826 B StSan Rafael, CA 94901

Property Details for 826 B St

Year built

1890

Lot size

0.17 AC

Property size (Sq ft)

12,115 SF

Property type

Other commercial real estate

APN

011-262-16

APU

1126216

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $3,804,416

  Hospitality

  $3,484,824

  Educational

  $2,899,333

  Medical

  $2,999,046

  Retail

  $4,510,074

Location Insight

City

San Rafael

County

Marin

State

California

Latitude

37.9718

Longitude

-122.529

CBSA code

41860

CBSA name

SAN FRANCISCO-OAKLAND-FREMONT, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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