247 DSan Rafael, CA 94901
Marin County
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.
Property Information
- Property type
- Residential Income
- Sub-type
- Multi Family
- Year built
- 1965
- Living area
- 13,040 Sq Ft
- Lot size
- 1,840 Sq Ft
- Zoning
- n/a
- Days on market
- 115
- MLS® Listing#
- ML82051074
Property Features
- Heating
- Electric
- Parking
- Assigned
- Sewer
- Public Sewer
- Water source
- Public
Financial Details
- HOA
- None
- Parcel number
- 01222207
Listing Courtesy: CBRE, Inc.
Presented by: Adam Foley
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