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  • MLS® #: 22002367
  • 509 Canal St
  • San Rafael, CA 94901-4177
  • $7,000,000
  • 21236 SQ. Feet, 0.62 Acres
  • Multi-Unit 5+

The Harbor View Apartments are a 28-unit complex in the Canal'' area of San Rafael. There are 3-3BR apartments and 25-2BR units. Overall the building is in average condition and in need of remodeling and upgrading. Current rents are significantly below market rates. The property is in an opportunity zone.'' It offers an opportunity for an investor to come in and remodel the units to take advantage of the significant tax savings in doing so, which adds value to the property. The building was built in 1961 and is a garden courtyard design around a center swimming pool. There is covered parking along one side of the building providing one space per tenant. The building has two water heaters and a common laundry room. Unit sizes are slightly below average, with most 2BR's at 720 sf. Gas fired wall heaters provide the heating and kitchens feature a gas stove.

Essential Information

  • MLS® #22002367
  • Price$7,000,000
  • Square Footage21,236
  • Acres0.62
  • Year Built1961
  • TypeMulti-Unit 5+
  • Sub-TypeMulti Unit 5+
  • StatusActive

Community Information

  • Address509 Canal St
  • AreaSan Rafael
  • CitySan Rafael
  • CountyMarin
  • StateCA
  • Zip Code94901-4177

Amenities

  • Parking Spaces28
  • GaragesCarports, Covered

Exterior

  • ExteriorStucco
  • Lot DescriptionLevel
  • RoofTar & Gravel
  • FoundationCC Slab

Additional Information

  • Days on Website59
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  • Agent: Michael J Burke
  • Office: Golden Gate Sotheby's International Realty

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Data last updated: April 4th, 2020 at 11:05am PDT and updating occurs quarter-hourly

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