112 Ross St, San Rafael, CA

Investment Overview

Vintage Victorian — 6 Units

Location: This vintage Victorian 4 units with separate carriage house is located on one of the best streets in San Rafael’s historic neighborhood – Gerstle Park. The area is a mix of small rental properties and renovated turn of the century Victorians. The neighborhood is just a few blocks from downtown San Rafael shops, restaurants and a renovated Art Deco movie theatre. San Rafael is the hub city of Marin county and provides easy freeway
access to the East Bay, San Francisco and the north Bay cities.

Description: The property consists of a two-story classic Victorian with four units. Through the ground-floor entrance are two one-bedroom apartments. The ground floor unit is very spacious, with a large living room, an eat-in kitchen, and an adjacent bedroom and bath. Reminiscent of a San Francisco style flat in the many Victorians there, many original moldings, medallions and light fixtures remain.

• Up a dramatic staircase is a recently refurbished one bedroom apartment with new carpet, paint and updated kitchen.
• At the rear of the main building are two additional one bedroom units with long term tenants. Kitchen and baths could use updating but are fully functional.
• At the back of the lot is the former carriage house which has been converted to two small one bedroom units. These tenants have been in place for more than twenty years.
• Adjacent to the carriage house is a sunny vegetable garden that is maintained by many of the tenants at the property.
• Ample off street parking is located at the rear of the property. This property would be classified as a fixer, as the owner is currently undergoing renovation of the foundation.

Financing: Owner will carry financing for the new owner until the foundation is completed and conventional financing can be obtained. Conventional financing can be obtained with San Francisco Federal Savings and Loan in San Rafael.