329 339 Olema Road
Fairfax, CA 94930
- – beds
- – baths
- 8,568 sqft
- ~3/4 acre lot
- $291 per sqft
- 1964 build
- – on site
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.
Last checked:
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Last updated Nov 25, 2024
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MLS# 324085978 —
The Building
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Year Built:1964
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Year Built Source:Assessor Auto-Fill
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Construction Materials:Wood
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Architectural Style:Contemporary
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Subtype Description:Apartments
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Patio And Porch Features:Enclosed Patio
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Roof:Composition
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Levels:Two
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# of Buildings:3
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Foundation:Concrete Perimeter
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# of Units Total:6
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SqFt:8,568 Sqft
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SqFt Source:Assessor Agent-Fill
Location
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Directions:Sir Francis Drake past downtown Fairfax. Left on Olema Road to property.
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Area:Fairfax
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Cross Street:Sir Francis Drake
The Property
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Property Type:Residential Income
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Property Type:5 or More Units
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Lot Features:Secluded
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33927Lot SqFt:
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Lot Size Measurement:SqFt
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Lot Size Source:Assessor Agent-Fill
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View Description:Garden/Greenbelt
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0.7789Acres:
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Assessors Parcel Number:174-051-30
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Heating:Central
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Cooling:None
Utilities
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Water Source:Public
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Sewer:Public Sewer
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Separate Meters:Electricity, Gas
Appliances
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Laundry Features:In Each Unit
The Community
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Association:No
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Cap Rate:7.80
Parking
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Total Parking Spaces:9.00
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Parking Features:Off Street, Uncovered
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Open Parking Spaces:9.00
Extra Units
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# of 3 Bedroom Units:6
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Unit 1 Description:All units 3BR/1.5BA of 1,428 sf
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Unit 1 # of Rooms:7
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Unit 1 Approx SqFt:1428
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Unit 2 # of Rooms:7
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Unit 2 Approx SqFt:1428
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/21/24
Nov 21, 2024
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Price Changed | BAREIS | $2,500,000 | -27.3% |
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10/30/24
Oct 30, 2024
|
Listed / Active | BAREIS | $3,440,000 |
