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Rebecca Brooks

rebeccabrooks@epique.me +1(415) 717-8398

Listed by Michael J Burke • Golden Gate Sotheby's International Realty • Golden Gate Sotheby's International Realty
Golden Gate Sotheby's International Realty

$10,500,000

Est. payment - /mo

22,572 SqFt

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Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 22,572 sqft

Price per Sqft $465

MLS Listing ID 326045828

Construction Status Original,Updated/Remodeled

HOA Y/N No

Year Built 1955

Lot Size 0.642 Acres

Property Sub-Type 5 or More Units

Property Description

Ideally located in the heart of affluent central Marin, this well-positioned property sits directly across from Kentfield Hospital and just two blocks west of the College of Marin. The highly desirable Kentfield location offers residents convenient access to major employers, retail, dining, and transportation corridors. Originally constructed in 1955, The Ross Apartments have been meticulously maintained by long-term ownership. While select improvements have been completed over the years, the property presents a strong value-add opportunity for future modernization and interior upgrades. The unit mix consists of four 2-bedroom apartments, twenty-six 1-bedroom apartments, and one spacious studio unit. Parking accommodations include garages with tandem spaces, covered carports, and additional open parking - one space per apartment Residents enjoy mature, low-maintenance landscaping centered around an attractive interior courtyard setting. Most units feature shared outdoor decks adjoining the living areas, and all apartments include hardwood flooring. The Ross Apartments present a compelling investment opportunity in a high-demand market supported by stable tenancy and meaningful rental upside potential. The property consists of a four-story wood-frame building with a stucco exterior on a concrete perimeter foundation. Originally constructed in 1955, much of the asset remains in its classic condition, offering investors the flexibility to maintain current operations or unlock additional value through a comprehensive renovation strategy. Parking amenities include a mix of garages, carports and open space with one assigned to each unit. Residents also benefit from an on-site laundry facility and dedicated storage lockers. Capital improvements are already underway. The roof consists of five sections, three of which have been recently replaced, with the remaining two scheduled for replacement. All electrical subpanels have been upgraded, and bedroom windows have been modernized with dual-pane glass, while living room windows remain in their original configuration. The property has historically operated with a central boiler heating system with heat paid for by ownership. A transition is currently in progress to individual electric heating units in each apartment, billed directly to tenants through their PG&E accounts, creating greater operational efficiency and reduced owner expense.

Location

State CA

County Marin

Area Kentfield

Interior

Heating Central, Individual, Varies by Unit

Cooling None

Flooring Wood

Exterior

Parking Features Carport, Garage, Off Street, Uncovered, Varies by Unit

Garage Spaces 31.0

Roof Type Bitumen

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Construction Status Original,Updated/Remodeled

Others

Special Listing Condition None

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Rebecca Brooks

+1(415) 717-8398

Broker Associate/Area Leader/Ambassador | License ID: 1249870

Broker Associate/Area Leader/Ambassador License ID: 1249870

1118 Sir Francis Drake BLVD Kentfield, CA 94904

Rebecca Brooks

Key Details

Location

Interior

Exterior

Building

Others

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1118 Sir Francis Drake BLVD