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Listed by Elizabeth Sasan • City Real Estate • City Real Estate
City Real Estate
City Real Estate
$3,450,000
Est. payment /mo
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 $672
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
Positioned in the heart of San Rafael, 1380 Lincoln Avenue offers a rare opportunity to acquire a fully repositioned 9-unit asset in one of Marin County's most supply-constrained rental markets. Converted from office to residential use in 2023, the property delivers modern, low-maintenance living with strong in-place income already established. The unit mix3 studios, 4 one-bedrooms, and 2 two-bedroomscaters to a broad tenant base, while extensive renovations throughout provide turnkey ownership. Each unit features updated kitchens and baths, contemporary finishes, and upgraded systems, minimizing near-term capital expenditures. With 10 on-site parking spaces and leases structured with annual increases, the asset combines day-one cash flow with built-in growth. For investors seeking stability, quality, and long-term upside in Marin, 1380 Lincoln Avenue checks all the boxes.
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
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