Log In/Sign Up
Your email has been sent.
247 D St
San Rafael, CA 94901
Multifamily Property For Sale
·
18 Units
Investment Highlights
- Prime Central San Rafael Location
- Durable, Supply Constrained Marin Demand
- Substantial Mark-To-Market Upside
Executive Summary
Del Mesa Apartments (The Property) is a Pride of Ownership 18-unit Multifamily investment opportunity in Gerstle Park neighborhood, widely considered the A+ area
of San Rafael. The Property features a well-maintained unit mix of twelve (12) one-bedroom, one-bathroom units and six (6) two-bedroom, one-bathroom units across a single three-story building set on a .042 acre parcel. Ownership has completed meaningful renovations over the last decade with remaining upside through continued in-unit upgrades and rent growth to market across the balance of the units.
Del Mesa Apartments is situated in Gerstle Park, one of San Rafael’s most coveted residential enclaves. The neighborhood is characterized by mature tree canopy, well maintained streetscapes, and a quiet, upscale character that distinguishes it from more commercially active San Rafael corridors. Gerstle Park consistently ranks among the city’s most desirable and safest neighborhoods, attracting long-term, quality tenants.
Please reach out to the CBRE Listing Team for additional information
of San Rafael. The Property features a well-maintained unit mix of twelve (12) one-bedroom, one-bathroom units and six (6) two-bedroom, one-bathroom units across a single three-story building set on a .042 acre parcel. Ownership has completed meaningful renovations over the last decade with remaining upside through continued in-unit upgrades and rent growth to market across the balance of the units.
Del Mesa Apartments is situated in Gerstle Park, one of San Rafael’s most coveted residential enclaves. The neighborhood is characterized by mature tree canopy, well maintained streetscapes, and a quiet, upscale character that distinguishes it from more commercially active San Rafael corridors. Gerstle Park consistently ranks among the city’s most desirable and safest neighborhoods, attracting long-term, quality tenants.
Please reach out to the CBRE Listing Team for additional information
Property Facts
| Price Per Unit | $339,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 4.82% | Building Size | 13,040 SF |
| Gross Rent Multiplier | 12.29 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1906/1965 |
| Property Subtype | Apartment | Parking Ratio | 1.38/1,000 SF |
| Apartment Style | Low-Rise |
| Price Per Unit | $339,444 |
| Sale Type | Investment |
| Cap Rate | 4.82% |
| Gross Rent Multiplier | 12.29 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 13,040 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1906/1965 |
| Parking Ratio | 1.38/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $2,235 | 650 |
| 2+1 | 6 | $2,435 | 800 |
Property Taxes
| Parcel Number | 012-222-07 | Improvements Assessment | $618,180 |
| Land Assessment | $178,971 | Total Assessment | $797,151 |
Property Taxes
Parcel Number
012-222-07
Land Assessment
$178,971
Improvements Assessment
$618,180
Total Assessment
$797,151
1 of 17
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
