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Woodland Park & Gardens

65 Units - San Rafael

LISTED

$11,875,000

Investment Overview

Located in the heart of highly sought-after Marin County, this 65-unit multifamily community offers investors the rare combination of scale, location, and long-term upside in one of the Bay Area’s most affluent and supply-constrained rental markets. Situated on approximately 2.18 acres across three parcels, the property is comprised of 10 well-maintained residential buildings located just moments from downtown shopping, dining, public transit, and major commuter routes.


The property features a desirable and balanced unit mix consisting of 1 three-bedroom unit, 30 two-bedroom units, 32 one-bedroom units and 2 studio units, providing broad market appeal and durable occupancy fundamentals. Residents benefit from a strong amenity package including a swimming pool, multiple outdoor picnic and recreation areas, on-site laundry facilities, covered and open parking.


Recent capital improvements have significantly enhanced the asset’s condition and curb appeal, including vinyl dual-pane windows throughout, updated two-tone exterior paint, replastered swimming pool, new electrical subpanels and eight new roofs. The property presents an attractive blend of stabilized cash flow and future value-add potential through continued operational optimization and significant rental upside.


Opportunities to acquire a multifamily asset of this size in Marin County are exceptionally limited. With its premier Central Marin location, strong physical infrastructure, and attractive resident amenities, the property is well-positioned to benefit from continued demand drivers and long-term rental growth within one of Northern California’s most resilient apartment markets.


Property Details

Price

$11,875,000

Units

65

Unit Mix

1 - 3x1, 30 - 2x1, 32 - 1x1, 2 - Studio,

Rentable SF

41,445 SF

Floors

Varies By Building

Year Built

1955 & 1957

Property Location

45 Woodland Ave, San Rafael, CA 94901, USA

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