Skip To Content

1533 Lincoln Avenue

San Rafael, CA 94901
  • $1,925,000
  • STATUS: Active
  • ON SITE: 114 days
  • ID#: 321019621
UPDATED: 79 min ago
$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 RE/MAX GOLD. Data last updated: 2021-07-23T12:56:47.88.
www.sonomamarinhomes.com/homes/115601840
Print Image

1533 Lincoln Avenue San Rafael, CA 94901

  • Price: $1,925,000
  • Status: Active
  • Updated: 79 min ago
  • 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 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 RE/MAX GOLD. Data last updated: 2021-07-23T12:56:47.88.
 
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
RE/MAX GOLD
967 Golf Course Drive
Rohnert Park CA, 94928