105 Canal St | San Rafael, CA 94901
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- LoopNet Team
105 Canal St
San Rafael, CA 94901
Canal Vista · Multifamily 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 | Lot Size | 0.37 AC |
| Property Type | Multifamily | Building Size | 9,400 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1964 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 9,400 SF |
| Average Occupancy | 100% |
| No. Stories | 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
| Parcel Number | 017-262-23 | Improvements Assessment | $691,808 |
| Land Assessment | $358,439 | Total Assessment | $1,050,247 |
PROPERTY TAXES
Parcel Number
017-262-23
Land Assessment
$358,439
Improvements Assessment
$691,808
Total Assessment
$1,050,247
zoning
| Zoning Code | R-3 |
| R-3 |
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