2 HOMES ON 1 LOT! Beautifully updated 3BD/1BA, 1,099sqft main residence, plus a detached, newly constructed & fully permitted 3BD/2BA, 1,000sqft ADU. An exceptional & rarely available opportunity in the desirable Santa Venetia neighborhood of San Rafael. This versatile property offers two separate residences on one lot-ideal for rental income, multigenerational living, or owner occupancy w/ supplemental income. Market rents for each unit are estimated at approx $4,500/month, offering strong income potential. The main residence is a charming single-level home filled w/ natural light, featuring a functional layout & a warm, inviting feel. Complementing the main home, the newly constructed (2023) detached ADU is thoughtfully designed w/ modern finishes & comfortable living in mind. Each residence enjoys its own laundry room & private outdoor space, creating a sense of separation & flexibility for both owners & tenants. WEBSITE: 319nsanpedro.com
Rare investment opportunity in the heart of San Rafael, Marin County, one of California's most supply-constrained rental markets. This exceptional 17-bedroom, 9-bath income property sits on 1.66 acres across two parcels with pro forma gross rental income potential of $296,400/year. The property features a main structure with 16 bedrooms and 8 baths operating on a room-by-room rental model, 14 standard rooms at $1,300/mo and 2 premium rooms at $2,000/mo, plus a fully detached 1BD/1BA private residence with a market rent of $2,500/mo. Pro forma owner-managed NOI of approximately $185,888/year supports the $2,900,000 asking price at a 6.41% projected cap rate. All figures are pro forma projections based on market rents; buyer to verify.
San Rafael is located in California. San Rafael, California 94903has a population of 61,158. San Rafael 94903 is more family-centric than the surrounding county with 33.24% of the households containing married families with children. The county average for households married with children is 33.06%.
The median household income in San Rafael, California 94903 is $104,521. The median household income for the surrounding county is $131,008 compared to the national median of $69,021. The median age of people living in San Rafael 94903 is 43.1 years.
The average high temperature in July is 78.1 degrees, with an average low temperature in January of 42 degrees. The average rainfall is approximately 40.6 inches per year, with 0 inches of snow per year.
