Multi-Family Home for Sale in San Rafael
1380 Lincoln Avenue , San Rafael, CA
- 11 BEDS
- 9 BATHS
- 0.22 ac Land
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- 1380 Lincoln Avenue , San Rafael, CA
Key Facts
- MLS® #: 323040305
- Property ID: SIRC1829764
- Original Price: USD 3,875,000
- Property Type: Residential, Multi-Family Home
- Style: Contemporary
- Lot Size: 0.22 ac
- Year Built: 1965
- Bedrooms: 11
- Bathrooms: 9
- Listed By:
- Traci Thiercof and Beth Sasan Team
Property Description
Discover 1380 Lincoln Avenue, 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.
Amenities
- Cul-de-sac
- Open Porch
- Patio
- Scenic
- Walk-in Closet
Listing Agents
- Traci Thiercof and Beth Sasan Team
C. 4157930111
O. 4157930111
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Location
1380 Lincoln Avenue , San Rafael, California, 94901 United States
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The culturally diverse town of San Rafael is the oldest city in Marin, and is the county seat. With parklands and open space accounting for nearly 30 percent of the city's land, there is a thriving natural environment to enjoy outdoor recreation. San Rafael is approximately 22 square miles, the second largest city in Marin after Novato. It is an ideal area for biking, jogging, and hiking in the beautiful hills surrounding the community. Windsurfing, sailing, and boating are also popular activities near San Rafael with multiple marinas and boat launches for easy access to the San Francisco Bay.
San Rafael’s deep-rooted history in Marin County can still be felt today. Many of the turn-of-the-century buildings have been restored and are beautiful remnants of times past. These buildings include the Marin History Museum, the Falkirk Cultural Center, and the 106-year-old Dominican University. The Marin Civic Center, designed by Frank Lloyd Wright, is an architectural treasure and a nationally designated historical landmark. San Rafael offers a temperate, Mediterranean climate, lively business district, excellent school system and variety of neighborhoods.
Marketed By
Golden Gate Sotheby's International Realty
500 Drakes Landing Road
Greenbrae, California, 94904
United States
4154649300