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1485-1495 Lincoln Ave 10 Unit Apartment Building For Sale San Rafael, CA 94901
EXECUTIVE SUMMARY
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).
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).
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 1.13 AC |
| Sale Condition | Redevelopment Project | Building Size | 12,098 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1949 |
| Apartment Style | Garden | Parking Ratio | 0.99/1,000 SF |
| Building Class | C | ||
| Zoning | HR1 - Zoning: HR1 (Multifamily Residential District) General Plan: HDR (High Density Residential) Jurisdiction: City of San Rafael | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.13 AC |
| Building Size | 12,098 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1949 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | HR1 - Zoning: HR1 (Multifamily Residential District) General Plan: HDR (High Density Residential) Jurisdiction: City of San Rafael |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 8 | - | 780 - 1,372 |
| Studios | 1 | - | 608 |
| 2+1 | 1 | - | 1,128 |
Walk Score®
Very Walkable (72)
PROPERTY TAXES
| Parcel Number | 011-092-21 | Improvements Assessment | $1,333,366 CAD |
| Land Assessment | $1,621,598 CAD | Total Assessment | $2,954,965 CAD |
PROPERTY TAXES
Parcel Number
011-092-21
Land Assessment
$1,621,598 CAD
Improvements Assessment
$1,333,366 CAD
Total Assessment
$2,954,965 CAD
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1485-1495 Lincoln Ave
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