29 1st St - Apartments FOR SALE


Corte Madera, CA 94925
$5,495,000 USD
707-484-6774
29 1st St, Corte Madera, CA for Sale
$5,495,000 USD
Apartments - FOR SALE
1/8
null | 5.4% Cap Rate

29 1st St
Corte Madera, CA 94925


HIGHLIGHTS

  • Newly Renovated.
  • Fully Leased.
  • New HVAC units installed 2024.
  • City parking in front and alongside the building.

OVERVIEW

This listing is a turnkey 100% leased investment opportunity for a buyer. There are five apartment units on the second and third floor penthouse with some units having views of San Pablo Bay. The apartment units have been totally renovated with new fixtures including brand new kitchen offering higher end appliances, new cabinets and counter tops and flooring and new HVAC units and electrical panels. The first floor has three retail tenants offer an elegant appeal to the entrance of the building. There is street identity with frontage and parking in front of their space. They include a successful hair salon, consignment store and spa. All 3 leases are for a minimum of 5 years.

FOR SALE DETAILS

PRICE

$5,495,000 USD

PRICE/SF

$786 USD /SF

# OF UNITS

5

PRICE/UNIT

$1,099,000

CAP RATE

5.4%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

14,127 SF

ZONING

C-1, Corte Madera

APN/PARCEL ID

025-036-04,025-036-18

ASK ABOUT THIS PROPERTY

Theresa TeumaLEGEND REAL ESTATEMore Info
707-484-6774

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Theresa TeumaLEGEND REAL ESTATEMore Info
707-484-6774

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