360-361 Du Bois St - Apartments FOR SALE


San Rafael, CA 94901
$1,750,000 USD
415-877-1077
360-361 Du Bois St, San Rafael, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/18
null | 4.41% Cap Rate

360-361 Du Bois St
San Rafael, CA 94901


OVERVIEW

Located in the Bret Harte area of San Rafael, close to shopping and easy freeway access. 2-2BR and 4-1BR apartments on a large 10,500 sf level lot. The lot affords ample space to develop additional apartments. Current ADU guidelines suggest as many as six (Buyer to Confirm). There are 11 carports and ample additional off-street parking. Some of the carports are rented to the apartment complex across the street. Overall, the building is in good condition and seems to be well maintained. The owner has replaced the two main roof sections in 2018 and 2020. Four of the units have been remodeled and upgraded. All units have hardwood floors. Two are still carpeted over and need refinishing. There is a large owner’s storage room and an on-site laundry room with owned equipment. Heating is provided by gas fired wall furnaces. Units are separately metered for PG&E. The Owner pays for water and trash. There is a large upside potential in the rental income.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$354 USD /SF

# OF UNITS

6

PRICE/UNIT

$291,667

CAP RATE

4.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,389 SF

ZONING

R5, San Rafael

APN/PARCEL ID

013-092-08

ASK ABOUT THIS PROPERTY

Michael BurkeGolden Gate Sotheby's International RealtyMore Info
415-877-1077

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Michael BurkeGolden Gate Sotheby's International RealtyMore Info
415-877-1077

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