1380 Lincoln Avenue presents a rare opportunity to acquire a fully renovated, income-producing 9-unit asset in the heart of San Rafael, Marin County.
Originally converted from office to residential use in 2023, the property has been comprehensively upgraded, offering investors a stabilized asset with strong in-place rents and minimal near-term capital expenditure requirements.
The unit mix—3 studios, 4 one-bedroom units, and 2 two-bedroom units—provides diversified income streams and broad tenant appeal. All units were extensively remodeled in 2023 with modern kitchens and baths, updated cabinetry, new flooring, and upgraded building systems, positioning the property competitively within the local rental market.
The asset benefits from 10 on-site parking spaces, a highly desirable amenity in this central location, further supporting tenant retention and rental demand.
With solid in-place income and leases structured with annual 3% increases, the property offers predictable cash flow alongside built-in revenue growth. Located in one of Marin County’s most supply-constrained and desirable rental markets, 1380 Lincoln Avenue is well-positioned for long-term appreciation and sustained investor returns.