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1380 Lincoln Ave
San Rafael, CA 94901 Lincoln-San Rafael Hill

$3,450,000 USD

Apartments For Sale  •  5,200 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,200 SF
  • Lot Size 0.22 AC
  • Building Class B
  • Year Built 1965
  • Zoning multi family
50 Transit Score
50 Walk Score

Highlights

9-unit apartment complex in central San Rafael, converted to residential in 2023 with strong in-place income and modernized interiors
Desirable unit mix: 3 studios, 4 one-bedrooms, and 2 two-bedrooms appealing to a broad tenant base
Extensive 2023 upgrades including kitchens, baths, flooring, systems, roof, plumbing, and exterior improvements
Stable cash flow with upside: current rents near market with built-in annual increases and additional growth potential
Strong investment metrics: ~5.5% cap rate and $193K+ estimated NOI
High-demand Marin location with 10 on-site parking spaces and proximity to SF, supporting long-term rental demand

Property Flyers

Amenities

  • 24 Hour Access
  • Balcony
  • Dishwasher
  • Disposal
  • Washer/Dryer
  • Heating
  • Security System
  • Ceiling Fans
  • Kitchen
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Range
  • Tub/Shower
  • Double Pane Windows
  • Patio
  • Wheelchair Accessible (Rooms)

Public Transportation

Commuter RailDriveWalkDistance
2 min 9 min 0.5 mi
6 min - 3.1 mi
AirportDriveWalkDistance
San Francisco International 51 min - 31.3 mi
Metro Oakland International 44 min - 31.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Elizabeth Sasan 415-990-7186 City Real Estate
Elizabeth Sasan 415-990-7186 City Real Estate