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1242 4th St 13 Unit Apartment Building $4,750,000 ($365,385/Unit) 5.51% Cap Rate San Rafael, CA 94901
INVESTMENT HIGHLIGHTS
- Current 5.77% CAP! Current 11.6 GRM!
- First time on Market in 25 Years!
- New Roof in 2023
- Brand New Electrical Upgrade!
- Extremely Well Maintained & Self Managed Asset
- ABSOLUTE PRIME, DOWNTOWN SAN RAPHAEL LOCATION!
EXECUTIVE SUMMARY
PRICE REDUCED!
FOR SALE for the first time in over 25 Years! Prime, Heart of Downtown San Raphael Investment Offering of a 13 Unit Mixed Used Investment Property! A Current 5.77% CAP/11.6 GRM Offering with Upcoming & Allowable Increases in 2025 Allowing for Immediate Upside! Owner has Self Managed this Asset with Pride, and has Recently Performed Upgrades to the Property with BRAND NEW Electrical Panels (2024/2025), a New Roof in 2023, & Many Rehabbed Units in Recent Years ranging from New Bathrooms & Kitchens. Property Consists of (4) Long Time Retail Tenants: Amici's Pizza, The SHOP (high end barber shop), Friends Books, and Tibet Shop along with (9) Multifamily Units Consisting of (2) 2bed/1bth Units, (2) 1bed/1bths, & (5) Studio Units. Must See to Appreciate!
FOR SALE for the first time in over 25 Years! Prime, Heart of Downtown San Raphael Investment Offering of a 13 Unit Mixed Used Investment Property! A Current 5.77% CAP/11.6 GRM Offering with Upcoming & Allowable Increases in 2025 Allowing for Immediate Upside! Owner has Self Managed this Asset with Pride, and has Recently Performed Upgrades to the Property with BRAND NEW Electrical Panels (2024/2025), a New Roof in 2023, & Many Rehabbed Units in Recent Years ranging from New Bathrooms & Kitchens. Property Consists of (4) Long Time Retail Tenants: Amici's Pizza, The SHOP (high end barber shop), Friends Books, and Tibet Shop along with (9) Multifamily Units Consisting of (2) 2bed/1bth Units, (2) 1bed/1bths, & (5) Studio Units. Must See to Appreciate!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$385,775
|
$35.41
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$385,775
|
$35.41
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $385,775 |
| Annual Per SF | $35.41 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $385,775 |
| Annual Per SF | $35.41 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (98)
PROPERTY TAXES
| Parcel Number | 011-212-17 | Improvements Assessment | $1,507,760 (2025) |
| Land Assessment | $559,913 (2025) | Total Assessment | $2,067,673 (2025) |
PROPERTY TAXES
Parcel Number
011-212-17
Land Assessment
$559,913 (2025)
Improvements Assessment
$1,507,760 (2025)
Total Assessment
$2,067,673 (2025)
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1242 4th St
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