1485-1495 Lincoln Ave - Apartments FOR SALE


San Rafael, CA 94901- Lincoln-San Rafael Hill
$3,000,000 USD
415-526-7649
1485-1495 Lincoln Ave, San Rafael, CA for Sale
$3,000,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1485-1495 Lincoln Ave
San Rafael, CA 94901
Lincoln-San Rafael Hill


OVERVIEW

Newmark, as exclusive advisor, is pleased to present the opportunity to purchase the fee simple interest in the 10-unit, ±1.13-acre apartment property located at 1485-1495 Lincoln Avenue in San Rafael, California. This well located infill property features incredible walkability, access to transit and proximity to U.S. Highway 101 in one of the most coveted and supply-constrained locations in the Bay Area. The property currently contains 10 apartment units within three standalone buildings, with access to the property via two signalized curb cuts at Lincoln Avenue. The property is zoned HR1 (Multifamily Residential District) in the City of San Rafael, with a General Plan Land Use Designation of HDR (High Density Residential) allowing for a base density potential of up ±49 residential units (non-inclusive of any applicable State Density Bonus).

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$248 USD /SF

# OF UNITS

10

PRICE/UNIT

$300,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

12

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

HR1

APN/PARCEL ID

011-092-21

ASK ABOUT THIS PROPERTY

Haden OngaroNewmarkMore Info
415-526-7649

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Haden OngaroNewmarkMore Info
415-526-7649

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.