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Eagle Rock Apartments 1052 Redwood Hwy Frontage Rd 25 Unit Apartment Building $9,995,000 ($399,800/Unit) 4.29% Cap Rate Mill Valley, CA 94941
INVESTMENT HIGHLIGHTS
- Two (2) Building, 25-Unit Apartment Complex
- New Salt-Water Pool
- Extensively Rehabilitated
- Approximately 6 Miles to Golden Gate Bridge
EXECUTIVE SUMMARY
Keegan & Coppin Co., Inc. is proud to offer this southern Marin County multi-family investment opportunity located just minutes from the best parts of the region. Eagle Rock Apartments was acquired in 2022 and has been in a constant state of rehabilitation since. It is located along the frontage road for Redwood Hwy and is walking distance to public transportation and the high-end Strawberry Village retail center.
PROPERTY FACTS
| Price | $9,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $399,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.33 AC |
| Cap Rate | 4.29% | Building Size | 9,905 SF |
| Gross Rent Multiplier | 16.03 | Average Occupancy | 92% |
| No. Units | 25 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 2.52/1,000 SF |
| Price | $9,995,000 |
| Price Per Unit | $399,800 |
| Sale Type | Investment |
| Cap Rate | 4.29% |
| Gross Rent Multiplier | 16.03 |
| No. Units | 25 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 9,905 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.52/1,000 SF |
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Views
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Picnic Area
- Pool
- Storage Space
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 19 | - | 350 |
| 1+1 | 6 | - | 543 |
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PROPERTY TAXES
| Parcel Number | 034-071-09 | Improvements Assessment | $5,028,400 |
| Land Assessment | $2,927,400 | Total Assessment | $7,955,800 |
PROPERTY TAXES
Parcel Number
034-071-09
Land Assessment
$2,927,400
Improvements Assessment
$5,028,400
Total Assessment
$7,955,800
ZONING
| Zoning Code | RMPC-7 (RMPC-7, Residential Commercial Planned (Unincorporated Marin County)) |
| RMPC-7 (RMPC-7, Residential Commercial Planned (Unincorporated Marin County)) |
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Eagle Rock Apartments | 1052 Redwood Hwy Frontage Rd
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