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105 Canal St
San Rafael, CA 94901

Canal Vista · Residential Property For Sale · 12 Units

Investment Highlights

  • Value-Add Opportunity
  • Unit Rents On Average 58% Below Market
  • 83% (10/12) of Leases Qualify for Rent Increase in December 2023
  • Opportunity Zone Location
  • Year 2 Income With Allowed Increases at 5.53% CAP
  • Proforma Cap Rate 7.92% / GRM 8.70

PROPERTY FACTS

No. Units 12
Property Type Residential
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.37 AC
Building Size 9,400 SF
Average Occupancy 100%
Number of Floors 3
Year Built 1964

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
1+1 4 - -
2+1 4 - -
3+2 4 - -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
017-262-23
Land Assessment
£285,110
Improvements Assessment
£550,278
Total Assessment
£835,387

zoning

Zoning Code R-3
R-3
  • Listing ID: 29018162

  • Date on Market: 17/07/2023

  • Last Updated:

  • Address: 105 Canal St, San Rafael, CA 94901

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