Property Details
About this Property
First time on the Market in over 25 Years! Prime, Heart of Downtown San Raphael Investment Offering of a 13 Unit Mixed Used Investment Property! A Current 5.5% CAP Offering with Upcoming & Allowable Increases in 2025 Allowing for Immediate Upside! Owner has Self Managed this Asset with Pride, and has Recently Performed Upgrades to the Property with BRAND NEW Electrical Panels (2024/2025), a New Roof in 2023, & Many Rehabbed Units in Recent Years ranging from New Bathrooms & Kitchens. Property Consists of (4) Long Time Retail Tenants: Amici's Pizza, The SHOP (high end barber shop), Friends Books, and Tibet Shop along with (9) Multifamily Units Consisting of (2) 2bed/1bth Units, (2) 1bed/1bths, & (5) Studio Units. Corner LOT! Property is Owned Free & Clear Of Debt! Seller May Carry with Minimum 35% Down for Qualified Buyer. Must See to Appreciate!
MLS Listing Information
MLS #
ML82002642
MLS Source
MLSListings, Inc.
Days on Site
26
Interior Features
Cooling
None
Heating
Other
Exterior Features
Roof
Shingle
Foundation
Concrete Perimeter
Parking, School, and Other Information
Garage/Parking
On Street, Garage: 0 Car(s)
Elementary District
San Rafael City Elementary
High School District
San Rafael City High
Water
Public
Zoning
R3
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 13 | 13 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1240 4th St is a Residential Income in San Rafael, CA 94901. This 10,894 square foot property sits on a 8,956 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,750,000 and was built in 1893. This address can also be written as 1240 4th St, San Rafael, CA 94901.
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This listing information is up-to-date as of April 15, 2025. For the most current information, please contact Neel Bhatia, (408) 828-4024
