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107 Marin St 11 Unit Apartment Building $5,330,520 CAD ($484,593 CAD/Unit) 4.94% Cap Rate San Rafael, CA 94901
Executive Summary
CBRE, as exclusive listing agent, is please to present the opportunity to purchase 107 Marin Street - 11 units in San Rafael comprising of ten (10) 1 bed 1 bath units and one (1) 2 Bed 1 Bath unit. As the San Francisco AI boom spills over, Marin County is solidifying its status as a secondary hub for startups. 107 Marin offers investors a strategic entry point to utilize the county's continuously expanding workforce.
NDA required to be signed by all interested purchasers before marketing materials can be made available. 107 Marin is Property 4 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team.
NDA required to be signed by all interested purchasers before marketing materials can be made available. 107 Marin is Property 4 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team.
Property Facts Under Contract
| Price | $5,330,520 CAD | Building Class | C |
| Price Per Unit | $484,593 CAD | Lot Size | 0.26 AC |
| Sale Type | Investment | Building Size | 16,136 SF |
| Cap Rate | 4.94% | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1975 |
| Property Subtype | Apartment | Parking Ratio | 2.12/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | MR2, San Rafael - Multifamily Residential | ||
| Price | $5,330,520 CAD |
| Price Per Unit | $484,593 CAD |
| Sale Type | Investment |
| Cap Rate | 4.94% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 16,136 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
| Parking Ratio | 2.12/1,000 SF |
| Zoning | MR2, San Rafael - Multifamily Residential |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Microwave
- Granite Countertops
- Stainless Steel Appliances
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Walking/Biking Trails
- Maintenance on site
- Sundeck
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 550 - 636 |
| 2+1 | 1 | - | 636 |
1 1
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 012-172-11 | Improvements Assessment | $3,049,429 CAD |
| Land Assessment | $2,442,008 CAD | Total Assessment | $5,491,437 CAD |
Property Taxes
Parcel Number
012-172-11
Land Assessment
$2,442,008 CAD
Improvements Assessment
$3,049,429 CAD
Total Assessment
$5,491,437 CAD
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107 Marin St
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