NOT LISTED FOR SALE
9 Beds
-- Bath
6,437 Sq Ft
0.28 Acres

Last Sold January 11, 2024

Last sale price $3,630,000 $564 Per Sq Ft

172 Days on Market

Highlights

  • View of Hills
  • Contemporary Architecture
  • Heating Available
  • Terra Linda High School Rated A-
  • Laundry Facilities

About This Home

As of January 2024

11-units. A modern apartment complex in the picturesque hills near North Lincoln Avenue in San Rafael. Built in 1984, the apartments offer stunning views of the beautiful San Rafael landscape. Most units were designed with fireplaces and decks in a variety of layouts, including a large 1-bedroom/2-bathroom unit, as well as 1-bedroom and studio designs. Convenience is key; on-site laundry facilities and ample off-street parking, ensuring a hassle-free living experience. Offering market-rate rentals, you receive fair investment value. Well cared for and low-maintenance landscaping, ensure this is ready for its new owner.

Last Agent to Sell the Property

Michael Burke

Golden Gate Sotheby's License #00454938 Listed on: 06/27/2023

Golden Gate Sotheby's

Co-Listed By

Pamela Burke

Golden Gate Sotheby's License #02156257

Last Buyer's Agent

Marshall Jainchill

Marshall & Co Prop Mgmnt Inc License #00876119

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985 | Remodeled

Lot Details

  • 0.28 Acre Lot

Home Design

  • Contemporary Architecture
  • Flat Roof Shape
  • Concrete Foundation
  • Composition Roof

Interior Spaces

  • 6,437 Sq Ft Home
  • 2-Story Property
  • Views of Hills

Parking

  • 7 Open Parking Spaces
  • 17 Parking Spaces
  • 11 Carport Spaces
  • Off-Street Parking

Utilities

  • No Cooling
  • Heating Available
  • Individual Gas Meter

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 011-023-15

Community Details

Overview

  • 2 Buildings
  • 11 Units

Additional Features

  • Laundry Facilities
  • Gross Income $283,200

Property Details

Home Type

Multi-Family

Year Built

Built in 1985 | Remodeled

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: North end of Lincoln Ave just past Hammondale. Left on Prospect to property.
  • Lot Size Acres: 0.2801
  • Stories: 2
  • CapRate: 4.90
  • Actual or Scheduled: Actual
  • ArchitecturalStyle: Contemporary
  • Special Features: None

Interior Features

  • Price Per Square Foot: 563.93
  • Square Footage: 6437.00
  • NumberOfBuildings: 2

Exterior Features

  • Foundation: Concrete Perimeter
  • Lot Features: None
  • Property Condition: Updated/Remodeled
  • Roof: Composition, Flat
  • View: Hills

Garage/Parking

  • Parking Features: Covered, Off Street
  • Total Parking Spaces: 17.00
  • Carport Spaces: 11.00
  • OpenParkingSpaces: 7.00

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Electric
  • Laundry Features: Coin Operated, In Common Area
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 011-023-15
  • Lot Size Sq Ft: 12201.00

Rental Info

  • TenantPays: Electricity, Gas, See Remarks

Building Info

  • Year Built: 1985

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: 1995 - 2995
  • Number Of1 Bedrooms Occupied: 9
  • Number of 1 Bedroom Units: 9
  • Number of Studio Units: 2
  • NumberOfUnitsTotal: 11
  • Number Studios Occupied: 2
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/11/2024 01/11/24 Sold $3,630,000 -1.9% $564 / Sq Ft
12/16/2023 12/16/23 Pending -- -- --
08/24/2023 08/24/23 Price Changed $3,700,000 -3.9% $575 / Sq Ft
06/27/2023 06/27/23 For Sale $3,850,000 +18.5% $598 / Sq Ft
09/12/2017 09/12/17 Sold $3,250,000 0.0% $545 / Sq Ft View Prior Sale
08/22/2017 08/22/17 Pending -- -- --
08/17/2017 08/17/17 For Sale $3,250,000 -- $545 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $59,832 $3,702,512 $995,520 $2,706,992
2024 $60,044 $4,005,362 $1,586,610 $2,418,752
2023 $61,167 $3,926,912 $1,555,500 $2,371,412
2022 $58,141 $3,850,000 $1,525,000 $2,325,000
2021 $53,915 $3,483,598 $1,077,449 $2,406,149
2020 $53,644 $3,447,952 $1,066,410 $2,381,542
2019 $51,916 $3,380,432 $1,045,500 $2,334,932
2018 $50,777 $3,250,000 $1,025,000 $2,225,000
2017 $28,576 $1,416,983 $353,251 $1,063,732
2016 $27,634 $1,389,287 $346,325 $1,042,962
2015 $26,462 $1,368,485 $341,123 $1,027,362
2014 $16,874 $1,337,369 $334,442 $1,002,927
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 323044039

Bay Area Real Estate Information Services (BAREIS)

APN: 011-023-15