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.
Gerstle Park, located between Downtown San Rafael and Dominican, is a historic and residential San Rafael neighborhood with hillside streets and early-1900s architecture. The neighborhood’s character concentrates around the Fourth Street corridor near Lootens Place, where independent cafes, galleries, and small restaurants set a walkable, after-work rhythm. The Rafael Film Center and the Marin History Museum act as cultural anchors, with live screenings and local exhibits. Gerstle Park’s Craftsman bungalows and Victorian-era homes sit under mature trees, with pocket views toward the ridgelines. Gerstle Park Playground and nearby open space shape a daily loop of dog walks and casual meetups. A short climb leads to trailheads and quieter blocks that feel removed from the downtown bustle.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Interior features
Total building living area about 13,040
Bedrooms
Twelve 1-bedroom units
Six 2-bedroom units
Bathrooms
Each unit has one full bath
Kitchen
Standard kitchen in each unit (appliance details not provided)
bridgeMLS, Bay East AOR, or Contra Costa AOR #ML82051074
Aug 5, 2026
Price Changed
$5,900,000
$452/sq ft
Aug 5, 2026
Price Changed
$5,900,000
$452/sq ft
Jun 15, 2026
Listed
$6,110,000
$469/sq ft
Jun 15, 2026
Listed
$6,110,000
$469/sq ft
+10
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.
The medium-density residential districts provide opportunities for a mixture of residential types, including detached single-family residences, duplexes and multifamily dwellings at medium densities. Desired styles of development within this district include garden apartments and condominiums.; Medium-density multifamily residential districts are included in the medium-density residential land use category with densities ranging from 2,000 sq ft to 3,000 sq ft per dwelling unit.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational/school
Recreation
Park & open space
Mar 3, 2025 • Final
Electric
Electrical
Electric meter
Apr 30, 2024 • Final
Electric
Replace an existing electrical subpanel and a laundry room subpanel with new equipment of the same type.
Electrical
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 86° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
15 unhealthy days expected this year, 15 days in 30 years
Provided by First Street
Historical weather
San Rafael, CA • 94901
Average low and high temperatures (°F)
59
42
61
45
69
48
67
47
72
50
75
52
74
54
80
55
78
55
74
52
62
47
55
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
74/ 100
Good sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
10 hrs
4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 247 D
There isn’t enough information to generate an accurate estimate at this time. Learn More