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Eagle Rock Apartments 1052 Redwood Hwy Frontage Rd 25 Unit Apartment Building $13,842,175 CAD ($553,687 CAD/Unit) 4.29% Cap Rate Mill Valley, CA 94941

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INVESTMENT HIGHLIGHTS

  • Two (2) Building, 25-Unit Apartment Complex
  • New Salt-Water Pool
  • Extensively Rehabilitated
  • Approximately 6 Miles to Golden Gate Bridge

EXECUTIVE SUMMARY

Keegan & Coppin Co., Inc. is proud to offer this southern Marin County multi-family investment opportunity located just minutes from the best parts of the region. Eagle Rock Apartments was acquired in 2022 and has been in a constant state of rehabilitation since. It is located along the frontage road for Redwood Hwy and is walking distance to public transportation and the high-end Strawberry Village retail center.

ATTACHMENTS

Flyer

PROPERTY FACTS

Price $13,842,175 CAD
Price Per Unit $553,687 CAD
Sale Type Investment
Cap Rate 4.29%
Gross Rent Multiplier 16.03
No. Units 25
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.33 AC
Building Size 9,905 SF
Average Occupancy 100%
No. Stories 2
Year Built 1960
Parking Ratio 2.52/1,000 SF
Zoning RMPC-7 - RMPC-7, Residential Commercial Planned (Unincorporated Marin County)

AMENITIES

UNIT AMENITIES

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Views

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Picnic Area
  • Pool
  • Smoke Free
  • Storage Space

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 19 - 350
1+1 6 - 543

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
034-071-09
Land Assessment
$4,208,664 CAD
Improvements Assessment
$7,228,947 CAD
Total Assessment
$11,437,611 CAD
  • Listing ID: 32212489

  • Date on Market: 2024-06-21

  • Last Updated:

  • Address: 1052 Redwood Hwy Frontage Rd, Mill Valley, CA 94941

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