Woodland Apartments presents a compelling opportunity to acquire a stabilized multifamily asset with substantial rental upside. The property is conveniently located less than 1 mile from downtown San Rafael and immediately proximate to neighborhood retail and employment opportunities. The property is comprised of two 8-unit residential buildings, on two adjoining parcels, that mirror one another across a central driveway and parking area. The combined unit mix incudes (8) studio apartments, (4) 1-bed/1-bath apartments, and (4) 2-bed/1-bath apartments. The buildings benefit from recent upgrades - nine of the units have been updated since 2018 with select units being improved with new paint, flooring, cabinetry, countertops, lighting, dual-pane windows, and stainless steel appliances. Seven of the current tenants have resided at the property for five or more years, a testament to the desirability of the property and its location. Woodland Apartments is a bread and butter investment asset, positioned to provide its new owner with immediate, reliable cash flow and long term appreciation in a highly constrained, blue-chip Bay Area submarket.
Property Details
Property Features
Property Information:
Living Area: 4,498 SqFt
Listing Office:
Office Name: Marcus & Millichap
Office Phone: (818) 212-2700, 0
Listing Agent: John W Garrett
Exterior Features
Parking Information:
Parking: Off Street, Side-by-Side, Uncovered
Lot Features
Lot Information:
Lot Size: 0.21 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Ceiling Fan(s), None
School Info
Assigned Schools Information:
San Rafael High School, Public District Grades 9-12
Terra Linda High School, Public District Grades 9-12
James B. Davidson Middle School, Public District Grades 6-8
Laurel Dell Elementary School, Public District Grades KG-5
Short Elementary School, Public District Grades KG-2
Coleman Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: West on Du Bois St, North on Woodland Ave.
Price Information
Listing Price Info
Price Summary:
List Price: $3,670,000
Price Per SqFt: $816/SqFt
Tax Information:
Annual Amount: $16,634
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in San Rafael, CA.
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Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$16,634
$577,871
2020
$16,524
$571,967
2019
$15,646
$560,815
2018
$15,327
$549,883
2017
$15,327
$539,165
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
4
/10
Laurel Dell Elementary School
225 Woodland Ave
Distance between this listing and this school0.47 miles
Public District Grades KG-5
2
/10
Short Elementary School
35 Marin St
Distance between this listing and this school1.02 miles
Public District Grades KG-2
5
/10
Coleman Elementary School
800 Belle Ave
Distance between this listing and this school1.07 miles
Public District Grades KG-5
Middle School
5
/10
James B. Davidson Middle School
280 Woodland Ave
Distance between this listing and this school0.44 miles
Public District Grades 6-8
High School
4
/10
San Rafael High School
185 Mission Ave
Distance between this listing and this school0.61 miles
Public District Grades 9-12
6
/10
Terra Linda High School
320 Nova Albion Way
Distance between this listing and this school3.24 miles
Public District Grades 9-12
Assigned Schools
4
/10
Laurel Dell Elementary School
225 Woodland Ave
Distance between this listing and this school0.47 miles
Public District Grades KG-5
2
/10
Short Elementary School
35 Marin St
Distance between this listing and this school1.02 miles
Public District Grades KG-2
5
/10
Coleman Elementary School
800 Belle Ave
Distance between this listing and this school1.07 miles
Public District Grades KG-5
Assigned Schools
5
/10
James B. Davidson Middle School
280 Woodland Ave
Distance between this listing and this school0.44 miles
Public District Grades 6-8
Nearby Schools
7
/10
Hall Middle School
200 Doherty Dr
Distance between this listing and this school1.82 miles
Public District Grades 5-8
7
/10
Adaline E. Kent Middle School
800 College Ave
Distance between this listing and this school1.83 miles
Public District Grades 5-8
Assigned Schools
4
/10
San Rafael High School
185 Mission Ave
Distance between this listing and this school0.61 miles
Public District Grades 9-12
6
/10
Terra Linda High School
320 Nova Albion Way
Distance between this listing and this school3.24 miles
Public District Grades 9-12
Nearby Schools
9
/10
Redwood High School
395 Doherty Dr
Distance between this listing and this school1.72 miles
The neighbors living near this home have an average income of $43,662. The majority of San Rafael, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
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This home is located at 75 Woodland Ave in San Rafael, CA and zip code 94901. This 4,498 square foot home sits on a 0.21 acre lot. It has been listed on Rocket Homes since February 08, 2024 and is currently priced at $3,670,000.
While more than 32 listings in San Rafael, CA in April 2024 were sold above asking price, there were more than 3 listings sold at asking price, and more than 9 were sold below. The number of homes for sale in San Rafael, CA increased by 26.9% between March 2024 and April 2024. In April 2024 median list price was $1,312,200 and the average listing age was 13 days.
From Rocket Homes Real Estate and based on county public records data.
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