CA > San Rafael
San Rafael, CA 94901,1476 Lincoln Avenue
Listed by Jefrey Henderson • Jefrey Henderson, Broker
$4,050,000
Est. payment /mo
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6,380 SqFt
New

1476 Lincoln Avenue San Rafael, CA 94901

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Max Manatt

Max Manatt

+1(925) 980-3375

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,380 sqft

Price per Sqft $634

MLS Listing ID ML82009415

HOA Y/N No

Year Built 1950

Lot Size 9,990 Sqft

Property Sub-Type Other

Source Datashare MLSListings

Property 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.

Location

State CA

County Marin

Interior

Heating Forced Air

Fireplace No

Bay East AOR and Contra Costa AOR
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.

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Max Manatt

Agent | License ID: 01957416

+1(925) 980-3375

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1476 Lincoln Avenue

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