1240 4th ST, San Rafael, CA 94901 – ML82002642

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Gatehouse Properties

info@gatehouseproperties.com +1(714) 743-9882

$ 4,750,000

Est. payment | -/mo

8,955 Sqft Lot

Save

$ 4,750,000

Est. payment | -/mo

Save

8,955 Sqft Lot

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

+1(714) 743-9882

info@gatehouseproperties.com

Costa Mesa, CA, 92626, United States

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1240 4th ST San Rafael, CA 94901