1240 4th Street San Rafael, CA ^$ 4,500,000

1240 4th Street

^$ 4,500,000

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Recently Listed

1240 4th Street

San Rafael, CA, 94901

^$ 4,500,000

Bedrooms-- Baths-- Sq 10,894

Monthly Estimate*

^$ 28,074

Listed by Coldwell Banker Realty

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Commercial Property for sale in San Rafael, CA

for $4,500,000. This 10,894 square foot building was built in 1893 on a lot size of 0.2056.

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!

Commercial Active

Price

^$ 4,500,000

Property Type

Commercial

Taxes

^$ 41,881

Style

Lot Size

0.2056

Year Built

1893

Town/City

San Rafael

County/Region

Marin

MLS | Web ID

ML82002642

Days on Market

246

Features

General

Cooling None

Roof Shingle

Zoning R3

HOA Fee 0

Year Built 1893

County Marin

Insurance Expense 5039

Property Type Commercial Sale

MaintenanceExpense 6500

Special Listing Conditions Standard

Status Active

City San Rafael

High School District Other

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 8956

Carport Spaces 0

Tax Annual Amount 41881

Trash Expense 0

Standard Status Active

Occupancy Type Tenant

Year Built Source Other

Interior

Air Conditioning Y/N 1

Total Baths 0

Exterior

Water Source Public

Total Parking 0

Lot Size Area 8956

Number of Buildings 1

Building Area Total 10894

Lot Size Acres 0.2056

Lot Size Source Assessor

* Excluded Features

List By

Coldwell Banker Realty

Broker

neel.bhatia@cbnorcal.com

Affordability Calculator

$31,564

Per Month

Monthly Principal & Interest: $28,074
Monthly Property Taxes: $3,490
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in San Rafael, CA

Average List Price ^$3,716,692

Percent of Sale Price 17%

About San Rafael, CA

58,727 Population

5% Since 2002

^$87,599 Median Income

42.18 Median Age

29% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/28/2025	$4,500,000		Listed Price

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1240 4th Street, San Rafael, CA, 94901 is a Commercial Property for sale at $4,500,000 with 10,894 sqft and a lot size of 0.2056. 1240 4th Street was built in 1893. The property's zip code is 94901 which is in San Rafael, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/17/2025. 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.

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1240 4th Street

Commercial Property for sale in San Rafael, CA

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