$ 3,875,000
1380 Lincoln AVE San Rafael, CA 94901
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Listed by Elizabeth Sasan • Golden Gate Sotheby's International Realty
$ 3,875,000
Est. payment /mo
Active
1380 Lincoln AVE San Rafael, CA 94901
2,101 Beds
4 Baths
9,500 Sqft Lot
UPDATED:
09/20/2024 11:27 PM
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID 324028431
Bedrooms 2101
HOA Y/N No
Lot Size 9,500 Sqft
Property Description
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. Seller financing offered.
Location
State CA
County Marin
Area San Rafael
Interior
Heating Central
Cooling None
Flooring Simulated Wood
Exterior
Exterior Feature Fenced Yard, Yard Space
Garage Off Street, Uncovered
Garage Spaces 12.0
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Water District
Others
Special Listing Condition Offer As Is, None
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