$3,875,000
Active
13 Days Online
0 Beds0 Baths0 SQFT
Active

1380 Lincoln Avenue San Rafael, CA 94901

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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.

  • Property TypeMulti-Family
  • NeighborhoodN/A
  • CountyMarin
  • Taxes$0
  • HOA/Condo/Coop Fees$0
  • Days on Site12 Days
  • MLS StatusActive
  • MLS ID Number324028431
  • Home Size Source N/A
  • Year BuiltN/A
  • Lot Size0.2181 Acres
  • Full BathsN/A
  • Partial BathsN/A

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General Features

  • Parking Off StreetUncovered
  • Parking Spaces 12
  • Sewer Public Sewer
  • Number of Stories 220
  • Acreage 0.2181
  • Security Carbon Mon DetectorDouble Strapped Water HeaterFire AlarmSecurity System LeasedSmoke Detector
  • Green Energy Efficient Appliances
  • Cross Street Paloma
  • Garage Spaces 0
  • Attached Garage No
  • Foundation Concrete Perimeter
  • Property Condition Updated/ Remodeled

Interior Features

  • Cooling None
  • Heating Central
  • Appliances DishwasherDisposalFree Standing Gas OvenFree Standing Gas RangeFree Standing Refrigerator
  • Flooring Simulated Wood
  • Laundry Features In Each Unit
  • Window Features Dual Pane FullWindow Screens

Exterior Features

  • Roof Composition
  • View Varies by Unit
  • Waterfront Property No
  • Exterior Fenced YardYard Space
  • Lot CornerShape RegularSidewalk
  • Patio And Porch Enclosed PatioUncovered PatioVaries by Unit

Community Features

  • Association Dues 0
  • MLS Area San Rafael
  • Security Features Carbon Mon DetectorDouble Strapped Water HeaterFire AlarmSecurity System LeasedSmoke Detector

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Monthly Payment (Est.)

$20,980
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