247 D, San Rafael, CA 94901
Marin County
Key Facts
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
32
MLS® Listing#
ML82051074
Property Features
Heating
Parking
Sewer
Water Source
Financial Details
HOA
None
Parcel Number
01222207
Affordability Calculator
$1,222,000
Estimated monthly payment
$32,520/mo
Principal $4,888,000 · Est. interest $6,819,195 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in San Rafael, CA
- $986,678
- Median Listing Price
- 68
- Median Days on Market
- 1,486
- Median Sq Ft
- $661
- Median Price / Sq Ft
- 8,646
- Active Listings
- This home’s price is 519% above the area median.
- Its price per sq ft is 29% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in San Rafael, CA.
Location
Points of Interest in San Rafael, CA
Showing the San Rafael area map.
Nearby Schools
Short Elementary School
Elementary · 0.2 mi away
Laurel Dell Elementary School
Elementary · 0.4 mi away
Davidson Middle School
Secondary · 0.4 mi away
Spanish in Downtown San Rafael
Secondary · 0.6 mi away
Marin Head Start
School · 0.7 mi away
Old Firehouse School Fifth Avenue
School · 0.7 mi away
Marin Academy
School · 0.7 mi away
Marin Day Schools - San Rafael
Elementary · 0.7 mi away
Anthony G Bacich Elementary School
Elementary · 1.0 mi away
Marin Catholic High School
Secondary · 1.0 mi away
Contractors State License Schools
School · 1.1 mi away
San Rafael High School
Secondary · 1.1 mi away
Coleman Elementary School
Elementary · 1.2 mi away
Kent Middle School
Secondary · 1.2 mi away
Ross School
Elementary · 1.3 mi away
All Children Academics
School · 1.4 mi away
Solvita Spanish
School · 1.4 mi away
College of Marin Children's Center
School · 1.4 mi away
St. Anselm School
School · 1.6 mi away
Sun Valley Elementary School
Elementary · 1.7 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 8235 Caminito Santaluz Norte, San Diego, CA | $4,295,000 | 4 | 5 | 5,008 |
| 5350 Davenport Creek Road, San Luis Obispo, CA | $4,300,000 | 4 | 3 | 2,638 |
| 5350 Davenport Creek Road, San Luis Obispo, CA | $4,300,000 | — | — | — |
| 2500 6th Ave. PH5, San Diego, CA | $4,350,000 | 4 | 5 | 4,715 |
| 4950 Davenport Creek Road, San Luis Obispo, CA | $4,350,000 | 4 | 4 | 4,725 |
| 3865 Ocean Front Walk, San Diego, CA | $4,350,000 | 2 | 3 | 1,187 |
Moving Cost Estimate
EXIT Agents in San Rafael
Listing Courtesy: CBRE, Inc.
Presented by: Adam Foley
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.