Description
Positioned in the heart of San Rafael, 1380 Lincoln Avenue offers a rare opportunity to acquire a fully repositioned 9-unit asset in one of Marin County's most supply-constrained rental markets. Converted from office to residential use in 2023, the property delivers modern, low-maintenance living with strong in-place income already established. The unit mix3 studios, 4 one-bedrooms, and 2 two-bedroomscaters to a broad tenant base, while extensive renovations throughout provide turnkey ownership. Each unit features updated kitchens and baths, contemporary finishes, and upgraded systems, minimizing near-term capital expenditures. With 10 on-site parking spaces and leases structured with annual increases, the asset combines day-one cash flow with built-in growth. For investors seeking stability, quality, and long-term upside in Marin, 1380 Lincoln Avenue checks all the boxes.
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3BEDS
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0.22ACRES
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3BATHS
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01/2 BATHS
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5,130SQFT
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$673$/SQFT
School Ratings & Info
Description
Positioned in the heart of San Rafael, 1380 Lincoln Avenue offers a rare opportunity to acquire a fully repositioned 9-unit asset in one of Marin County's most supply-constrained rental markets. Converted from office to residential use in 2023, the property delivers modern, low-maintenance living with strong in-place income already established. The unit mix3 studios, 4 one-bedrooms, and 2 two-bedroomscaters to a broad tenant base, while extensive renovations throughout provide turnkey ownership. Each unit features updated kitchens and baths, contemporary finishes, and upgraded systems, minimizing near-term capital expenditures. With 10 on-site parking spaces and leases structured with annual increases, the asset combines day-one cash flow with built-in growth. For investors seeking stability, quality, and long-term upside in Marin, 1380 Lincoln Avenue checks all the boxes.
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