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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