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Multifamily

The Cove at Tiburon

Tiburon, CA

283 Units

Built in 1963

Value Add

Investment Highlights

  • Robust Market Fundamentals: Tiburon boasts an astounding average household income of over $248,000 and a median home price of $2,450,000. Given the significant barriers to homeownership in the area, The Cove represents an appealing, more affordable option while still offering luxurious amenities and stunning water views.
  • Supply Constrained with High Barriers to Entry: Marin, among the most affluent counties in the nation, has an anemic inventory of high-end apartment homes. There have only been three 50+ unit apartment communities delivered over the past 10 years in the entire county, resulting in a severe supply/demand imbalance for high-wage earners seeking luxury rentals.
  • Access to San Francisco: The picturesque city of Tiburon combines the cache of affluent Southern Marin County living with easy commuter access to San Francisco, one of the nation's most robust economies and employment centers. The Cove is located approximately 3.2 miles from the nearest Ferry terminal which offers 30-minute direct service to San Francisco's CBD.
  • Prestigious Tiburon Address: The city of Tiburon attracts the most affluent Bay Area residents due to its proximity to San Francisco, highly regarded public schools, breathtaking natural setting, and waterfront location. All three of The Cove's feeder schools boast 9/10 or 10/10 GreatSchools ratings.

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