1240 4th Street Active Save Request In-Person Tour Request Virtual Tour
San Rafael,CA 94901
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 10,894 sqft
Price per Sqft $436
MLS Listing ID ML82002642
HOA Y/N No
Year Built 1893
Lot Size 8,956 Sqft
Acres 0.21
Property Sub-Type Other
Property 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!
Location
State CA
County Marin
Zoning R3
Interior
Heating Other
Cooling None
Fireplace No
Exterior
Handicap Access Other
Building
Water Public
New Construction No
Others
Tax ID 01121217