50 Corte Real

Greenbrae is a charming Marin County community located in the Ross Valley with a perfect blend of scenic beauty and modern conveniences, making it an attractive location for a multifamily investment. Nestled in Marin County, the area offers easy access to outdoor recreation at the base of Mt. Tamalpais and Phoenix Lake. The vibrant Bon Air Shopping Center is just a short stroll away, providing an array of dining and retail options. With top-rated schools, a friendly neighborhood atmosphere, proximity to major employment centers, easy access to Highway 101, and public transportation including the SMART Train and the Ferry. Major employers in the area include College of Marin, MarinHealth Hospital, Restoration Hardware, and BioMarin to name a few. Nearby highly regarded schools include Bacich Elementary, Kent Middle School, Redwood High School and Marin Catholic High School. With nearly 14,000 residents, Greenbrae is a mix of young families and retirees. It’s strong demographics of average household income of $193,338 and single family homes averaging $1,835,000 combined with it’s excellent schools, 50 Corte Real offers an enticing opportunity in the heart of Marin County for the long-term. Marin County is just north of the Golden Gate Bridge. Marin has a population of 250,000. Its diverse natural beauty and perfect climate make it one of the best places to live in the world. Marin County is home to one of the most affluent, active and civically minded communities in the United States. Marin’s natural beauty ranges from the large old growth Redwood groves of Muir Woods National Monument to the shores of Point Reyes National Park to the crown jewel of Mount Tamalpais whose 2,571 ft. peak provides Marin's signature profile and identity. Being active, recreation and enjoying the simple beauty of the outdoors is part of everyday living in Marin. With a historically low unemployment rate of 2.0% pre-pandemic and one of the highest median household incomes in the nation, the local economy continues to be strong even during a pandemic with a current unemployment rate of 4.6%, still one of the lowest nationwide.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. 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 $2,000 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 with an on-site pool. 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.