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523 B St 3 Unit Apartment Building Offered at $1,795,000 San Rafael, CA 94901
INVESTMENT HIGHLIGHTS
- Desirable Gerstle Park Neighborhood
- Designated Laundry For Each Unit
- 6-Car Off-Street Parking & Tenant Storage
- Fully Remodeled Units
- New Roof & Exterior Paint
- Premier Marin County Location
EXECUTIVE SUMMARY
Situated in the charming and sought-after Gerstle Park neighborhood of San Rafael, this fully remodeled triplex presents a rare opportunity in the heart of Marin County. Offering excellent versatility for both owner-occupiers and investors, the property features one spacious 3-bedroom, 2-bathroom unit and two well-appointed 2-bedroom, 1-bathroom units—each thoughtfully upgraded with modern finishes and conveniences.
All three units have been extensively renovated, including brand-new kitchens with sleek cabinetry, contemporary countertops, and new appliances. Bathrooms have been stylishly updated with new vanities, tiled showers or tubs, and upgraded fixtures. Each unit showcases a blend of luxury vinyl plank flooring and new carpet along with its own designated laundry machines, offering added convenience and privacy for tenants or owners.
Additional highlights include carport parking, extra storage, and separate meters for gas, electric, and water—ideal for ease of management and utility control. A brand-new roof and gutters complete this turnkey property, all set in a prime location just blocks from downtown San Rafael. This rarely available triplex offers a unique opportunity to create a family compound, live in one unit while generating income from the others, or invest in a high potential cash-flowing property.
All three units have been extensively renovated, including brand-new kitchens with sleek cabinetry, contemporary countertops, and new appliances. Bathrooms have been stylishly updated with new vanities, tiled showers or tubs, and upgraded fixtures. Each unit showcases a blend of luxury vinyl plank flooring and new carpet along with its own designated laundry machines, offering added convenience and privacy for tenants or owners.
Additional highlights include carport parking, extra storage, and separate meters for gas, electric, and water—ideal for ease of management and utility control. A brand-new roof and gutters complete this turnkey property, all set in a prime location just blocks from downtown San Rafael. This rarely available triplex offers a unique opportunity to create a family compound, live in one unit while generating income from the others, or invest in a high potential cash-flowing property.
PROPERTY FACTS
| Price | $1,795,000 | Lot Size | 0.11 AC |
| Price Per Unit | $598,333 | Building Size | 2,707 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 3 | Year Built | 1928 |
| Property Type | Multifamily | Parking Ratio | 2.22/1,000 SF |
| Apartment Style | Garden |
| Price | $1,795,000 |
| Price Per Unit | $598,333 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Apartment Style | Garden |
| Lot Size | 0.11 AC |
| Building Size | 2,707 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Parking Ratio | 2.22/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 012-157-05 | Improvements Assessment | $790,500 |
| Land Assessment | $357,000 | Total Assessment | $1,147,500 |
PROPERTY TAXES
Parcel Number
012-157-05
Land Assessment
$357,000
Improvements Assessment
$790,500
Total Assessment
$1,147,500
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523 B St
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