Skip To Content

    1533 Lincoln Avenue

    San Rafael, CA 94901
    • $1,925,000
    • STATUS: Active
    • ON SITE: 23 days
    • ID#: 321019621
    $1,925,000
    • 3
      BEDS
    • 0.29
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1925
    County:
    Area:

    School Ratings & Info

    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)

    Monthly Payment Calculator



    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lisa Perotti | Corcoran Global Living. Data last updated: 2021-04-22T23:56:38.023.
    www.lisaperotti.com/homes/115601840
    Print Image

    1533 Lincoln Avenue San Rafael, CA 94901

    • Price: $1,925,000
    • Status: Active
    • ID#: 321019621
    3
    Beds
    4
    Baths
    0
    ½ Baths
    0.29
    Acres
    1925
    Built
    Neighborhood:
    San Rafael
    County:
    Marin
    Area:
    San Rafael
    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)
    Exterior Features

    Architectural Style Bungalow Carport Spaces 0 Covered Spaces 0 Foundation Details ConcreteConcreteperimeter Independent Parking Spaces 0 Lot Features Landscape BackLandscape FrontSidewalk Open Parking Spaces 0 Parking Features GarageOff Street Parking Total 5 Roof CompositionShingle Tandem Parking Spaces 0

    Interior Features

    1 Bedroom Units Total 1 2 Bedroom Units Total 1 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling Other Flooring CarpetTileWood Heating CentralWall Furnace Laundry Features Coin Operated Studio Units Total 2

    Property Features

    Association Fee 0 Association YN No Auction No Availability Date 1/1/1800 12:00:00 AM Gross Income 79560 Property Sub Type Quadruplex Property Type Residentialincome Separate Meters ElectricityGas Sewer Public Sewer Special Listing Conditions Offer As Is Subtype Description Apartments Tenant Pays Cable TvElectricityGas Utilities Internet Available Water Source Public

    Listing information © 2021 Bay Area Real Estate Information Services.
    Listing courtesy of Erich M Reichenbach of Marcus & Millichap.


    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Lisa Perotti | Corcoran Global Living. Data last updated: 2021-04-22T23:56:38.023.
     
    https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_1_90214442-2.jpg https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_1_90214442-2.jpg https://bt-photos.global.ssl.fastly.net/bareis/1280_boomver_1_90214442-2.jpg
    Logo
    Lisa Perotti | Corcoran Global Living
    350 Bon Air Center Road, Suite 100
    Greenbrae CA, 94904