515 B Street San Rafael, CA ^$ 3,450,000

515 B Street

^$ 3,450,000

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515 B Street

San Rafael, CA, 94901

^$ 3,450,000

Bedrooms-- Baths-- Sq 5,342

Monthly Estimate*

^$ 21,524

Listed by Jefrey Henderson, Broker

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Commercial Property for sale in San Rafael, CA

for $3,450,000. This 5,342 square foot building was built in 1975 on a lot size of 0.317.

515 B Street is a premier investment opportunity for local ownership groups to own the Brookside Apartments, a boutique multifamily property located in the Gerstle Park market of San Rafael. The property was built in 1975 and boats 10 one-bedroom, one-bathroom units on a quiet street near downtown San Rafael. The location attracts high-quality tenants with substantial rental upside through programmatic A+ finishes. This opportunity boasts high in-place rents and ownership has done significant capital improvements including, but not limited to, seismic retrofit completed, roof replaced with 60mil TPO, SB 721 Balcony Inspection & repairs completed. The Brookside Apartments is a nearly turnkey investment with rental upside.

Commercial Active

Price

^$ 3,450,000

Property Type

Commercial

Taxes

^$ 53,000

Style

Lot Size

0.317

Year Built

1975

Town/City

San Rafael

County/Region

Marin

MLS | Web ID

ML82013904

Days on Market

161

Features

General

Cooling Gas

Roof Foam

Zoning N/A

HOA Fee 0

Year Built 1975

County Marin

Insurance Expense 13000

Property Type Commercial Sale

MaintenanceExpense 4644

Special Listing Conditions Standard

Status Active

City San Rafael

High School District Other

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 13808

Carport Spaces 4

Carport Y/N 1

Tax Annual Amount 53000

Trash Expense 10200

Standard Status Active

Year Built Source Assessor

Interior

Air Conditioning Y/N 1

Total Baths 0

Exterior

Total Parking 10

Lot Size Area 13808

Number of Buildings 1

Building Area Total 5342

Lot Size Acres 0.317

Lot Size Source Assessor

* Excluded Features

List By

Jefrey Henderson, Broker

Broker

ben.mollahan@cbre.com

Affordability Calculator

$25,940

Per Month

Monthly Principal & Interest: $21,524
Monthly Property Taxes: $4,417
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in San Rafael, CA

Average List Price ^$3,716,692

Percent of Sale Price 8%

About San Rafael, CA

58,727 Population

5% Since 2002

^$87,599 Median Income

42.18 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$3,450,000		Listed Price

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515 B Street, San Rafael, CA, 94901 is a Commercial Property for sale at $3,450,000 with 5,342 sqft and a lot size of 0.317. 515 B Street was built in 1975. The property's zip code is 94901 which is in San Rafael, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/17/2025. 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, 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.

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515 B Street

Commercial Property for sale in San Rafael, CA

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