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



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.
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 | Apartment Style | Low-Rise |
| Price Per Unit | $447,368 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.59 AC |
| Cap Rate | 4.78% | Building Size | 16,910 SF |
| Gross Rent Multiplier | 13.24 | Average Occupancy | 100% |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 1.12/1,000 SF |
| 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 |
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PROPERTY TAXES
| Parcel Number | 025-181-26 | Total Assessment | $5,693,886 (2025) |
| Land Assessment | $3,521,016 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $2,172,870 (2025) | Tax Year | 2024 |
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
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801 Meadowsweet
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