Description
Discover 1380 Lincoln Avenue, a thoughtfully renovated 9-unit apartment complex located in the heart of San Rafael in beautiful Marin County. Originally converted from office to residential use in 2023, this property offers a compelling investment opportunity with strong in-place rents and modernized living spaces. The property features a well-balanced unit mix of 3 studios, 4 one-bedroom units, and 2 two-bedroom units, appealing to a wide range of tenants. Each residence was extensively remodeled during the 2023 conversion and includes updated kitchens and bathrooms, modern cabinetry, newer flooring, and upgraded building systems, creating comfortable, contemporary living environments. Residents enjoy the convenience of ample on-site parking with 10 dedicated spaces, a valuable amenity in this central San Rafael location. With strong in-place rental income and leases structured with annual increases, the property offers stable cash flow with long-term growth potential. Positioned in one of Marin County's most desirable rental markets, 1380 Lincoln Avenue presents an excellent opportunity for investors seeking a well-maintained, income-producing asset in a prime location.
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3BEDS
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0.22ACRES
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3BATHS
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01/2 BATHS
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5,130SQFT
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$686$/SQFT
School Ratings & Info
Description
Discover 1380 Lincoln Avenue, a thoughtfully renovated 9-unit apartment complex located in the heart of San Rafael in beautiful Marin County. Originally converted from office to residential use in 2023, this property offers a compelling investment opportunity with strong in-place rents and modernized living spaces. The property features a well-balanced unit mix of 3 studios, 4 one-bedroom units, and 2 two-bedroom units, appealing to a wide range of tenants. Each residence was extensively remodeled during the 2023 conversion and includes updated kitchens and bathrooms, modern cabinetry, newer flooring, and upgraded building systems, creating comfortable, contemporary living environments. Residents enjoy the convenience of ample on-site parking with 10 dedicated spaces, a valuable amenity in this central San Rafael location. With strong in-place rental income and leases structured with annual increases, the property offers stable cash flow with long-term growth potential. Positioned in one of Marin County's most desirable rental markets, 1380 Lincoln Avenue presents an excellent opportunity for investors seeking a well-maintained, income-producing asset in a prime location.
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