CA > San Rafael
San Rafael, CA 94901,1476 Lincoln AVE
San Rafael, CA 94901,1476 Lincoln AVE
San Rafael, CA 94901,1476 Lincoln AVE
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Thu
5
Jun
Fri
6
Jun
Sat
7
Jun
LaKeshia Lindsey

LaKeshia Lindsey

+1(619) 746-0849
$4,050,000
Est. payment /mo
9,988 Sqft Lot
Save

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82009415

HOA Y/N No

Year Built 1950

Annual Tax Amount $63,300

Lot Size 9,988 Sqft

Property Description

1476 Lincoln Ave The Property is an 11-unit multifamily core asset situated in the heart of San Rafael, California. Built in the 1980s, the property is comprised of exclusively 1-bed 1-bath well-maintained residential units with a total of 7,700 rentable square feet. The generous units average 700 square feet and have not marked to market. This a prime opportunity for a new buyer to immediately increase yield by conservatively pushing rents to $2,500/unit without any renovation plan. The property is 100% occupied with strong in-place rents of $2,360 per unit, supported by robust market fundamentals and integral high demand rental environment. 1476 Lincoln has a lot of rental appreciation potential as home prices continue to remain well out of reach for most residents in the area. The average price for homes in the San Rafael market start above $1,000,000 and with banks tightening their credit boxes the cost to borrow is at a decade high level. This investment opportunity is priced to just north of $4,000,000, reflecting a compelling $368,182 per unit and an attractive 5%+ in place cap rate.

Location

State CA

County Marin

Area 699 - Not Defined

Interior

Heating Central

Cooling Central Air

Fireplace No

Exterior

Carport Spaces 13

Roof Type Flat

Total Parking Spaces 2

Schools

School District Other

Others

Tax ID 01110346

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Jefrey Henderson • Jefrey Henderson, Broker
agent-avatar

Lakeshia's passion for real estate and her love for California are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in California. 

+1(619) 746-0849

lakeshiasellsrealestate@gmail.com

USA

GET MORE INFORMATION

Name
Phone*
Message
I agree by electronic signature to the Electronic Disclosure Consent; to receive recurring marketing communication from or on behalf of Coldwell Banker West, including auto-dialed calls, texts, and artificial/prerecorded voice messages (consent not required to make a purchase; data rates may apply; reply “STOP” to opt-out of texts or ‘HELP” for help); and to the Terms of Service and Privacy Policy of this website. I understand that I can call to obtain direct assistance.

Go tour this home

1476 Lincoln AVE

QUICK SEARCH
VIEW MORE