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1222 Irwin St
San Rafael, CA 94901
Glenwood Apartments · Multifamily Property For Sale
·
10 Units
EXECUTIVE SUMMARY
CBRE. as exclusive listing agent, is pleased to present the opportunity to purchase 1222 Irwin Street, the Glenwood Apartments, 10 units in San Rafael made up of ten (10) 1 bed 1 bath units. Marin County’s strong rental market gives investors the chance to invest in an emerging hub for workforce spillover from San Francisco.
NDA required to be signed by all interested purchasers before marketing materials can be made available. Glenwood Apartments is Property 6 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team.
NDA required to be signed by all interested purchasers before marketing materials can be made available. Glenwood Apartments is Property 6 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team.
PROPERTY FACTS
| Price Per Unit | $351,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 5.40% | Building Size | 12,388 SF |
| No. Units | 10 | Average Occupancy | 75% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1955 |
| Apartment Style | Low-Rise |
| Price Per Unit | $351,500 |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 12,388 SF |
| Average Occupancy | 75% |
| No. Stories | 2 |
| Year Built | 1955 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 10 | - | 650 |
PROPERTY TAXES
| Parcel Number | 014-013-03 | Improvements Assessment | $2,231,591 |
| Land Assessment | $1,641,543 | Total Assessment | $3,873,134 |
PROPERTY TAXES
Parcel Number
014-013-03
Land Assessment
$1,641,543
Improvements Assessment
$2,231,591
Total Assessment
$3,873,134
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