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1476 Lincoln Ave San Rafael, CA 94901

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For Sale
$4,050,000

Eleven-unit multifamily property in San Rafael with rental appreciation potential.

Property size:
6,380 SF

Property Features for 1476 Lincoln Ave

General Information

Standard status
Active
Size
6,380 SF

Building Details

Year built
1950

Source: JEFREY HENDERSON, BROKER Agent JEFREY HENDERSON

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

San Rafael Multifamily Investment Opportunity

The property at 1476 Lincoln Avenue is an 11-unit multifamily asset located in San Rafael, California. Constructed in the 1980s, the property features exclusively one-bedroom, one-bathroom residential units. The building offers a total of 7,700 rentable square feet. The units average 700 square feet. The property is 100% occupied with in-place rents of $2,360 per unit. The property presents an opportunity for a new buyer to increase yield by raising rents. The location benefits from robust market fundamentals and a high-demand rental environment. The property is positioned to benefit from rental appreciation, as home prices in the San Rafael market start above $1,000,000.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Clothing Store Nail Salon Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
San Rafael
County
Marin
State
California
Longitude
-122.522173
Latitude
37.9805557

FAQs

What type of property is this?
Multifamily property - Eleven-unit multifamily property in San Rafael with rental appreciation potential.
Where is this multifamily property located?
The property is located at 1476 Lincoln Ave San Rafael, CA.
What is the asking price?
The asking price for this property is $4,050,000.
What are key features of this property?
This property features: - Immediate opportunity to increase rental income by raising rents to $2,500/unit.; - Attractive 5%+ in-place cap rate.; - 100% occupied with strong in-place rents of $2,360 per unit.
More about this property
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