Woodland Park Apts

Address
45 Woodland Avenue
San Rafael, CA

Marketing Package (click here)

The subject property is a clean, well maintained 32 unit apartment complex located in the Bret Harte neighborhood of the Central Marin County hub of San Rafael. Woodland Park has been extensively renovated over the past 2 years, offering a low maintenance investment and very stable income stream.
Situated in 5 buildings on a gently sloping site, the unit mix of 8 - two bedroom one bath, 23 – one bedroom one bath, and 1 – studio units suits a full range of renters from singles to small families.

The stucco exterior and newly renovated interiors offer the Buyer the opportunity to focus on marketing and improving the income for the property instead of maintenance and repair of deferred maintenance. In addition, due to its location, Woodland Park attracts a stable working class tenant base. Amenities include: pool, laundry, storage, and some patios and air conditioners.

20 minutes from Downtown San Francisco and located in the heart of Marin County near downtown San Rafael, this sub area is known as Bret Harte. San Rafael has a growing population of 57,146 residents. The median home price for San Rafael is $841,000. The San Rafael rental sub-market boasts the largest employment base in Marin County which translates into an astounding apartment occupancy rate at the time of this writing of over 97.5%.

Marin County boasts an impressive 3.9% unemployment rate versus Bay area at 4.9% and the State of California at 5.2%*. San Rafael offers the vast majority of job opportunities in the county due to the number of offices, retail centers, and employers within the city. San Rafael is the home to 10 companies with over 250 employees including Autodesk, Fair Isaac, Lucasfilm Ltd., MHN, Macy’s, Kaiser Permanente, and Dominican University. Marin County has a population of 252,485 and a median home price of $775,000.