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Listed by Adam Foley • CBRE, Inc., DRE#02144332
$2,675,000
Est. payment /mo
3 Beds
2 Baths
4,914 SqFt
New
7 Merrydale RD San Rafael, CA 94903
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Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 4,914 sqft
Price per Sqft $544
MLS Listing ID ML82053545
Bedrooms 3
Full Baths 2
Year Built 1960
Lot Size 0.501 Acres
Property Sub-Type Five or More Units
Property Description
7 Merrydale Road (the Property) is a multifamily asset built in 1965 situated on a generously sized lot and comprised of eight (8) units. The Property features a unit mix of five (5) one-bedroom/one-bathroom and three (3) two-bedroom/one-bathroom floorplans. Several units have been tastefully renovated as tenants have turned, and recent capital improvements include new electrical subpanels, water heaters, and furnaces throughout, ensuring modern mechanical systems and reduced near-term capital requirements for an incoming investor. Each unit benefits from its own individual water heater and furnace, providing residents with independent climate and utility control a meaningful amenity that limits owner utility exposure and enhances tenant satisfaction. The Property also features on-site laundry and commanding views of the surrounding Marin hillsides, adding to its strong appeal among prospective renters. Merrydale Views premier location in San Rafael positions it at the heart of one of the most desirable residential communities in Marin County. Residents enjoy convenient access to Highway 101 and proximity to major employment centers across the North Bay and broader Bay Area, while benefiting from the exceptional quality of life Marin is renowned for.
Location
State CA
County Marin
Area San Rafael
Interior
Heating Wall Furnace
Cooling Other
Exterior
Parking Features Common Parking Area
Utilities Available Individual Electric Meters, Individual Gas Meters, Natural Gas, Public Utilities
Roof Type Flat / Low Pitch
Building
Foundation Crawl Space
Sewer Sewer - Public
Water Public
Others
Restrictions None
Tax ID 179-222-15
Security Features Other
Special Listing Condition Not Applicable
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