$2,800,000

Estimated payment $18,428/month

Total Views 8,063
11 Beds
-- Bath
4,914 Sq Ft
$570 Price per Sq Ft

Highlights

  • 0.5 Acre Lot
  • View of Hills
  • Laundry Facilities
  • Terra Linda High School Rated A-
  • Central Heating

About This Home

8-units. Welcome to the Merrydale View Apartments, ideally situated at the top of a cul-de-sac on the west side of the freeway in San Rafael's vibrant Civic Center area. This two-story bread-and-butter building comprises a mix of three spacious two-bedroom and five comfortable one-bedroom apartments catering to various lifestyle preferences. Nestled against a picturesque hillside, the property offers breathtaking views across Terra Linda, providing a serene and scenic living environment. Residents can take advantage of convenient off-street parking and an on-site laundry facility. The lower units feature a charming fenced-in patio, while upper units boast a delightful view deck. Constructed in 1960, this building is wood frame on a concrete perimeter foundation.

Listing Agent

Michael Burke

Golden Gate Sotheby's License #00454938

Golden Gate Sotheby's

Co-Listing Agent

Pamela Burke

Golden Gate Sotheby's License #02156257

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 0.5 Acre Lot

Home Design

  • Flat Roof Shape
  • Concrete Foundation
  • Stucco

Interior Spaces

  • 4,914 Sq Ft Home
  • 2-Story Property
  • Views of Hills

Parking

  • 8 Open Parking Spaces
  • 8 Parking Spaces
  • Off-Street Parking

Utilities

  • No Cooling
  • Central Heating
  • Individual Gas Meter

Community Details

  • 8 Units
  • Laundry Facilities
  • Gross Income $247,300

Listing and Financial Details

  • Assessor Parcel Number 179-222-15

Property Details

Home Type

Multi-Family

Year Built

Built in 1960 | Remodeled

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: N San Pedro exit, west. Left on Merrydale to the end.
  • Lot Size Acres: 0.5006
  • CapRate: 5.70
  • Levels: Two
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Square Footage: 4914.00
  • NumberOfBuildings: 1

Exterior Features

  • Construction Materials: Stucco, Wood
  • Foundation: Concrete Perimeter
  • Lot Features: None
  • Property Condition: Updated/Remodeled
  • Roof: Flat
  • View: Hills

Garage/Parking

  • Parking Features: Off Street
  • Total Parking Spaces: 8.00
  • OpenParkingSpaces: 8.00

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central
  • Laundry Features: Coin Operated
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 179-222-15
  • Lot Size Sq Ft: 21806.00

Rental Info

  • TenantPays: Electricity, Gas, See Remarks

Building Info

  • Year Built: 1960

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: 2195
  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: 2474-2844
  • Number Of1 Bedrooms Occupied: 3
  • Number of 1 Bedroom Units: 5
  • Number Of2 Bedrooms Occupied: 3
  • Number of 2 Bedroom Units: 3
  • NumberOfUnitsTotal: 8

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2025 02/13/25 For Sale $2,800,000 0.0% $570 / Sq Ft
02/09/2025 02/09/25 Off Market $2,800,000 -- --
10/11/2024 10/11/24 For Sale $2,800,000 +2.8% $570 / Sq Ft
02/09/2017 02/09/17 Sold $2,725,000 0.0% $545 / Sq Ft
02/01/2017 02/01/17 Pending -- -- --
01/09/2017 01/09/17 For Sale $2,725,000 -- $545 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 324081809

Bay Area Real Estate Information Services (BAREIS)

APN: 179-222-15