Skip To Content
    Return to Previous Page

    1350 Lincoln Avenue

    San Rafael, CA 94901
    • $8,795,000
    • STATUS: Active
    • ON SITE: 12 days
    • ID#: 22028235
    UPDATED: 20 min ago
    $8,795,000
    • 0
      BEDS
    • 0.53
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 19,458
      SQFT
    • $452
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    Located in coveted Marin County, this 22-Unit apartment complex presents a rare opportunity to acquire a quality investment property in an extremely desirable market. Featuring an excellent unit mix of all large townhouse-style units consisting of eight (8) 1-bedroom units, thirteen (13) 2-bedroom units and one (1) 3-bedroom, 1.5 bath unit, this property benefits from historically high occupancy and is located just minutes away from downtown San Rafael. Most units have been remodeled with upgraded finishes including countertops, flooring, updated fixtures and custom paint. The property has been consistently maintained under the current ownership, benefits from minimal landscaping, and generates additional income through a convenient on-site laundry facility. Tenant amenities include on-site covered parking, designated storage spaces and private yards for most units.

    Monthly Payment Calculator



    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Golden Gate Sotheby's International Realty. Data last updated: 2020-12-03T16:56:19.583.
    www.jasonknowsmarin.com/homes/112081816
    Print Image

    1350 Lincoln Avenue San Rafael, CA 94901

    • Price: $8,795,000
    • Status: Active
    • Updated: 20 min ago
    • ID#: 22028235
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.53
    Acres
    19,458
    SQFT
    $452
    $/SQFT
    1962
    Built
    Neighborhood:
    San Rafael
    County:
    Marin
    Area:
    San Rafael
    Property Description
    Located in coveted Marin County, this 22-Unit apartment complex presents a rare opportunity to acquire a quality investment property in an extremely desirable market. Featuring an excellent unit mix of all large townhouse-style units consisting of eight (8) 1-bedroom units, thirteen (13) 2-bedroom units and one (1) 3-bedroom, 1.5 bath unit, this property benefits from historically high occupancy and is located just minutes away from downtown San Rafael. Most units have been remodeled with upgraded finishes including countertops, flooring, updated fixtures and custom paint. The property has been consistently maintained under the current ownership, benefits from minimal landscaping, and generates additional income through a convenient on-site laundry facility. Tenant amenities include on-site covered parking, designated storage spaces and private yards for most units.
    Exterior Features

    Carports 22 Exterior StuccoWood Siding Foundation Construct Cc Perimeter Garages 0 Lot Description Level On Site Parking CarportsOn Street Open Uncovered Spaces 0 Roof Other Rv Boat Spaces 0 Type 2 StoryApartments Underground Spaces 0

    Interior Features

    Heat Cool Central HeatWall Furnace

    Property Features

    1 Bdrm Ann Occupancy 97.00 1 Bdrms Occupied 8 1 Bedroom Rent Range 1950-2000 1 Bedrooms 8 2 Bdrm Ann Occupancy 97.00 2 Bdrms Occupied 13 2 Bedroom Rent Range 2280-2700 2 Bedrooms 13 3 Bdrm Ann Occupancy 97.00 3 Bdrms Occupied 1 3 Bedroom Rent Range Manager's Unit - Estimated At $3100 3 Bedrooms 1 4 Bdrm Ann Occupancy 0.00 4 Bdrms Occupied 0 4 Bedroom Rent Range 0 4 Bedrooms 0 Actual Or Projected Actual Auction No Cap Rate 4.13 City Transfer Tax Yes City Transfer Tax Rate 0.00 Comm Units Rent Rang 0 Commercial Units 0 Common Int Dev No Est Insurance Exp 12184.00 Est Maintenance Exp 11000.00 Est Management 37200.00 Est Misc Expenses 0.00 Est Net Income 370213.00 Est Taxes 121687.00 Est Total Annual Exp 243695.00 Est Utilities Exp 61624.00 Expense Source Owner Furnished Units 0 GRM 14.33 Gross Scheduled Inc 613908.00 Guest Spaces 0 Laundry Appliance Coin OperatedCommon RoomLeased Lease Deposit 0.00 Lot Size Source (Realist Public Rec) Monthly Expenses 20307.92 Monthly Income 51159.00 Multifamily Type Multi Unit 5+ New Construction Or Resale Resale Operating Exp Inc ElectricityGarbageGasInsuranceMaintenanceManagementMiscellaneousTaxes/AssessmentsVacancy FactorWater Planned Unit Develop No Separate Meters ElectricityGas Sewer Septic Sewer Public Square Footage Source Realist Public Rec Studio Ann Occupancy 0.00 Studio Rent Range 0 Studios 0 Studios Occupied 0 Tenant Pays ElectricityGas Transaction Type Sale Water Source Water-Public Year Built Source Realist Public Rec

    Listing information © 2020 Bay Area Real Estate Information Services.
    Listing courtesy of Steven Level of Berkshire Hathaway.


    © 2020 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Golden Gate Sotheby's International Realty. Data last updated: 2020-12-03T16:56:19.583.
     
    https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_1_22028235-2.jpg https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_1_22028235-2.jpg https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_1_22028235-2.jpg
    Logo
    Golden Gate Sotheby's International Realty
    902 Irwin Street
    San Rafael CA, 94901