Active
329-339 Olema Rd
Fairfax CA, 94930
$2,500,000
$291.78 per sqft
Active
8,568 sqft
Multi-family
Built in 1964
An incredible Marin County investment opportunity in the unincorporated section west of Fairfax. The property is located on .78 acres (33,927 sf) of land and features three spacious side-by-side duplexes with 3BR/1.5 BA townhouse units. Each apartment is 1,428sf. They are thoughtfully designed for modern living. The property's open layout gives each building a sense of privacy and lends itself to future development, such as ADUs. Three separate parcels; however, necessary easements for driveway, parking, utilities, etc between the properties still need to be created and recorded. Buyer to confirm with the County. As Duplexes with 3 BRs are rare, the rental income for this property is generous, with units being rented in the $4500 range. Overall, the property seems to be in good condition, however, a neighboring property caused a mudslide above the middle upper duplex. While, we understand, the cause has been repaired, these two units remain empty and still need substantial repairs, as well as the hillside directly above. Three duplexes priced at $1,000,000 each with one discounted $500,000 for repairs needed. Properties being sold as a package for $2,500,000 AS IS. Experience the charm of Fairfax, known for its vibrant community, outdoor activities, and artistic spirit.
324085978
MLSⓇ ID
October 30, 2024
Listed
December 10, 2024
Updated
Map
329-339 Olema Rd
Fairfax CA, 94930
Interior Features
Total Stories
0
Laundry Description
In Each Unit
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.78 Acres
Exterior Features
Secluded
Lot Features
Secluded
Architectual Style
Contemporary
Roof
Composition
Sewer
Public Sewer
Other Property Details
Area Name
Fairfax
Garage
No
Parking
Off Street, Uncovered
Parking Total
9
View
Yes
View Description
Garden/Greenbelt
County
Marin
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
11/21/2024 | Price change | $2,500,000 -28% |
Listed by Michael J Burke (00454938) with Golden Gate Sotheby's International Realty
Listing Contact:
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