13
See all 13 photos
$4,750,000
Est. payment /mo
8,955 Sqft Lot
Active
1240 4th ST San Rafael, CA 94901
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82002642
HOA Y/N No
Year Built 1893
Annual Tax Amount $44,924
Lot Size 8,955 Sqft
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
Area 699 - Not Defined
Zoning R3
Interior
Cooling None
Fireplace No
Exterior
Roof Type Shingle
Building
Water Public
Schools
School District Other
Others
Tax ID 01121217
Special Listing Condition Standard
Listed by Neel Bhatia Coldwell Banker Realty