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

November 22, 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

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 11/22/2024.

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 Kevin Gueco | CA DRE# 01461677 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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Data last updated 10:52 PM UTC, 11/22/2024

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