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29 1st St 9 Unit Apartment Building $6,987,000 CAD ($776,333 CAD/Unit) 5.67% Cap Rate Corte Madera, CA 94925
Investment Highlights
- Core Marin Location
- Fully Renovated & Turnkey Investment
- High Cap Rate Opportunity
Executive Summary
*High Yield Downtown Corte Madera Opportunity
29 1st St (The Property) is a truly one-of-a-kind mixed use investment opportunity
in Corte Madera. Featuring two expansive first floor retail spaces, five fully renovated
residential units comprising three (3) large studios, one (1) one
bedroom, one bathroom unit, and one (1) penthouse taking up the entire top floor
with two bedrooms and one bathroom. The Property also features an additional
standalone single-story retail property with large storefront windows.
The Property offers investors the chance to acquire a diverse income producing
asset near downtown Corte Madera’s extensive shops, restaurants and amenities,
as well as close proximity to Highway 101.
Please reach out to the CBRE Listing Team for additional information.
29 1st St (The Property) is a truly one-of-a-kind mixed use investment opportunity
in Corte Madera. Featuring two expansive first floor retail spaces, five fully renovated
residential units comprising three (3) large studios, one (1) one
bedroom, one bathroom unit, and one (1) penthouse taking up the entire top floor
with two bedrooms and one bathroom. The Property also features an additional
standalone single-story retail property with large storefront windows.
The Property offers investors the chance to acquire a diverse income producing
asset near downtown Corte Madera’s extensive shops, restaurants and amenities,
as well as close proximity to Highway 101.
Please reach out to the CBRE Listing Team for additional information.
Property Facts
| Price | $6,987,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $776,333 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 5.67% | Building Size | 6,994 SF |
| Gross Rent Multiplier | 13.3 | Average Occupancy | 88% |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1923/2024 |
| Property Subtype | Apartment | ||
| Zoning | C-1, Corte Madera - Neighborhood Commercial | ||
| Price | $6,987,000 CAD |
| Price Per Unit | $776,333 CAD |
| Sale Type | Investment |
| Cap Rate | 5.67% |
| Gross Rent Multiplier | 13.3 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 6,994 SF |
| Average Occupancy | 88% |
| No. Stories | 3 |
| Year Built/Renovated | 1923/2024 |
| Zoning | C-1, Corte Madera - Neighborhood Commercial |
Amenities
Site Amenities
- On-Site Retail
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | - |
| 1+1 | 1 | - | - |
| 2+2 | 1 | - | - |
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $3,365,073 CAD | |
| Land Assessment | $1,311,429 CAD | Total Assessment | $4,676,501 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$1,311,429 CAD
Improvements Assessment
$3,365,073 CAD
Total Assessment
$4,676,501 CAD
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