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Brian Byers

brian.byers@engelvoelkers.com +1(415) 602-7915

Listed by Elizabeth Sasan • City Real Estate • City Real Estate
City Real Estate

$ 3,520,000

Est. payment -/mo

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Price Dropped by $230K

1380 Lincoln AVE San Rafael, CA 94901

1,020 Beds

3 Baths

5,130 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,130 sqft

Price per Sqft $686

MLS Listing ID 326020653

Bedrooms 1020

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1965

Lot Size 9,500 Sqft

Property Sub-Type 5 or More Units

Property Description

Discover 1380 Lincoln Avenue, a thoughtfully renovated 9-unit apartment complex located in the heart of San Rafael in beautiful Marin County. Originally converted from office to residential use in 2023, this property offers a compelling investment opportunity with strong in-place rents and modernized living spaces. The property features a well-balanced unit mix of 3 studios, 4 one-bedroom units, and 2 two-bedroom units, appealing to a wide range of tenants. Each residence was extensively remodeled during the 2023 conversion and includes updated kitchens and bathrooms, modern cabinetry, newer flooring, and upgraded building systems, creating comfortable, contemporary living environments. Residents enjoy the convenience of ample on-site parking with 10 dedicated spaces, a valuable amenity in this central San Rafael location. With strong in-place rental income and leases structured with annual increases, the property offers stable cash flow with long-term growth potential. Positioned in one of Marin County's most desirable rental markets, 1380 Lincoln Avenue presents an excellent opportunity for investors seeking a well-maintained, income-producing asset in a prime location.

Location

State CA

County Marin

Area San Rafael

Interior

Heating Central

Cooling Ceiling Fan(s), None

Flooring Carpet, Simulated Wood, Varies by Unit

Exterior

Parking Features Uncovered

Garage Spaces 10.0

Utilities Available City, Sewer Connected

Roof Type Composition

Building

Foundation Concrete Perimeter

Sewer Public Sewer

Water Public

Architectural Style Contemporary, Other

Construction Status Updated/Remodeled

Others

Special Listing Condition None

Bay Area Real Estate Info Services (BAREIS)

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Brian Byers

Advisor

+1(415) 602-7915

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