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1380 Lincoln Avenue
San Rafael CA 94901 US

$3,875,000

Active Listing ID 324028431
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Lot: 0.22 Acres
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Other

$3,875,000

Active Listing ID 324028431
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1380 Lincoln Avenue 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.

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Property Features

  • Facts
  • Lot Size: 0.22 Acres
  • Property Type: Other
  • Property Sub-type: Other
  • Features
  • Exterior Finish: Fenced Yard, Yard Space
  • Heating Fuels: Central Furnace

Property

  • propertytype: Other
  • propertysubtype: Other
  • listprice: 3875000
  • unparsedaddress: 1380 Lincoln Avenue
  • postalcity: San Rafael
  • stateorprovince: CA
  • country: US
  • postalcode: 94901
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.2181
  • lotsizeunits: Acres
  • lotsizearea: 0.2181
  • livingarea: 0
  • livingareaunits: Square Feet
  • listagentfullname: Elizabeth Sasan
  • listagentemail: b.sasan@ggsir.com
  • listagentkey: 3yd-BAREISCA-A322729
  • listagentmlsid: A322729
  • listagentpreferredphone: 4159907186
  • listagentofficephone: 4154649300
  • listofficekey: 3yd-BAREISCA-7A2676
  • listagentstatelicense: 01433542
  • listofficemlsid: 7A2676
  • disclaimer: Copyright © 2024 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: BAREISCA
  • listagenturl: http://www.goldengatesir.com/eng
  • countyorparish: Marin
  • parcelnumber: 011-145-13
  • elementaryschooldistrict: Marin
  • middleorjuniorschooldistrict: Marin
  • highschooldistrict: Marin
  • appliances: Dishwasher, Garbage Disposer, Oven - Gas, Range, Range - Gas, Refrigerator, Washer
  • heating: Central Furnace
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 12
  • waterfrontyn: False
  • franchiseaffiliation: Sotheby's International Realty
  • exteriorfeatures: Fenced Yard, Yard Space
  • architecturalstyle: Other
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 4/19/2024 3:30:14 PM GMT
Source Updated Date: 5/4/2024 6:40:30 AM GMT

Courtesy of: Elizabeth Sasan, Golden Gate Sotheby's International Realty, b.sasan@ggsir.com

Copyright © 2024 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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