Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
San Francisco Real Estate Forum
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

User Stats

6
Posts
2
Votes
Annette Margolis
  • San Francisco, CA
2
Votes |
6
Posts

Canal Neighborhood in San Rafael?

Annette Margolis
  • San Francisco, CA
Posted

Hi everyone,

I'm looking for insights from people who know the Canal neighborhood of San Rafael. I'm looking at a property on Fairfax St. My plan is to move in with my boyfriend and dog (he's a good guard dog!) for a couple of years, renovate, refinance, and then rent out when we are ready to buy our next project. It's $300/sqft when median price per sq. ft in the County is $646.

This will be my first property! We went to tour the area and it's such an interesting pocket of mostly Latino immigrants living in densely populated condo buildings within a 4-5 block radius surrounded by large and expensive homes on the water.  I did some digging and found a research paper from 2015 that gave these stats:

"The Canal neighborhood is a dense, Latin American ethnic enclave in San Rafael, CA where most households are low-income (a quarter of families fall below the poverty level) and 71% of residents have only a high school degree or less. The area has grown over the last 20 years, largely due to immigration: Hispanics have increased from 47% of the population in 1990 to 80% in 2013. But housing stock has not grown as quickly, owing to how built out the neighborhood is already. This, along with high rents, has resulted in significant overcrowding in this majority-renter community, where most renter households pay more than a third of their income on rent. On top of all this, it is located in the highly affluent Marin County and is in a desirable water-front location."

Loading replies...