Active
102 West Street
San Rafael CA, 94901
$1,500,000
$819.67 per sqft
Active
4 Beds
2 Baths
1,830 sqft
Multi-family
Built in 1946
Two homes on one lot that are split-able under California SB 9 presents a unique opportunity for prospective owners and investors looking to capitalize on recent legislative changes aimed at expanding housing options. Both homes are currently rented at below market rates with tenants paying all utilities, maximizing returns for a new owner. SB9 permits property owners to subdivide their lots to create two separate parcels, each capable of accommodating a residential unit. This allows for the development of duplexes or two separate single family homes. Combining practicality with financial foresight, offering a pathway to both immediate benefits and future growth in the dynamic real estate market. City of San Rafael has already issued an address and power for the detached 2 car garage, further adding value to a new owner from day one. A new owner would be able to add an ADU right away prior to splitting the lot. Downtown San Rafael is a vibrant and eclectic hub nestled in the heart of Marin County, offering a unique blend of historical charm and modern amenities. Lined with tree shaded streets and historic buildings, the downtown area exudes a welcoming atmosphere that invites both residents and visitors to explore its diverse offerings
324058536
MLSⓇ ID
June 24, 2024
Listed
August 30, 2024
Updated
Map
102 West Street
San Rafael CA, 94901
Interior Features
Total Stories
2
Bedrooms
4
Total Bathrooms
2
Full Bathrooms
2
Laundry Description
Washer/Dryer Hookups, In Unit
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Floor Furnace
Exterior/Building Features
Lot Size
0.19 Acres
Lot Features
Sidewalk, Corner Lot
Sewer
Public Sewer
Other Property Details
Area Name
San Rafael
Days on Market
5
Garage
Yes
Garage Spaces
4
Parking
See Remarks, Detached, Attached
Parking Total
6
View
No
County
Marin
Water Source
Separate Meter, Water District
Pool
No
Open House Schedule
Sun, Sep 8th
11:00 AM - 1:00 PM PDT
Listed by Angelo Baglieri with Marcus & Millichap
Listings on this page identified as belonging to another listing firm are based upon data obtained from the SFAR MLS, which data is copyrighted by the San Francisco Association of REALTORS, but is not warranted. Data last updated on 8/30/2024.
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Randy Waller shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 4:28 PM UTC, 8/30/2024