1350 Lincoln Avenue

San Rafael, CA 94901 View Map $8,795,000 Schedule a Tour
Sq.Ft.19,458
Year1962
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Status: Active
Property Type:Multi Unit 5+
MLS #:22028235
Sq. Feet:19,458
On Site:8 Days
Lot Size:0.53 Acres
County:Marin
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.

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$000 Monthly Payment
Loan and interest only. Taxes and insurance not included.

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Community Information

Address:1350 Lincoln Avenue San Rafael, CA 94901
County:Marin
Zip Code:94901

Architecture

Year Built:1962
Stories:2
Style:2 Story,Apartments
Exterior: Stucco, Wood Siding
Foundation: CC Perimeter
Parking: Carports, On Street

Features / Amenities

Total Sq. Ft.:19458
Heat / Cool: Central Heat, Wall Furnace

Property Features

Lot Size: 0.53 Acres / 23030 Sq. Ft.
Lot Description: Level
Sewer: Sewer Public
Water: Water-Public
Directions:1350 Lincoln Ave, San Rafael, CA

Tax and Financial Info

For Sale / Lease: Sale
Est. Taxes: $121, 687
Monthly Expenses: $20, 308
Monthly Income: $51, 159
Est. Insurance Expenses: $12, 184
Est. Maintenance Expenses: $11, 000
Est. Management: $37, 200
Est. Utilities Expenses: $61, 624
Cap Rate: $4
Gross Scheduled Income: $613, 908
Net Operating Income

Schools

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1350 Lincoln Avenue San Rafael, CA 94901
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1350 Lincoln Avenue San Rafael, CA 94901
 
ASAP
Sat
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Nov
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Nov
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Nov
Tue
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Dec
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Choose Your Date -- It's Free, Cancel Anytime
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Listing provided courtesy of Steven Level, Berkshire Hathaway.
Copyright 2020, Bay Area Real Estate Information Services, Inc. All Right Reserved. This information is provided exclusively for 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 Deemed Reliable But Not Guaranteed.

IDX data last updated November 27, 2020 at 4:00 AM PST
Property Summary:
Home for sale at .

Description: The property at 1350 Lincoln Avenue San Rafael, CA 94901 with the MLS# 22028235 is currently listed for $8,795,000 and has been on the San Rafael market for 7 days.

GeoCoordinates:
-122.522399
37.976673

List Price: $8,795,000

You are viewing the details of the real estate listing from the Bay Area MLS at 1350 Lincoln Avenue San Rafael, CA 94901, which features 0 bedrooms and 0 bathrooms, and has approximately 19458 sq.ft. of living area.