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USACASan Rafael1476 Lincoln Ave
1476 Lincoln Ave, Home with 0 bedrooms, 0 bathrooms and 2 parking in San Rafael CA | Image 1
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$4,050,000

1476 Lincoln Ave, San Rafael, CA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage No
Maintenance Fees 
Taxes $63,300
Days Active 3
Approx. Age 1950
MLS® Number ML82009415

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
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No Data
Walk Score®
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No Data
Transit Score®
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Bike Score®
MLS® NumberML82009415
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1950
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatCentral
A/CCentral Air
Heating Fuel

Extras

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