Active

1380 Lincoln Ave

San Rafael CA, 94901

$3,950,000


$415.79 per sqft

Active

9,500 sqft

Multi-family

Built in 1965

Discover 1380 Lincoln Ave, newly converted to residential apartment complex, located in the beautiful county of Marin, right in the heart of San Rafael. With 9 turnkey units boasting strong rents, this property presents an exceptional opportunity. Offering a diverse selection of units, including 3 studios, 4 one-bedrooms, and 2 two-bedrooms. Originally an office building, this property underwent a complete transformation in 2023, resulting in fully remodeled units featuring brand new cabinets, flooring, kitchens, bathrooms, and operating systems. Ample on-site parking, with 12 dedicated spaces available. Strong in-place rents, with built-in 3% annual increases stipulated in the leases. It's worth noting that Marin County is known for stringent regulations on multi-family construction, making opportunities like this particularly rare.

323040305

MLS ID

February 16, 2024

Updated

Map

1380 Lincoln Ave
San Rafael CA, 94901

Interior Features

Total Stories

0


Appliances

Dishwasher, Disposal, Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator


Laundry Description

In Each Unit


Floor Description

Simulated Wood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.22 Acres


Exterior Features

Corner, Shape Regular, Sidewalk


Lot Features

Corner, Shape Regular, Sidewalk


Roof

Composition


Sewer

Public Sewer

Other Property Details

Area Name

San Rafael


Garage

No


Parking

Off Street, Uncovered


Parking Total

12


View

Yes


View Description

Varies by Unit


County

Marin


Water Source

Water District


Pool

No


Buyer Agency Compensation

2%

Listing History

Date

Event

Price

2/9/2024

Price Change

$3,950,000

-2%

Listed by Elizabeth Sasan (01433542) with Golden Gate Sotheby's International Realty

Listing Contact:  

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