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    534 Canal Street

    San Rafael, CA 94901
    • $1,700,000
    • STATUS: Active
    • ON SITE: 196 days
    • ID#: PW20218101
    UPDATED: 14 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! This 3 story, 5 unit water front with boat access is situated in a high demand and easy to rent area in Marin County, near Dominican College in San Rafael, transportation, shopping, and so much 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. 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 just replaced stilts/pillars on the water with permits and is now working on a new dock, deck, new windows, and paint. So much potential in a growing and promising area in San Rafael! Don't miss out.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-05T18:38:24.99. 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 Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
    www.searchsocalrealestate.com/homes/111197321
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    534 Canal Street San Rafael, CA 94901

    • Price: $1,700,000
    • Status: Active
    • Updated: 14 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! This 3 story, 5 unit water front with boat access is situated in a high demand and easy to rent area in Marin County, near Dominican College in San Rafael, transportation, shopping, and so much 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. 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 just replaced stilts/pillars on the water with permits and is now working on a new dock, deck, new windows, and paint. So much potential in a growing and promising area in San Rafael! Don't miss out.
    Exterior Features

    Lot Features PavedWalkstreet Open Parking Spaces 7 Parking Total 7 Sign On Property YN No Waterfront Features Canal FrontCreek

    Interior Features

    Cooling None Cooling YN No Heating Central Heating YN Yes

    Property Features

    Additional Parcels YN No Cap Rate 5.88 Common Interest None Exclusions Washers & Dryers Gross Scheduled Income 133200 Insurance Expense 4217 Land Lease YN No Laundry Features Washer HookupGas Dryer HookupInsideLaundry RoomSee Remarks Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New LoanSubmit Maintenance Expense 1000 Net Operating Income 100037 Operating Expense 33163 Other Expense 150 Property Sub Type Multi Family Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Special Listing Conditions Standard Tax Annual Amount 20696 Tax Year 2019 Trash Expense 5000 Utilities Electricity ConnectedSewer ConnectedWater Connected Water Sewer Expense 2100 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 2021-05-05T18:38:24.99. 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 Rogers Realty Group/Berkshire Hathaway HomeServices California Properties. Licensed in the State of California, USA.
     
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    Rogers Realty Group/Berkshire Hathaway HomeServices California Properties
    1063 W Sixth Street
    Ontario CA, 91762