CA
Marin
SAN RAFAEL
94901
1476 Lincoln Avenue
1476 Lincoln Avenue, SAN RAFAEL, CA 94901
Share Listing
Listing Type
Multi Family
Listing Status
active
9
$4,050,000

Home Details for 1476 Lincoln Avenue

Price
$4,050,000
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
6380
Year built
1950
Lot size acres
0.2293
County
Marin
Garage
Days on site
91
MLS Listing#
ML82009415
Listed By: Jefrey Henderson, Broker - 408-453-7461
Presented by: Jefrey Henderson
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.

Property Features
  • Heating Information
    • Central
    • Forced Air
  • Cooling Information
    • Central Air
  • Parking
    • Assigned
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Based on information from the MLSListings MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Copyright 2025 MLSListings Inc. All rights reserved.

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Last Updated: 2025-09-06 11:16:51
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EXIT REALTY CONSULTANTS
16175 Monterey #A, Morgan Hill, CA 95037
CA DRE# 01424183. Kris Klair Broker.
Margaret Vierra
Associate Broker
Office
209 668 2525
Agent
408 202 3243
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