Property Details
About this Property
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.
MLS Listing Information
MLS #
ML82009415
MLS Source
MLSListings, Inc.
Days on Site
45
Interior Features
Appliances
Washer/Dryer
Cooling
Central Forced Air
Heating
Central Forced Air
Exterior Features
Roof
Flat
Foundation
Reinforced Concrete
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Garage: 0 Car(s)
Elementary District
San Rafael City Elementary
High School District
San Rafael City High
Sewer
Private Sewer
Zoning
N/A
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 11 | 11 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 700 | 1 | 1/0 | $2,250 | $2,400 | 11 |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1476 Lincoln Ave is a Residential Income in San Rafael, CA 94901. This 6,380 square foot property sits on a 9,990 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,050,000 and was built in 1950. This address can also be written as 1476 Lincoln Ave, San Rafael, CA 94901.
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This listing information is up-to-date as of June 03, 2025. For the most current information, please contact Jefrey Henderson, (415) 535-7414
