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Image 1 - 1380 Lincoln Avenue, San Rafael, CA 94901, USA - House for sale
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Home For Sale In San Rafael, California
1380 Lincoln Avenue, San Rafael, CA 94901, USA

Home For Sale In San Rafael, California

house for sale
Listed: 04/21/24

1380 Lincoln Avenue, San Rafael, CA 94901, USA

Studio Bed:
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Price
$ 3,88M

About This House

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.

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San Rafael Housing & Living

Household Income

Median household income: $85,931
Number of households: 22,968
The average household income in San Rafael, CA grew from $81,360 to $85,931 in the past year. This data is an estimate based upon 22,968 households in San Rafael, CA.
The chart below presents how household income is distributed in San Rafael, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in San Rafael, CA compared to median property taxes around the country. The prevalent amount of property taxes in San Rafael, CA equals $3k+ , which is more than the national average.