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55 Brookdale Ave - 55 Brookdale - Multifamily Development Site 0.26 Acres of Residential Land Offered at $1,450,000 in San Rafael, CA 94901
Investment Highlights
- Streamlined Path to Entitlements Through Previous Approvals
- Supply-Starved Region with Minimal Future Pipeline
- Barriers to Single-Family Ownership in One of the Nation’s Wealthiest Locales
Executive Summary
Berkadia is pleased to exclusively present the opportunity to acquire 55 Brookdale Avenue (“55 Brookdale” or the “Site”), a 0.26-acre residential development site in the heart of Marin County. Previously approved for 10 for-rent or for-sale multifamily units, the Site offers developers a streamlined path to entitlements by reviving prior approvals, or the optionality to entitle a new project subject to San Rafael’s high-density residential development standards. With Marin County’s average home price of $1.4MM, 55 Brookdale Avenue presents a unique opportunity to develop a boutique, modern multifamily community, addressing the demand for both for-rent and for-sale housing in an affluent and high-demand market.
Property Facts
| Price | $1,450,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.26 AC |
| Zoning | HR-1 - High Density Residential | ||
| Price | $1,450,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.26 AC |
| Zoning | HR-1 - High Density Residential |
1 Lot Available
Lot
| Price | $1,450,000 | Lot Size | 0.26 AC |
| Price Per AC | $5,576,923.08 |
| Price | $1,450,000 |
| Price Per AC | $5,576,923.08 |
| Lot Size | 0.26 AC |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $400,494 | Total Assessment | $400,494 |
Property Taxes
Parcel Numbers
Land Assessment
$400,494
Improvements Assessment
$0
Total Assessment
$400,494
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55 Brookdale Ave - 55 Brookdale - Multifamily Development Site
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