135 Redwood Ave - Apartments FOR SALE


Corte Madera, CA 94925- Outer Mill Vly/Corte Madera/Sausalito
$3,000,000 USD
415-625-2131
135 Redwood Ave, Corte Madera, CA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate


HIGHLIGHTS

  • Prime Corte Madera Location – Just steps from shopping, dining, and Corte Madera Town Park, with major retail centers less than a mile away.
  • Charming, Boutique Property – Single-story buildings with a central courtyard, featuring period details like oak hardwood floors and vintage tile fini
  • Significant Value-Add Potential – Scheduled rents are approximately 26% below market, with seven long-term tenants offering upside upon turnover.
  • Convenient Tenant Amenities – Pedestrian-friendly setting with rear alley access to covered parking for eight cars.

OVERVIEW

Please contact John Garrett for marketing package (john.garrett@marcusmillichap.com, 415-652-8431). Hampton Court is a boutique 8-unit multifamily property in the highly desirable town of Corte Madera. Located just one block north of Tamalpais Drive and two blocks from Corte Madera Town Park, this pedestrian-friendly community offers an unbeatable blend of suburban tranquility and urban convenience. Residents enjoy easy access to local dining and retail within 1-3 blocks, while major shopping destinations, including high-end retailers and grocery stores, are less than a mile away. The property consists of two single-story buildings, each featuring four units with classic period details, including oak hardwood floors and vintage two-tone tile kitchen countertops and shower surrounds. The unit mix includes two 2-Bed/1-Bath units and six 1-Bed/1-Bath units. Rear alley access leads to covered parking for eight cars, enhancing convenience for tenants. With scheduled rents approximately 26% below market, Hampton Court presents an exceptional value-add opportunity. Seven of the eight units are occupied by long-term tenants paying below-market rents, offering significant income growth potential upon turnover. Situated in one of the wealthiest counties in the U.S., this investment opportunity provides immediate cash flow with substantial appreciation upside in a high-demand rental market.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$450 USD /SF

# OF UNITS

8

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.35 AC

LAND SF

15,109 SF

ZONING

RM, Corte Madera

APN/PARCEL ID

024-134-29

ASK ABOUT THIS PROPERTY

John GarrettMarcus & MillichapMore Info
415-625-2131

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John GarrettMarcus & MillichapMore Info
415-625-2131

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.