210 Lower Via Casitas - Apartments FOR SALE


Greenbrae, CA 94904
$8,250,000 USD
408-205-2679
210 Lower Via Casitas, Greenbrae, CA for Sale
$8,250,000 USD
Apartments - FOR SALE
1/9
null | 5.36% Cap Rate

210 Lower Via Casitas
Greenbrae, CA 94904


HIGHLIGHTS

  • Strong in-place cap rate of 5.36% on real underwriting. Pro forma cap rate of 6.36% prior to a value add-execution.
  • Great unit mix with large units averaging over 900 square feet each.
  • Located next to Bon Air Greenbrae Shopping Center, which has over 40 restaurants shops, restaurants, and other services.
  • Excellent area schools.
  • Select units with incredible views.
  • Easy access to the Golden Gate Bridge and also the Larkspur Ferry Terminal just a short walk from the property.

OVERVIEW

Under the same ownership for over 25 years! A+, affluent location with tremendous value add upside. 210 Lower Via Casitas is a 23-unit complex that offers all the desired amenities paired with an excellent location. Strong unit mix averaging over 900 square feet each. Residents can live in a suburban setting and be close to major urban employment centers; desirable in a post-pandemic environment. Excellent area schools. Easy access to San Francisco via Highway 101 through the Golden Gate Bridge and the Larkspur Ferry Terminal. Located next to Bon Air Greenbrae Shopping Center, which has over 40 restaurants shops, restaurants, and other services. Limited opportunities for development has created a very limited supply of rental housing. CALL FOR OFFERS due by Wednesday, October 2nd

FOR SALE DETAILS

PRICE

$8,250,000 USD

PRICE/SF

$388 USD /SF

# OF UNITS

23

PRICE/UNIT

$358,696

CAP RATE

5.36%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CALL FOR OFFERS due by Wednesday October 2nd

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1975

PARKING SPACES

33

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

R-3

APN/PARCEL ID

022-153-16

ASK ABOUT THIS PROPERTY

Carlos AzucenaMarcus & MillichapMore Info
408-205-2679

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Carlos AzucenaMarcus & MillichapMore Info
408-205-2679

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