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329 339 Olema Road
Fairfax CA 94930 US

$2,500,000

Active Listing ID 324085978
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Lot: 0.78 Acres
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Other

$2,500,000

Active Listing ID 324085978
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329 339 Olema Road 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.

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Property Features

  • Facts
  • Lot Size: 0.78 Acres
  • Property Type: Other
  • Property Sub-type: Other
  • Features
  • Heating Fuels: Central Furnace

Property

  • propertytype: Other
  • propertysubtype: Other
  • listprice: 2500000
  • unparsedaddress: 329 339 Olema Road
  • postalcity: Fairfax
  • stateorprovince: CA
  • country: US
  • postalcode: 94930
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.7789
  • lotsizeunits: Acres
  • lotsizearea: 0.7789
  • livingarea: 8568
  • livingareaunits: Square Feet
  • listagentfullname: Michael Burke
  • listagentemail: mburke@marinapartments.com
  • listagentkey: 3yd-BAREISCA-A011174
  • listagentmlsid: A011174
  • listagentpreferredphone: 4154649300
  • listagentofficephone: 4154649300
  • listofficekey: 3yd-BAREISCA-7A2676
  • listagentstatelicense: 00454938
  • listofficemlsid: 7A2676
  • disclaimer: Copyright © 2024 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: BAREISCA
  • yearbuilt: 1964
  • listagenturl: http://www.marinapartments.com
  • countyorparish: Marin
  • parcelnumber: 174-051-30
  • heating: Central Furnace
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 9
  • waterfrontyn: False
  • franchiseaffiliation: Sotheby's International Realty
  • architecturalstyle: Other
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
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Listing Changed: 11/25/2024 5:02:19 PM GMT
Source Updated Date: 12/22/2024 6:50:18 AM GMT

Courtesy of: Michael Burke, Golden Gate Sotheby's International Realty, mburke@marinapartments.com

Copyright © 2024 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.