1380 Lincoln Avenue

San Rafael, CA 94901

$3,875,000
Price
4
Beds
4
Baths
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

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,...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.
  1. Listed by Elizabeth Sasan • DRE #01433542 • Brokerage DRE #02027353 • Golden Gate Sotheby's International Realty

Property Details for 1380 Lincoln Avenue

View Description
Varies by Unit
Cross Street
Paloma
Total Parking Spaces
12

Location

Listing Courtesy of Golden Gate Sotheby's International Realty, Elizabeth Sasan, DRE #01433542
Add your commute
LISTING UPDATED: 04/19/2024 08:02 AM

Property Details for 1380 Lincoln Avenue

StatusActive
MLS #324028431
Days on Compass13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built-
Lot Size0.22 AC / 9,500 SF
CountyMarin County

Location

Listing Courtesy of Golden Gate Sotheby's International Realty, Elizabeth Sasan, DRE #01433542
Add your commute

Building Information for 1380 Lincoln Avenue

Stories-Residences-Year Built-Building Size-Lot Size0.22 AC / 9,500 SF

Payment Calculator

$22,435 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,147

Property Taxes

$1,288

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1380 Lincoln Avenue

Summary
Location and General Information
  • Area/District: San Rafael
  • Area Short Display: A2300
  • Directions to Property: Highway 101 - Lincoln Ave. exit, head towards downtown San Rafael. Property on the left.
  • Accessibility Features: Roll-In Shower, Varies By Unit
  • Area Long Display: San Rafael
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 011-145-13
School Information
  • School District (County): Marin
Parking
  • Parking Features: Off Street, Uncovered
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Open Parking Spaces: 0
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 0.0
  • Square Footage Source: Against Co. Policy
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 9500.0
  • Lot Features: Corner, Shape Regular, Sidewalk
  • Property Condition: Updated/Remodeled
Property and Assessments
  • Security Features: Carbon Mon Detector, Double Strapped Water Heater, Fire Alarm, Security System Leased, Smoke Detector
  • Picture Count: 35
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Any offer of compensation is made exclusively to Broker Participants of the MLS where the subject listing is filed.<BR> Copyright &copy; 2024 Bay Area Real Estate Information Services, Inc. All rights reserved.<BR>Copyright</A> &copy;2024 <A name="trans">Rapattoni Corporation. All rights reserved.</A><BR>U.S. Patent 6,910,045
  • Actual or Scheduled: Actual
  • Gross Rent Multiplier: 13.2
Green Features
  • Energy Efficient: Appliances
Utilities
  • Sewer: Sewer Public
  • Water Source: Water District
  • Separate Meters: Electricity, Gas
Interior and Exterior Features
Exterior Features
  • Foundation: Concrete Perimeter
  • Levels: Two
  • Exterior Features: Fenced Yard, Yard Space
  • Patio And Porch Features: Enclosed Patio, Uncovered Patio, Varies by Unit
  • Roof: Composition
  • # of Floors: 0
Interior Features
  • Heating: Central
  • Cooling: None
  • Flooring: Simulated Wood
  • Appliances: Dishwasher, Disposal, Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator
  • Laundry Features: In Each Unit
  • # of Guest Space(s): 0
  • Window Features: Dual Pane Full, Window Screens
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 4
  • 1 Bedroom Rent Range: $2,600 - $2,950
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 3
2 Bedroom Unit
  • # of 2 Bedroom Units: 2
  • 2 Bedroom Rent Range: $3,400 - $3,500
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 2
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Rent Range: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $293,400.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 1
  • # Of Units Total: 9
  • # of Studio Units: 3
  • # Studios Occupied: 3
Unit 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Description: New conversion to residential. New systems, finishes & appliances, SF and rent vary by unit
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 3
  • Unit 1 Approx SqFt: 746
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 1
  • Unit 2 Description: 1 bedrm New conversion to residential. New systems, finishes & appliances. SF and rent vary by unit.
  • Unit 2 Full Baths: 1
  • Unit 2 # of Rooms: 2
  • Unit 2 Approx SqFt: 639
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Description: Studio -New conversion to residential. New systems, finishes & appliances. SF and rent vary by unit
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 2
  • Unit 3 Approx SqFt: 433
  • Unit 3 Type: Apartment
Unit 4
  • Unit 4 Bedrooms: 1
  • Unit 4 Description: 1 bedrm -New conversion to residential. New systems, finishes & appliances. SF and rent vary by unit
  • Unit 4 Full Baths: 1
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 2
  • Unit 4 Approx SqFt: 612
  • Unit 4 Type: Apartment

Property History for 1380 Lincoln Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1380 Lincoln Avenue

Taxable ValueLand$627,300Additions$392,700Total$1,020,000
Tax Record2023$15,454 ($1,288 / month)
Home Facts
Total Finished SqFt5,130 SqFtAbove Grade Finished SqFt5,130 SqFtLot Size9,500 SqFtStyleMiscellaneous CommercialYear Built1965CountyMARINAPN011-145-13

Schools near 1380 Lincoln Avenue

This home is within San Rafael City Elementary School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Coleman Elementary School
PublicK to 5

James B. Davidson Middle School
Public6 to 8

Terra Linda High School
Public9 to 12

San Rafael High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

1380 Lincoln Avenue is a multi-family home for sale in San Rafael, CA 94901. This property was listed for sale on April 19, 2024 by Golden Gate Sotheby's International Realty, it's currently listed at $3,875,000. It has been on the market for a total of 13 days and was last sold on February 16, 2022. This listing's school districts are San Rafael City Elementary School District, San Rafael City High School District. Nearby schools include Coleman Elementary School, James B. Davidson Middle School and Terra Linda High School. 1380 Lincoln Avenue is a 4-bed, 4-bath, multi-family home.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Golden Gate Sotheby's International Realty, Elizabeth Sasan, DRE #01433542

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.