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1315 Lincoln Ave
San Rafael, CA 94901
Rafael Garden Apartments · Multifamily Property For Sale
·
16 Units
EXECUTIVE SUMMARY
CBRE. as exclusive listing agent, is pleased to present the opportunity to purchase 1315 Lincoln Avenue, Rafael Gardens, 16 units in San Rafael made up of sixteen (16) 1 bed 1 bath units, Marin County is emerging as a compelling secondary tech hub to San Francisco, driven by the AI boom. For investors, this offers a prime opportunity to capitalize on Marin's highly educated and expanding local workforce.
NDA required to be signed by all interested purchasers before marketing materials can be made available. Rafael gardens is Property 5 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team
NDA required to be signed by all interested purchasers before marketing materials can be made available. Rafael gardens is Property 5 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team
PROPERTY FACTS
| Price Per Unit | $295,313 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.49 AC |
| Cap Rate | 5.06% | Building Size | 12,000 SF |
| No. Units | 16 | Average Occupancy | 68% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1948 |
| Apartment Style | Low-Rise | Parking Ratio | 1.33/1,000 SF |
| Price Per Unit | $295,313 |
| Sale Type | Investment |
| Cap Rate | 5.06% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 68% |
| No. Stories | 2 |
| Year Built | 1948 |
| Parking Ratio | 1.33/1,000 SF |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | - | 750 |
PROPERTY TAXES
| Parcel Number | 011-183-09 | Improvements Assessment | $1,899,156 |
| Land Assessment | $3,406,452 | Total Assessment | $5,305,608 |
PROPERTY TAXES
Parcel Number
011-183-09
Land Assessment
$3,406,452
Improvements Assessment
$1,899,156
Total Assessment
$5,305,608
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