75 77 Woodland Avenue
San Rafael, CA 94901
- – beds
- – baths
- 4,498 sqft
- 9,004 sqft lot
- $755 per sqft
- – on site
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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.
Listing courtesy of BAREIS / John Garrett / Marcus & Millichap / Bought with Behzad Zandinejad / Bayview Residential
Last checked:
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Last updated Jun 27, 2024
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MLS# 324008006 —
The Building
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Subtype Description:Apartments
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# of Buildings:2
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# of Units Total:16
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SqFt:4,498 Sqft
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SqFt Source:Assessor Auto-Fill
Financial & Terms
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Terms:Not Reported
Location
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Directions:West on Du Bois St, North on Woodland Ave.
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Area:San Rafael
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Cross Street:Du Bois St
The Property
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Property Type:Residential Income
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Property Type:5 or More Units
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Lot Features:None
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9004Lot SqFt:
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Lot Size Measurement:Acres
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Lot Size Source:Assessor Auto-Fill
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0.2067Acres:
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Assessors Parcel Number:013-092-16
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Wall Furnace
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Cooling:Ceiling Fan(s), None
Utilities
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Water Source:Public
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Sewer:Public Sewer
Appliances
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Laundry Features:Other
The Community
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Association:No
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Cap Rate:5.48
Parking
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Total Parking Spaces:18.00
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Parking Features:Off Street, Side-by-Side, Uncovered
Extra Units
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# of Studio Units:8
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# of 1 Bedroom Units:4
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# of 2 Bedroom Units:4
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Unit 1 Type:Apartment
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Unit 1 Description:1x1
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Unit 1 Bedrooms:1
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Unit 1 Full Baths:1
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Unit 2 Type:Apartment
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Unit 2 Description:2x1
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/23/24
May 23, 2024
|
Sold | BAREIS | $3,400,000 | -7.4% |
4/2/24
Apr 2, 2024
|
Sold Subject To Contingencies | BAREIS | $3,670,000 | |
3/25/24
Mar 25, 2024
|
Listed / Active | BAREIS | $3,670,000 |