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Listed by Elizabeth Sasan • City Real Estate • City Real Estate
City Real Estate
City Real Estate
$ 3,520,000
Est. payment /mo
Price Dropped by $230K
1380 Lincoln AVE San Rafael, CA 94901
1,020 Beds
3 Baths
5,130 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 5,130 sqft
Price per Sqft $686
MLS Listing ID 326020653
Bedrooms 1020
Construction Status Updated/Remodeled
HOA Y/N No
Year Built 1965
Lot Size 9,500 Sqft
Property Sub-Type 5 or More Units
Property Description
Discover 1380 Lincoln Avenue, a thoughtfully renovated 9-unit apartment complex located in the heart of San Rafael in beautiful Marin County. Originally converted from office to residential use in 2023, this property offers a compelling investment opportunity with strong in-place rents and modernized living spaces. The property features a well-balanced unit mix of 3 studios, 4 one-bedroom units, and 2 two-bedroom units, appealing to a wide range of tenants. Each residence was extensively remodeled during the 2023 conversion and includes updated kitchens and bathrooms, modern cabinetry, newer flooring, and upgraded building systems, creating comfortable, contemporary living environments. Residents enjoy the convenience of ample on-site parking with 10 dedicated spaces, a valuable amenity in this central San Rafael location. With strong in-place rental income and leases structured with annual increases, the property offers stable cash flow with long-term growth potential. Positioned in one of Marin County's most desirable rental markets, 1380 Lincoln Avenue presents an excellent opportunity for investors seeking a well-maintained, income-producing asset in a prime location.
Location
State CA
County Marin
Area San Rafael
Interior
Heating Central
Cooling Ceiling Fan(s), None
Flooring Carpet, Simulated Wood, Varies by Unit
Exterior
Parking Features Uncovered
Garage Spaces 10.0
Utilities Available City, Sewer Connected
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Contemporary, Other
Construction Status Updated/Remodeled
Others
Special Listing Condition None
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