826 B St San Rafael, CA 94901

This exceptional mixed-use property at 826-832 B Street, San Rafael, CA 94901, offers a compelling investment opportunity. The 11,519 square foot building boasts street-level retail space and a substantial single-room occupancy (SRO) component spanning three floors. Currently, the SRO is leased to a local non-profit providing transitional housing, with the lease expiring in November 2025. This presents a unique value-add prospect for an SRO operator or developer seeking to capitalize on the property's potential after lease expiration. The building's strong financial performance is highlighted by an 8.39% cap rate and a net operating income (NOI) of $150,939, with an asking price of $1,800,000 ($156.26/sq ft). Located in the heart of downtown San Rafael, Marin County, this property benefits from excellent visibility and accessibility. The property's APN is 011-262-16. This is a rare chance to acquire a well-situated SRO building in a thriving California market, ripe for repositioning and increased profitability. The current tenant's departure in November 2025 opens the door for significant value creation through strategic redevelopment or repositioning. This property is a strong contender for investors seeking a value-add strategy in a prime location.