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

Sale Details

Date Sold: January 11, 2024

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

172 Days on Market

Highlights

  • View of Hills
  • Laundry Facilities
  • Heating Available
  • Contemporary Architecture

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

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1985 | Remodeled

Lot Details

  • 12,201 Sq Ft 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
  • Separate Meters
  • 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

0.28 Acres

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2023
Closed on
Jan 8, 2024
Sold by
Bought by
Seller's Agent
Michael Burke
Golden Gate Sotheby's
Buyer's Agent
Marshall Jainchill
Marshall & Co Prop Mgmnt Inc
List Price
$3,850,000
Sold Price
$3,630,000
Premium/Discount to List
-$220,000
-5.71%
Views
69

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,250,000
Outstanding Balance
$1,219,021
Interest Rate
7.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 3, 2021
Sold by
Bought by

Purchase Details

Closed on
Sep 11, 2017
Sold by
Bought by

Purchase Details

Closed on
Oct 11, 2006
Sold by
Bought by

Purchase Details

Closed on
Oct 10, 2006
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Lincoln-San Rafael Hill, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$3,630,000 Old Republic Title
-- Old Republic Title
$3,250,000 Stewart Title Of Claifornia
-- None Available
-- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,250,000
Previous Owner $2,005,000
Previous Owner $100,000
Previous Owner $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
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 -- $598 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2026 $59,832 $3,776,473 $1,015,430 $2,761,043
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

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