Active

329-339 Olema Rd

Fairfax CA, 94930

$3,440,000


$401.49 per sqft

Active

8,568 sqft

Residential

Built in 1964

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.

324085978

MLS ID

October 30, 2024

Listed

November 6, 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

Listed by Michael J Burke (00454938) with Golden Gate Sotheby's International Realty

Listing Contact:  

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Mershad Rezayati shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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