440 Canal StSan Rafael, CA 94901

Property Details for 440 Canal St

Year built

2001

Lot size

0.14 AC

Property size (Sq ft)

1,764 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional Class A, 3-unit apartment building at 440 Canal St, San Rafael, CA 94901, presents a compelling investment opportunity. Boasting 1,764 square feet across three units (two studios and one 1-bedroom, 2-bathroom two-story unit), this 2001-built property offers 100% occupancy, with a current occupancy date of November 7, 2024. Situated on a 0.14-acre lot, the building features three stories and includes desirable amenities such as private garages with remote openers for all tenants, a private dock with two boat slips, and an electric entrance gate with remote access. The property's location directly on the Canal provides unparalleled privacy and convenience, while its proximity to shopping, entertainment, and employment opportunities enhances its appeal. The asking price is $1,200,000, representing a price per unit of $400,000. This "trophy asset" is the newest apartment building in San Rafael's Canal submarket, offering a rare combination of luxury, location, and strong rental income. Tours are available on November 15th from 11:00 AM to 12:30 PM and November 21st from 3:00 PM to 4:30 PM.

Location Insight

City

San Rafael

County

Marin

State

California

Latitude

37.966

Longitude

-122.509

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