75-77 Woodland Avenue

San Rafael, CA 94901

$3,670,000
Price
1
Beds
1
Bath
4,498 Sq. Ft.
$816 / Sq. Ft.
4,498
Sq. Ft.
$816
per Sq. Ft.

Description

Woodland Apartments presents a compelling opportunity to acquire a stabilized multifamily asset with substantial rental upside. The property is conveniently located less than 1 mile from downtown San Rafael and immediately proximate to neighborhood retail and employment opportunities. The property is comprised of two 8-unit residential buildings, on two adjoining parcels, that mirror one another across a central driveway and parking area. The combined unit mix incudes (8) studio apartments, (4) 1-bed/1-bath...Woodland Apartments presents a compelling opportunity to acquire a stabilized multifamily asset with substantial rental upside. The property is conveniently located less than 1 mile from downtown San Rafael and immediately proximate to neighborhood retail and employment opportunities. The property is comprised of two 8-unit residential buildings, on two adjoining parcels, that mirror one another across a central driveway and parking area. The combined unit mix incudes (8) studio apartments, (4) 1-bed/1-bath apartments, and (4) 2-bed/1-bath apartments. The buildings benefit from recent upgrades - nine of the units have been updated since 2018 with select units being improved with new paint, flooring, cabinetry, countertops, lighting, dual-pane windows, and stainless steel appliances. Seven of the current tenants have resided at the property for five or more years, a testament to the desirability of the property and its location. Woodland Apartments is a bread and butter investment asset, positioned to provide its new owner with immediate, reliable cash flow and long term appreciation in a highly constrained, blue-chip Bay Area submarket.
  1. Listed by John W Garrett • DRE #01421403 • Brokerage DRE #00662084 • Marcus & Millichap

Property Details for 75-77 Woodland Avenue

Cross Street
Du Bois St
Total Parking Spaces
18

Location

Listing Courtesy of Marcus & Millichap, John W Garrett, DRE #01421403
Add your commute
LISTING UPDATED: 04/02/2024 03:50 PM

Property Details for 75-77 Woodland Avenue

StatusContingent - Show
MLS #324008006
Days on Compass50
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built-
Lot Size0.21 AC / 9,003 SF
CountyMarin County

Location

Listing Courtesy of Marcus & Millichap, John W Garrett, DRE #01421403
Add your commute

Building Information for 75-77 Woodland Avenue

Stories-Residences-Year Built-Building Size-Lot Size0.21 AC / 9,003 SF

Payment Calculator

$20,029 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,029

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 75-77 Woodland Avenue

Summary
Location and General Information
  • Area/District: San Rafael
  • Area Short Display: A2300
  • Directions to Property: West on Du Bois St, North on Woodland Ave.
  • Area Long Display: San Rafael
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 013-092-16
Parking
  • Parking Features: Off Street, Side-by-Side, Uncovered
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Open Parking Spaces: 0
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 4498.0
  • Square Footage Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 9004.0
  • Lot Features: None
Property and Assessments
  • Picture Count: 27
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Any offer of compensation is made exclusively to Broker Participants of the MLS where the subject listing is filed.<BR> Copyright &copy; 2024 Bay Area Real Estate Information Services, Inc. All rights reserved.<BR>Copyright</A> &copy;2024 <A name="trans">Rapattoni Corporation. All rights reserved.</A><BR>U.S. Patent 6,910,045
  • Actual or Scheduled: Scheduled
  • Gross Rent Multiplier: 10.33
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
Interior and Exterior Features
Exterior Features
  • # of Floors: 0
Interior Features
  • Heating: Wall Furnace
  • Cooling: Ceiling Fan(s), None
  • Laundry Features: Other
  • # of Guest Space(s): 0
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 4
  • 1 Bedroom Rent Range: 1820-2400
  • 1 Bedroom Annual Occupancy: 100.00%
  • # of 1 Bedrooms Occupied: 4
2 Bedroom Unit
  • # of 2 Bedroom Units: 4
  • 2 Bedroom Rent Range: 1735-1975
  • 2 Bedroom Annual Occupancy: 100.00%
  • # of 2 Bedrooms Occupied: 4
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Rent Range: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 2
  • # Of Units Total: 16
  • # of Studio Units: 8
  • # Studios Occupied: 8
Unit 1
  • Unit 1 Bedrooms: 1
  • Unit 1 Description: 1x1
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 0
  • Unit 1 Approx SqFt: 0
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Description: 2x1
  • Unit 2 Full Baths: 0
  • Unit 2 # of Rooms: 0
  • Unit 2 Approx SqFt: 0
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 0
  • Unit 3 Approx SqFt: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 0
  • Unit 4 Approx SqFt: 0

Property History for 75-77 Woodland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 75-77 Woodland Avenue

This home is within San Rafael City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Coleman Elementary School
PublicK to 5

Laurel Dell Elementary School
PublicK to 5

James B. Davidson Middle School
Public6 to 8

Terra Linda High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, John W Garrett, DRE #01421403

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.