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7 Merrydale Rd
San Rafael, CA 94903
Merrydale View · Multifamily Property For Sale
·
8 Units
EXECUTIVE SUMMARY
CBRE. as exclusive listing agent, is pleased to present the opportunity to purchase 7 Merrydale Road, Merrydale View, 8 units in San Rafael made up of five (5) 1 bed 1 bath units, and three (3) 2 bed 1 bath units. Marin is beginning to emerge as a secondary hub for startups and the AI boom of San Francisco, offering investors the opportunity to take advantage of Marin County’s growing workforce.
NDA required to be signed by all interested purchasers before marketing materials can be made available. Merrydale View is Property 9 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team.
NDA required to be signed by all interested purchasers before marketing materials can be made available. Merrydale View is Property 9 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team.
PROPERTY FACTS
| Price Per Unit | $340,625 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.50 AC |
| Cap Rate | 5.53% | Building Size | 4,914 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.63/1,000 SF |
| Apartment Style | Low-Rise |
| Price Per Unit | $340,625 |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.50 AC |
| Building Size | 4,914 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.63/1,000 SF |
AMENITIES
UNIT AMENITIES
- Balcony
- Views
SITE AMENITIES
- Laundry Facilities
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | 500 |
| 2+1 | 3 | - | 640 |
PROPERTY TAXES
| Parcel Number | 179-222-15 | Improvements Assessment | $965,496 |
| Land Assessment | $1,963,220 | Total Assessment | $2,928,716 |
PROPERTY TAXES
Parcel Number
179-222-15
Land Assessment
$1,963,220
Improvements Assessment
$965,496
Total Assessment
$2,928,716
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