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    4140 Redwood Highway

    San Rafael, CA 94903
    • $3,750,000
    • STATUS: Active
    • ON SITE: 38 days
    • ID#: 22029238
    UPDATED: 13 min ago
    $3,750,000
    • 0
      BEDS
    • 0.42
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 12,076
      SQFT
    • $311
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:
    Area:

    School Ratings & Info

    Description

    This unique mixed-use property is located on the southeast corner of Redwood Highway and Professional Center Parkway in northern San Rafael. Providing a great unit mix of five (5) commercial spaces and six (6) residential units, the subject property generates strong income from its diverse tenant base. Located in a high visibility area on the frontage road parallel to highway 101, the building provides easy access to shopping, public transportation, and other city amenities.

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    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or W Real Estate | Luxury Team. Data last updated: 2021-01-15T20:56:06.617.
    www.buywinecountryproperties.com/homes/112451603
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    4140 Redwood Highway San Rafael, CA 94903

    • Price: $3,750,000
    • Status: Active
    • Updated: 13 min ago
    • ID#: 22029238
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.42
    Acres
    12,076
    SQFT
    $311
    $/SQFT
    1964
    Built
    Neighborhood:
    San Rafael
    County:
    Marin
    Area:
    San Rafael
    Property Description
    This unique mixed-use property is located on the southeast corner of Redwood Highway and Professional Center Parkway in northern San Rafael. Providing a great unit mix of five (5) commercial spaces and six (6) residential units, the subject property generates strong income from its diverse tenant base. Located in a high visibility area on the frontage road parallel to highway 101, the building provides easy access to shopping, public transportation, and other city amenities.
    Exterior Features

    Carports 0 Exterior Concrete BlockPlasterStucco Foundation Construct Cc Slab Garages 0 Lot Description Level On Site Parking Off StreetUncovered Open Uncovered Spaces 25 Roof Other Rv Boat Spaces 0 Type 2 StoryMixed Use Underground Spaces 0

    Interior Features

    Heat Cool 2 Window Unit Incl.Central HeatIndividual

    Property Features

    1 Bdrm Ann Occupancy 100.00 1 Bdrms Occupied 1 1 Bedroom Rent Range 1700 1 Bedrooms 1 2 Bdrm Ann Occupancy 100.00 2 Bdrms Occupied 2 2 Bedroom Rent Range 1750 2 Bedrooms 2 3 Bdrm Ann Occupancy 0.00 3 Bdrms Occupied 0 3 Bedroom Rent Range 0 3 Bedrooms 0 4 Bdrm Ann Occupancy 0.00 4 Bdrms Occupied 0 4 Bedroom Rent Range 0 4 Bedrooms 0 Actual Or Projected Actual Auction No Cap Rate 5.50 City Transfer Tax Yes City Transfer Tax Rate 0.00 Comm Units Rent Rang 1400-8000 Commercial Units 5 Common Int Dev No Est Insurance Exp 16000.00 Est Maintenance Exp 3000.00 Est Management 0.00 Est Misc Expenses 9467.00 Est Net Income 228699.00 Est Taxes 42634.00 Est Total Annual Exp 76101.00 Est Utilities Exp 5000.00 Expense Source Owner Furnished Units 0 GRM 12.30 Gross Scheduled Inc 304800.00 Guest Spaces 0 Laundry Appliance Other Lease Deposit 0.00 Lot Size Source (Realist Public Rec) Monthly Expenses 6341.75 Monthly Income 25400.00 Multifamily Type Multi Unit 5+ New Construction Or Resale Resale Operating Exp Inc ElectricityGarbageInsuranceMaintenanceMiscellaneousTaxes/AssessmentsWater Planned Unit Develop No Sewer Septic Sewer Public Square Footage Source Realist Public Rec Studio Ann Occupancy 100.00 Studio Rent Range 1500-1750 Studios 3 Studios Occupied 3 Transaction Type Sale Water Source Water-Public Year Built Source Appraiser Zoning Gc

    Listing information © 2021 Bay Area Real Estate Information Services.
    Listing courtesy of Paul Cingolani of Berkshire Hathaway.


    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or W Real Estate | Luxury Team. Data last updated: 2021-01-15T20:56:06.617.
     
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