Description

Del Mesa Apartments (The Property) is a Pride of Ownership 18-unit Multifamily investment opportunity in Gerstle Park neighborhood, widely considered the A+ area of San Rafael. The Property features a well-maintained unit mix of twelve (12) one-bedroom, one-bathroom units and six (6) two-bedroom, one-bathroom units across a single three-story building set on a .042 acre parcel. Ownership has completed meaningful renovations over the last decade with remaining upside through continued in-unit upgrades and rent growth to market across the balance of the units. Del Mesa Apartments is situated in Gerstle Park, one of San Rafaels most coveted residential enclaves. The neighborhood is characterized by mature tree canopy, well-maintained streetscapes, and a quiet, upscale character that distinguishes it from more commercially active San Rafael corridors. Gerstle Park consistently ranks among he citys most desirable and safest neighborhoods, attracting long-term, quality tenants.

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Property information

Property type

Residential Income

Sub-type

Multi Family

Year built

1965

Living area

13,040 Sq Ft

Annual taxes

$95,976

HOA fee

None

Price / Sq Ft

$452

Days on market

112

Parcel number

012-222-07

Features

Cooling

Wall/Window Unit(s)

Heating

Electric

Parking

Assigned

Pool

In Ground

Roof

Flat

Basement

Crawl Space

Sewer / Water

Public Sewer · Public