29 1st St
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29 1st St
5 Unit Apartment Building $5,895,000 ($1,179,000/Unit) 5.03% Cap Rate Corte Madera, CA 94925
Investment Highlights
- Newly Renovated.
- New HVAC units installed 2024.
- Fully Leased.
- City parking in front and alongside the building.
Executive Summary
This listing is a turnkey 100% leased investment opportunity for a buyer. There are five apartment units on the second and third floor penthouse with some units having views of San Pablo Bay. The apartment units have been totally renovated with new fixtures
including brand new kitchen offering higher end appliances, new cabinets and counter tops and flooring and new HVAC units and electrical panels.
The first floor has three retail tenants offer an elegant appeal to the entrance of the building. There is street identity with frontage and parking in front of their space. They include a successful hair salon, consignment store and spa. All 3 leases are for a minimum of 5 years.
including brand new kitchen offering higher end appliances, new cabinets and counter tops and flooring and new HVAC units and electrical panels.
The first floor has three retail tenants offer an elegant appeal to the entrance of the building. There is street identity with frontage and parking in front of their space. They include a successful hair salon, consignment store and spa. All 3 leases are for a minimum of 5 years.
Property Facts
Site Amenities
- On-Site Retail
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | 281 - 421 |
| 1+1 | 1 | - | 657 |
| 2+1 | 1 | - | 1,336 |
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Walk Score ®
Very Walkable (78)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,283,600 | |
| Land Assessment | $918,753 | Total Assessment | $3,202,353 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$918,753
Improvements Assessment
$2,283,600
Total Assessment
$3,202,353
zoning
| Zoning Code | C-1, Corte Madera (Neighborhood Commercial) |
| C-1, Corte Madera (Neighborhood Commercial) |
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LEGEND REAL ESTATE Theresa Teuma -
Barry Palma
- LEGEND REAL ESTATE
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29 1st St
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