All 4+ Unit Current Listings

The following is a summary of all Marin apartment buildings actively on the market for sale or that have recently sold; not just my own listings. It is prepared for the benefit of those I consider to have a client relationship with and is not meant for general public viewing.

Last updated: 09/19/2019

4+ Unit Properties (Duplex and Triplex follow)

***** RECENT CHANGES

The market is HOT; call me immediately if any of these properties spark an interest.

$1,220,000 - 4 units-SOLD 07/31/19
San Anselmo - 1107 San Anselmo Ave
Original asking price $1,100,000. Sale Pending over asking with eight offers. 4-1BR units in a basic 2 story building close to downtown. No covered parking, but priced at 12.7GRM.
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$1,318,000 - 4 units - SOLD 07/27/19
San Rafael - 19 Ross Street
Original asking price $1,495,000. Gerstle Park area. Victorian divided into three units plus a 3BR cottage behind. Great location.
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$1,556,600 - 4 units - SOLD 08/22/19
Novato - 1129 Third St
Original asking price $1,575,000. Extremely low rents ($1250-$1,600).
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$1,875,000 - 5 units - AVAILABLE
San Rafael - 15 Mariposa
Original asking price $1,950,000. 1-2BR and 4-1BR near Gerstle Park. Two units restricted to Sec 8 tenants.
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$2,100,000 - 7 units - SOLD 08/14/19
San Rafael - 28 Ross St
Seven Jr-1BR apartments in great Gerstle Park location. Five apartments updated. 15.1 GRM.
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*****
$2,015,000 - 4 units - SOLD 09/17/19

Mill Valley - 530 Ethel Ave
Original asking price $2,350,000. 1905 Victorian with 1-2BR and 3-1BR units. Great location.
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$2,400,000 - 8 units - SALE PENDING
San Rafael- 390 Woodland
4-1BR and 4 studios on a level lot. 1947 construction.
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*****
$3,000,000 - 10 units - SALE PENDING

Fairfax - 300 Olema
Basic 1960's building in original condition, ready for remodeling. 6-2BR and 4-1BR. Priced at 15.3 times existing low rents.
Not on MLS; Call for more details

$2,995,000 - 5 units - AVAILABLE
Kentfield - 11 Hillside
Nice modern architectural design with vaulted ceilings and lots of glass. 3-studios and 2-1BR. Great location, but pricey.
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$3,195,000 - 6 units - AVAILABLE
Mill Valley - 1 Shelley Dr
4-2BR and 2-1BR in a close-in Mill Valley location. Need updating and priced well above market.
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$3,300,000 - 11 units - AVAILABLE
San Anselmo - 1586 Sir Francis Drake
Nice building built in 1956 with some upgrades. Road noise from Sir Francis Drake. 5-2BR ($2,000-$2,200) and 6-1BR ($1,50-$1,700). Priced at 14 times existing low rents.
Not on MLS; Call for more details

$3,450,000 - 6 units - AVAILABLE
Mill Valley - 410 Shoreline Hwy
Original asking price $3,600,000. 4-2BR and 2-1BR with garages.
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$3,999,999 - 6 units - AVAILABLE
Mill Valley - 25 Rogue Moraes
4-2BR and 2-1BR in a close-in Mill Valley location.
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$5,600,000 (est) - 14 units - SALE PENDING
Mill Valley - 2-10 Shelley Drive
Sale Pending with five offers! Close-in commute location.12-2BR and 2-1BR
Not on MLS; Call for more details

$7,100,000 - 20 Units - SOLD 08/16/19
San Rafael - 285 Woodland Ave
"FEATURED PROPERTY"
Hilltop settling offers views across San Rafael. Three story security building built in 1989. Great condition and upside in rents.
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$8,305,000 - 24 units - SOLD 09/06/19
Novato - 707 Diablo Ave
Original asking price $8,495,000. 21-2BR and 1-3BR with newer pool and roof and dual pane windows. Upside in rents. 15.0 GRM at current rents.
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$13,250,000 - 20 units - AVAILABLE
San Anselmo - 108 Ross St
Now on the market packaged with seven units accross the street. Nicely remodeled buildings close to downtown. Townhouse units. 10-3BR and 10-2BR. Underground parking.
Not on MLS, call for more information.

$10,700,000 - 15 units - AVAILABLE
Mill Valley - 505-515 Miller Ave
Mixed use luxury building built in 2010. Two live work spaces, 6 apartments and retail below.
More details
*****
$ 21,000,000- 32 units - AVAILABLE, PRICE REDUCED

Corte Madera - 1441 Casa Buena
Original asking price $23,250,000. Extensively renovated in 2018. Call for thoughts on pricing. Mostly 2BR
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Michael J Burke
500 Drakes Landing Rd.
Greenbrae, CA 94904
mburke@marinapartments.com
415.877.1077
Lic #00454938
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