Under contract
Contingent - Show
1380 Lincoln Ave
San Rafael CA, 94901
$3,875,000
Under contract
Contingent - Show
4 Baths
Residential
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.
324028431
MLSⓇ ID
April 19, 2024
Listed
August 23, 2024
Updated
Map
1380 Lincoln Ave
San Rafael CA, 94901
Interior Features
Total Stories
0
Total Bathrooms
4
Full Bathrooms
4
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
Fenced Yard, Yard Space, 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
Listing History
Date | Event | Price |
---|---|---|
7/19/2024 | Under contract | — |
Listed by Elizabeth Sasan (01433542) with Golden Gate Sotheby's International Realty
Listing Contact:
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