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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