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1600-1606 3rd St
San Rafael, CA 94901
West End Villas · Multifamily Property For Sale
·
25 Units
Investment Highlights
- Stellar location on the western edge of downtown San Rafael
- 1986 vintage property with building systems and construction methods that should minimize maintenance and capital expenditures
- Pride of ownership investment opportunity with 5.0% starting cap rate
- Immediate access to major employers, retail, dining, and entertainment venues
- Potential to assume in-place financing at 3.47% interest until January 2027
- 100% occupied with upside in rents based on demonstrated in-place high rents
Property Facts
| No. Units | 25 | Building Size | 18,674 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1986 |
| Building Class | C | Parking Ratio | 1.62/1,000 SF |
| Lot Size | 0.38 AC | ||
| Zoning | MR2, San Rafael | ||
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 18,674 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1986 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | MR2, San Rafael |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Disposal
- Microwave
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 420 - 520 |
| 1+1 | 13 | - | 471 - 710 |
| 2+1 | 2 | - | 704 |
| 2+2 | 2 | - | 820 - 850 |
Property Taxes
| Parcel Number | 011-241-44 | Improvements Assessment | $4,220,000 |
| Land Assessment | $3,300,000 | Total Assessment | $7,520,000 |
Property Taxes
Parcel Number
011-241-44
Land Assessment
$3,300,000
Improvements Assessment
$4,220,000
Total Assessment
$7,520,000
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