$5,900,000

247 D, San Rafael CA, 94901

Price per sqft$452.45

Built in1965

Property size13,040 sqft

Property typeCommercial

Listed by Adam Foley CA DRE# 02144332 with CBRE, Inc. 408-893-8063

Overview

Active

Listed Jun 15, 2026

Updated 2 days ago

Del Mesa Apartments (The Property) is a Pride of Ownership 18-unit Multifamily investment opportunity in Gerstle Park neighborhood, widely considered the A+ area of San Rafael. The Property features a well-maintained unit mix of twelve (12) one-bedroom, one-bathroom units and six (6) two-bedroom, one-bathroom units across a single three-story building set on a .042 acre parcel. Ownership has completed meaningful renovations over the last decade with remaining upside through continued in-unit upgrades and rent growth to market across the balance of the units. Del Mesa Apartments is situated in Gerstle Park, one of San Rafaels most coveted residential enclaves. The neighborhood is characterized by mature tree canopy, well-maintained streetscapes, and a quiet, upscale character that distinguishes it from more commercially active San Rafael corridors. Gerstle Park consistently ranks among he citys most desirable and safest neighborhoods, attracting long-term, quality tenants.

Additional information

MLS^® ID: ML82051074

Interior Features

Bathrooms: 0
Cooling: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.04 Acres

Other Property Details

Taxes: $95,976
Tax Frequency: Annually
Maintenance Expense: $5,480

Also listed on BEAR

Listed by Adam Foley CA DRE# 02144332 with CBRE, Inc. 408-893-8063

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/23/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 9/23/2026 at 6:38 AM UTC Last Checked: 6:38 AM UTC