Address
1533 Lincoln Ave San Rafael, CA
Price
$ 1,925,000
Property Attributes
  • MLS#321019621
  • TypeMulti-Family
  • CountyMARIN
  • CitySan Rafael
  • AreaSan Rafael
  • Zip94901
  • StyleBungalow
  • Price$ 1,925,000
  • Bedrooms3
  • Full Bathrooms4
  • Half Bathrooms0
  • Lot Size12,750 SqFt
Listing Provided Courtesy Of:
Erich M Reichenbach with Marcus & Millichap - 818-212-2700
Data Source:
Bay Area Real Estate Info Services (BAREIS) - 159 - CA
Property Description

Subject property, a 4-unit multifamily property, includes an adjacent 2nd parcel for multifamily, residential development in San Rafael, California. This is a rare opportunity for an investor to purchase an in-fill development site, with a current cash-flow, allowing investors an 3.83% return on investment as they begin the entitlement/development process with the City of San Rafael. The location has a zoning designation of HR1, high-density multifamily residential, which is the highest density allowed under the City's zoning regulations. Under current multifamily residential development regulations, this would allow for up to a maximum density of 22 units on site. The ultimate number of units allowed will depend on design and consultation with the City of San Rafael. At this time there are no plans or development proposals filed with the City. This property will provide above market average yield and provide a superior longer-term development opportunity. (2nd Parcel APN011-092-15)

Price History
3/30/2021 Listed $1,925,000

General Features

Architectural Style Bungalow
Association Y/N No
Auction No
Availability Date 1800-01-01T00:00:00
Cooling Other
Flooring Carpet, Tile, Wood
Garage Spaces 2
Heating Central, Wall Furnace
MLS Area San Rafael
Property SubType Quadruplex
Property Type Residential Income
Roof Composition, Shingle
Sewer Public Sewer
Status Active
Subtype Description Apartments
Total Units 4

Interior Features

# Studios Occupied 2
Laundry Features Coin Operated
Unit 1 # Of Rooms 3
Unit 1 Bedroom Units Total 1
Unit 1 Description Studio
Unit 1 Full Baths 1
Unit 2 # Of Rooms 5
Unit 2 Bedroom Units Total 1
Unit 2 Bedrooms 2
Unit 2 Description 2 Bedroom
Unit 2 Full Baths 1
Unit 2 Sqft Source Owner
Unit 3 # Of Rooms 3
Unit 3 Description Studio
Unit 3 Full Baths 1
Unit 4 # Of Rooms 4
Unit 4 Bedrooms 1
Unit 4 Description 1 Bedroom
Unit 4 Full Baths 1
Unittypestudiounitstotal 2

Exterior Features

Foundation Details Concrete, Concrete Perimeter
Lot Features Landscape Back, Landscape Front, Sidewalk
Lot Size Acres 0.2927
Lot Size Source Assessor Auto-Fill
Lot Size Square Feet 12750
Lot Size Units Acres
Number of Buildings 1
Parking Features Garage, Off Street
Total Parking 5
Water Source Public

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 94901

Price
AVG $1.64M
$1.93M
Visits
AVG 55
94
Year Built
AVG 1943
1925
Walkscore
AVG 63
52
Data Provided by Walkscore ® not using MLS data