$3,440,000
329 Olema RD #339 Fairfax, CA 94930
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Listed by Michael J Burke • Golden Gate Sotheby's International Realty
$3,440,000
Est. payment /mo
8,568 SqFt
New
329 Olema RD #339 Fairfax, CA 94930
UPDATED:
10/30/2024 07:07 AM
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 8,568 sqft
Price per Sqft $401
MLS Listing ID 324085978
HOA Y/N No
Year Built 1964
Lot Size 0.779 Acres
Property Description
This is an incredible Marin County investment opportunity in the unincorporated section of Fairfax, exempt from the Town's rental controls. 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. While the duplexes have their own APN, further investigation is needed to see if actual lot spits are available. As Duplexes with 3 BRs are rare, the rental income for this property is generous, with units being rented in the $4500 plus range. Experience the charm of Fairfax, known for its vibrant community, outdoor activities, and artistic spirit. One of the duplexes experienced extesive damage from a mudslide. The AS IS asking price reflects a $560,000 credit for repairs needed. The cause of the slide has been corrected, but work is needed. Ideal for a contractor special.
Location
State CA
County Marin
Area Fairfax
Interior
Heating Central
Cooling None
Exterior
Garage Off Street, Uncovered
Garage Spaces 9.0
Roof Type Composition
Building
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Architectural Style Contemporary
Others
Special Listing Condition None
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