1240 4th Street,San Rafael, CA 94901
San Rafael, CA 94901
Description
First time on the Market in over 25 Years! Prime, Heart of Downtown San Raphael Investment Offering of a 13 Unit Mixed Used Investment Property! A Current 5.5% CAP Offering with Upcoming & Allowable Increases in 2025 Allowing for Immediate Upside! Owner has Self Managed this Asset with Pride, and has Recently Performed Upgrades to the Property with BRAND NEW Electrical Panels (2024/2025), a New Roof in 2023, & Many Rehabbed Units in Recent Years ranging from New Bathrooms & Kitchens. Property Consists of (4) Long Time Retail Tenants: Amici's Pizza, The SHOP (high end barber shop), Friends Books, and Tibet Shop along with (9) Multifamily Units Consisting of (2) 2bed/1bth Units, (2) 1bed/1bths, & (5) Studio Units. Corner LOT! Property is Owned Free & Clear Of Debt! Seller May Carry with Minimum 35% Down for Qualified Buyer. Must See to Appreciate!
Details
| MLS # | ML82002642 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1893 |
| Days On Site | 68 |
| Listing Provided By | Coldwell Banker Realty | Neel Bhatia |
Features
| SQ Feet | 10,894 |
|---|---|
| Building(s) | 1 |
| Zoning | R3 |
| Acreage | 0.21 |
Interior
| Cooling | None |
|---|---|
| Cooling Yes / No | Yes |
Exterior
| Roof | Shingle |
|---|
Taxes
| Property | 44924 |
|---|
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Learn More About This Property
| State | CA |
|---|---|
| County | Marin |
| City | San Rafael |
| Zip Code | 94901 |
| Area | 699 Not Defined |
| School District | Other |
| Listing VS Median (in 94901) | |
Price: $4,750,000 low | high Med: $1,500,000 SqFt: 10,894 low | high Med: 2,437 $ / SqFt: $436 low | high Med: $616 On site: 68 low | high Med: 102.000000 | |