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    534 Canal Street

    San Rafael, CA 94901
    • $1,700,000
    • STATUS: Active
    • ON SITE: 36 days
    • ID#: PW20218101
    UPDATED: 73 min ago
    $1,700,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,688
      SQFT
    • $363
      $/SQFT
    Type:
    Commercial
    Built:
    1961
    County:

    School Ratings & Info

    Description

    Great investment gem! This family owned 3 story, 5 unit water front is situated in a high demand and easy to rent area in Marin County. The property has boat access to the canal and near transportation, shopping and more. 3 units have 2 bedrooms 1 bath and 2 units are 1 bedroom 1 bath, all very spacious and roomy. Some units are recently remodeled. All units have electric stoves and their own connection to electricity but the building has 1 gas water heater that is shared with all units. New roof installed in 2013 and 4 units have new furnace installed 3 years ago. 2 Laundry rooms are on the 1st and 2nd floors, shared by 4 of the units. Apartment 5 is entirely on the 3rd floor and has it's own private laundry room with electric dryer, a small room that can be used as an office space or a second bathroom can be added. This unit has a street view and a balcony with a water view. Overall, 3 units have a water view and all units have either a private patio/balcony. 7 private parking spaces and un-restricted public parking available. The owner is working on stilts/pillars on the water that need reinforcement/repair and possibly installing a new dock. Rent amounts are only an estimate based on current market for informational purposes only. So much potential in a growing and promising area in San Rafael! Don't miss out!

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-26T21:25:44.417. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

    www.hartcoastal.com/homes/111197321
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    534 Canal Street San Rafael, CA 94901

    • Price: $1,700,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: PW20218101
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    4,688
    SQFT
    $363
    $/SQFT
    1961
    Built
    County:
    Marin
    Property Description
    Great investment gem! This family owned 3 story, 5 unit water front is situated in a high demand and easy to rent area in Marin County. The property has boat access to the canal and near transportation, shopping and more. 3 units have 2 bedrooms 1 bath and 2 units are 1 bedroom 1 bath, all very spacious and roomy. Some units are recently remodeled. All units have electric stoves and their own connection to electricity but the building has 1 gas water heater that is shared with all units. New roof installed in 2013 and 4 units have new furnace installed 3 years ago. 2 Laundry rooms are on the 1st and 2nd floors, shared by 4 of the units. Apartment 5 is entirely on the 3rd floor and has it's own private laundry room with electric dryer, a small room that can be used as an office space or a second bathroom can be added. This unit has a street view and a balcony with a water view. Overall, 3 units have a water view and all units have either a private patio/balcony. 7 private parking spaces and un-restricted public parking available. The owner is working on stilts/pillars on the water that need reinforcement/repair and possibly installing a new dock. Rent amounts are only an estimate based on current market for informational purposes only. So much potential in a growing and promising area in San Rafael! Don't miss out!
    Exterior Features

    Lot Features PavedWalkstreet Lot Size Source Assessor Lot Size Units Square Feet Parking Total 7.00 Uncovered Spaces 7.00 Waterfront Features Canal FrontCreek

    Interior Features

    Condo Area Units Square Feet Cooling None Cooling YN No Heating Central Heating YN Yes Laundry Features Gas Dryer HookupIndividual RoomInsideSee RemarksWasher Hookup

    Property Features

    Accounting Type Actual Additional Parcels YN No Building Area Units Square Feet Building Status Existing Cap Rate 6.52 Country Us Exclusions Washers & Dryers Expense Year 2019 Gross Scheduled Income 144000.00 Insurance Expense 4217.00 Land Lease YN No Land Use Multi-Family Laundry YN Yes Leasable Area Units Square Feet Maintenance Expense 1000.00 Max Total Area Units Square Feet Min Total Area Units Square Feet Net Operating Income 110837.00 Occupancy Available Operating Expense 33163.00 Other Expense 150.00 Property Sub Type Multi Family Real Estate Tax Expense 20696.00 Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Special Listing Conditions Standard Tax Annual Amount 20696.00 Tax Year 2019 Total Expenses 33163.00 Trash Expense 5000.00 Utilities Electricity ConnectedSewer ConnectedWater Connected Water Sewer Expense 2100.00 Water Source Public

    Listing provided courtesy of Liz Pineda of Liz Pineda Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-11-26T21:25:44.417. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Hart Coastal Group. Licensed in the State of California, USA.

     
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    San Clemente CA, 92672