50 Corte Real, Greenbrae, CA 94904
9 Unit Apartment Building | $4,995,000 ($555,000/Unit) | Greenbrae, CA 94904
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,995,000
- Property Type
-
Multifamily
- Square Feet
- 13,000 SF
Listing Contacts
Samuel Ko
Verified Profile
- Property Info
Property Overview
50 Corte Real is rare investment opportunity in Greenbrae, CA. This property consists of a best in class 9 unit building with some of the largest apartment floor plans in Marin County. The building is divided into two separate buildings. Six units consist of a highly sought after townhome two-story layout that is 2 bedrooms / 2.5 baths at ±1,500 SF (buyer to verify). Three units consist of 2 bedrooms / 2 baths at ±1,350 SF (buyer to verify) each with front and rear decks. Each unit consist of multiple decks, Mt. Tamalpais views, fireplaces, central heating, and ample storage. The parcel is 20,000 SF (.46 acres) providing a peaceful open space setting for some of the best apartment living Marin is known for.
In addition, a 10th ADU studio unit is possible with a former unused space already built out and ±7 ft. ceilings. Estimated market rent to be $1,900 per month. Buyer to research ADU possibility with the County of Marin.
Built in 1972, the property features very spacious floor plans and ample parking and an on-site pool making this one of the premier buildings in the highly sought after Greenbrae area. With very spacious floor plans and a tremendous unit mix, this asset represents an excellent opportunity for investors seeking a best in class building in a phenomenal Marin County location. Don't miss the chance to add this exceptional property to your investment portfolio.
**Tours scheduled by appointment only.
In addition, a 10th ADU studio unit is possible with a former unused space already built out and ±7 ft. ceilings. Estimated market rent to be $1,900 per month. Buyer to research ADU possibility with the County of Marin.
Built in 1972, the property features very spacious floor plans and ample parking and an on-site pool making this one of the premier buildings in the highly sought after Greenbrae area. With very spacious floor plans and a tremendous unit mix, this asset represents an excellent opportunity for investors seeking a best in class building in a phenomenal Marin County location. Don't miss the chance to add this exceptional property to your investment portfolio.
**Tours scheduled by appointment only.
Property Details
- Class
- C
- Year Built
- 1973
- Stories
- 2
- Lot Size (sq. ft)
- 20,038 SF
- Units
- 9
Highlights
- Very large ±1,500 SF townhome floor plans
- Some of the largest apartment floor plans in Marin County
- Nine units total (Six very large 2 bedroom-2.5 bath townhome units / Three large 2 bedroom - 2 bathroom)
- All units have fireplaces, multiple decks, views, ample storage
- Many "big ticket" capital upgrades completed
- Potential turn-key ADU conversion for 10th studio unit for additional $22,800/yr income
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