Daniel Silewicz 7076155988

37 Pacheco St 6 Unit Apartment Building $2,200,000 ($366,667/Unit) 4.13% Cap Rate San Rafael, CA 94901

INVESTMENT HIGHLIGHTS

3 Renovated Units
Seporate Electricity Meters.

TPO Roof Installed in 2022
Nice Tenant Amenities for Future Prospects

EXECUTIVE SUMMARY

North Bay Property Advisors is proud to offer for sale 37 Pacheco Street, San Rafael. This well maintained 6-unit multifamily investment opportunity was built in 1974 and totals approximately 3,204 square feet. The property consists of three studio units and three one-bedroom units. Three of the apartments have been extensively renovated with modern kitchens, updated bathrooms, and refreshed living spaces. Each unit is individually metered for electricity and features its own HVAC system, along with an in-unit washer and dryer, offering tenants convenience and privacy, and enhancing the desirability of future prospects. The exterior of the property includes nine off-street parking spaces, a new TPO roof installed in 2022, and private patios for tenants' enjoyment. This professionally managed and consistently maintained apartment complex presents a compelling opportunity for investors seeking a stable, turnkey asset in the heart of Marin County.

Pacheco_For Sale_V2

FINANCIAL SUMMARY (PRO FORMA - 2025)	ANNUAL	ANNUAL PER SF
Gross Rental Income	$155,101	$39.93
Other Income	-	-
Vacancy Loss	$4,653	$1.20
Effective Gross Income	$150,448	$38.74
Taxes	$35,120	$9.04
Operating Expenses	$24,379	$6.28
Total Expenses	$59,499	$15.32
Net Operating Income	$90,949	$23.42

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income
Annual	$155,101
Annual Per SF	$39.93

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	$4,653
Annual Per SF	$1.20

Effective Gross Income
Annual	$150,448
Annual Per SF	$38.74

Taxes
Annual	$35,120
Annual Per SF	$9.04

Operating Expenses
Annual	$24,379
Annual Per SF	$6.28

Total Expenses
Annual	$59,499
Annual Per SF	$15.32

Net Operating Income
Annual	$90,949
Annual Per SF	$23.42

PROPERTY FACTS

Price	$2,200,000	Apartment Style	Low-Rise
Price Per Unit	$366,667	Building Class	C
Sale Type	Investment	Lot Size	0.17 AC
Cap Rate	4.13%	Building Size	3,884 SF
Gross Rent Multiplier	14.18	Average Occupancy	0%
No. Units	6	No. Stories	2
Property Type	Multifamily	Year Built	1974
Property Subtype	Apartment	Parking Ratio	2.32/1,000 SF
Zoning	R/O - Residential / Office District

Price	$2,200,000
Price Per Unit	$366,667
Sale Type	Investment
Cap Rate	4.13%
Gross Rent Multiplier	14.18
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.17 AC
Building Size	3,884 SF
Average Occupancy	0%
No. Stories	2
Year Built	1974
Parking Ratio	2.32/1,000 SF
Zoning	R/O - Residential / Office District

UNIT AMENITIES

Air Conditioning
Dishwasher

Washer/Dryer
Patio

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
Studios	3	-	-
1+1	2	-	-
1+1.5	1	-	-

Walk Score®

Walker's Paradise (91)

Bike Score®

Very Bikeable (83)

PROPERTY TAXES

Parcel Number	011-185-09	Total Assessment	$302,821 (2024)
Land Assessment	$72,108 (2024)	Annual Taxes	$35,120 ($9.04/SF)
Improvements Assessment	$230,713 (2024)	Tax Year	2025 Payable 2025