- $4.5M Price
- .21 Acres
- 216 DOM
1240 4th Street
PRICE REDUCED! 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 5.77% CAP/11.6 GRM! 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!
Essential Information
- MLS® #ML82002642
- Price$4,500,000
- Bathrooms0.00
- Acres0.21
- Year Built1893
- TypeCommercial Sale
- StatusActive
Community Information
- Address1240 4th Street
- Area699 - Not Defined
- CitySan Rafael
- CountyMarin
- Zip Code94901
Interior
- CoolingNone
Exterior
- RoofShingle
School Information
- DistrictOther
Additional Information
- Date ListedApril 15th, 2025
- Days on Market216
- ZoningR3
Listing Details
- AgentNeel Bhatia
- OfficeColdwell Banker Realty
Price Change History for 1240 4th Street, San Rafael, (MLS® #ML82002642)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $4,750,000 to $4,500,000 |
Neel Bhatia, Coldwell Banker Realty.
Based on information from California Regional Multiple Listing Service, Inc. as of November 18th, 2025 at 8:30pm PST. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.