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801 Meadowsweet 19 Unit Apartment Building $8,500,000 ($447,368/Unit) 4.78% Cap Rate Corte Madera, CA 94925

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INVESTMENT HIGHLIGHTS

  • Attractive Two-Bedroom Units with Rental Upside
  • Strong Tenant Demand & Demographics, Highly Occupied Submarket
  • Professionally Managed and Maintained, Turnkey Asset
  • Prime Marin County Location, Walk to Shopping, Entertainment, Dining, Schools and Transportation
  • Compelling Valuation, Attractive Financing Environment
  • Highly Sought After Corte Madera Outdoor Lifestyle Appeal

EXECUTIVE SUMMARY

801 Meadowsweet Drive is a charming, boutique-style rental community located in the prestigious town of Corte Madera, one of Marin County’s most sought-after neighborhoods. Known for its small-town charm, affluence, and proximity to both nature and urban convenience, Corte Madera offers an exceptional quality of life. The property is ideally located just 12 miles north of San Francisco, with convenient access to Highway 101 and the Golden Gate Bridge, as well as eastbound connectivity via Highway 580 and the Richmond–San Rafael Bridge. This central location allows residents to enjoy a peaceful, low-density environment while remaining within commuting distance to major Bay Area job centers.
The 19-unit complex features an attractive unit mix of spacious two-bedroom, one-bath and two-bedroom, 2-bath apartment homes. All units have benefited from recent upgrades and/or remodeled units, including kitchen and baths. Residents benefit from amenities including on-site storage, lushly landscaped grounds, on-site laundry facilities, and abundant parking with dedicated guest spaces. Each unit offers comfortable floor plans and a relaxing setting that reflects the indoor-outdoor lifestyle long associated with Marin living.
Situated on approximately 0.59 acres, 801 Meadowsweet Drive is located just minutes from Corte Madera Town Center and The Village at Corte Madera—two of Marin’s premier shopping and dining destinations. The community enjoys access to excellent public schools, abundant outdoor activities including hiking and biking trails, and proximity to the scenic natural beauty of Mount Tamalpais and the surrounding open space preserves.
Corte Madera, with a population of just under 10,000, is recognized for its high quality of life, strong median household income, and enduring real estate values. Whether it’s kayaking along local waterways, enjoying nearby parks, or commuting into the city, residents of 801 Meadowsweet Drive enjoy a lifestyle that is both convenient and serene, making this an outstanding opportunity for investors seeking a well-located, income-producing asset in Marin County.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Price $8,500,000
Price Per Unit $447,368
Sale Type Investment
Cap Rate 4.78%
Gross Rent Multiplier 13.24
No. Units 19
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.59 AC
Building Size 16,910 SF
Average Occupancy 100%
No. Stories 2
Year Built 1960
Parking Ratio 1.12/1,000 SF

AMENITIES

UNIT AMENITIES

  • Heating
  • Refrigerator
  • Range

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 19 - 675

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
025-181-26
Land Assessment
$3,521,016 (2025)
Improvements Assessment
$2,172,870 (2025)
Total Assessment
$5,693,886 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
  • Listing ID: 37319564

  • Date on Market: 8/18/2025

  • Last Updated:

  • Address: 801 Meadowsweet, Corte Madera, CA 94925

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