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1222-1230 4th Street, San Rafael, CA 94901, San Rafael, 94901 - 6 bed, 2 bath

1222-1230 4th Street, San Rafael, CA 94901 home-pic-0
ACTIVE$4,900,000$12,684/sqft
1222-1230 4th Street, San Rafael, CA 94901
6Beds
2Baths
12,684Sqft
10,685.27Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Diversified Income Streams: The property offers a balanced mix of 11 residential apartments and 3 ground-floor commercial units, providing stable and diversified income streams for investors.
Top Cons:
Historic Property Age: Built in 1864, the property may require significant capital expenditures for ongoing maintenance, system upgrades, or unforeseen repairs despite modern finishes.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1864 (162 years old).
Condition: Despite being built in 1864, the residential units have been extensively renovated with contemporary finishes, including updated kitchens with modern cabinets, solid surface countertops, and stainless steel ranges, and bathrooms with glass-enclosed showers and modern fixtures. The flooring is a mix of hardwood and updated laminate/engineered wood. While common areas are well-maintained but not high-end, the individual units are move-in ready with functional systems and minimal wear, aligning with a 'Good' condition score for the livable spaces.
Year Built
1864
Close
-
List price
$4.9M
Original List price
-
Price/Sqft
$386
HOA
$0
Days on market
-
Sold On
-
MLS number
325073221
Home ConditionGood
Features
Good View:
View-

About this home

1222 4th Street is a mixed-use property located in the heart of downtown San Rafael, offering a prime investment opportunity in one of Marin County's most vibrant commercial corridors. The property consists of 11 residential apartments and 3 ground-floor commercial units, combining stable rental income with strong retail exposure in a high foot-traffic location. The residential units feature a mix of studio, one-bedroom, and two-bedroom apartments, each designed for modern living with spacious layouts, ample natural light, and contemporary finishes. The commercial spaces benefit from large storefront windows, excellent street visibility, and high foot traffic, making them ideal for retail, office, or service-oriented businesses. This property presents an exceptional opportunity for investors seeking a well-located asset with a balanced mix of residential and commercial income streams.

T
Thomas Galicia
Listing Agent
Condition Rating
Good
Despite being built in 1864, the residential units have been extensively renovated with contemporary finishes, including updated kitchens with modern cabinets, solid surface countertops, and stainless steel ranges, and bathrooms with glass-enclosed showers and modern fixtures. The flooring is a mix of hardwood and updated laminate/engineered wood. While common areas are well-maintained but not high-end, the individual units are move-in ready with functional systems and minimal wear, aligning with a 'Good' condition score for the livable spaces.
Pros & Cons

Pros

Diversified Income Streams: The property offers a balanced mix of 11 residential apartments and 3 ground-floor commercial units, providing stable and diversified income streams for investors.
Prime Downtown Location: Situated in the heart of downtown San Rafael, the property benefits from a vibrant commercial corridor, high foot traffic, and excellent visibility.
Strong Commercial Exposure: The commercial spaces feature large storefront windows and high street visibility, making them ideal for retail, office, or service-oriented businesses.
Modern Residential Appeal: Residential units are designed for modern living with spacious layouts, ample natural light, and contemporary finishes, appealing to a broad tenant base.
Exceptional Investment Opportunity: This well-located asset presents a compelling opportunity for investors seeking a property with a balanced mix of residential and commercial income in a desirable market.

Cons

Historic Property Age: Built in 1864, the property may require significant capital expenditures for ongoing maintenance, system upgrades, or unforeseen repairs despite modern finishes.
Complex Management & Operating Costs: Managing a mixed-use property with multiple residential and commercial tenants, especially an older building, can lead to higher operational complexities and costs.
Potential Parking Constraints: As a downtown property, there may be limited or no dedicated parking available for residential tenants or commercial customers, which could be a drawback.
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