, this investment offers one of Marins best locations, a well-maintained property and significant upside potential.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower