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Investment Highlights

  • Excellent walkable location close to public transportation
  • Upside potential
  • Easy to rent

Executive Summary

Located in the heart of San Rafael, 1851 2nd Street offers an ideal blend of convenience, accessibility, and investment appeal. This centrally located property is just moments from downtown amenities, transportation, dining, and shopping making it highly desirable and easy to rent. A walkable neighborhood enhances everyday livability, while ample parking adds a major bonus rarely found in such a prime location. Whether you're seeking a low-maintenance investment or a property that benefits from consistent tenant demand, 1851 2nd Street checks all the boxes with its unbeatable location and practical appeal. Unit A is a ground floor unit with 2 bedrooms, 2 baths as well as a generous laundry & storage room. Unit B is a second floor unit with 3 bedrooms, 2 bathrooms, large dining room & living room with a beautiful fireplace. Easy cosmetic updates to increase value and 1 unit under current market rent. Current tenants are fantastic and have leases that are month to month but would love to stay if possible (willing to sign longer leases). Photos have been virtually decluttered originals can be found at 18512ndstreet.com.

Financial Summary (Actual - 2025) Click Here to Access

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99
Net Operating Income - -

Financial Summary (Actual - 2025) Click Here to Access

Gross Rental Income (CAD)
Annual $99,999
Annual Per SF $9.99
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $99,999
Annual Per SF $9.99
Taxes (CAD)
Annual $99,999
Annual Per SF $9.99
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $99,999
Annual Per SF $9.99
Net Operating Income (CAD)
Annual -
Annual Per SF -

Property Facts

Price $1,734,762 CAD
Price Per Unit $867,381 CAD
Sale Type Investment
Cap Rate 4.38%
No. Units 2
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.10 AC
Building Size 2,591 SF
Average Occupancy 100%
No. Stories 2
Year Built 1935
Parking Ratio 1.16/1,000 SF
Zoning HR 1.8 - Multifamily Residential Zoning District

Amenities

Unit Amenities

  • Balcony
  • Washer/Dryer
  • Sunroom

Site Amenities

  • Fenced Lot
  • Tenant Controlled HVAC
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+2 1 $3,886 CAD 873
3+2 1 $4,406 CAD 1,176
Moderately walkable
60/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
012-046-02
Land Assessment
$1,053,634 CAD
Improvements Assessment
$513,536 CAD
Total Assessment
$1,567,170 CAD
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
  • Listing ID: 39960180

  • Date on Market: 2026-03-30

  • Last Updated:

  • Address: 1851 2nd St, San Rafael, CA 94901

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