532-536 Fifth Ave, San Rafael, CA

Investment Overview

Charming Downtown San Rafael Triplex with 4 Garages

Built in 1948, this charming two-story stucco legal triplex consists of three large one-bedroom flats totaling 2,320 square feet. In addition, tenants have access to one of the 4 attached single car garages with remote controlled garage door openers and plenty of space for car and storage.

Unit #532 and #534 have hardwood floors in the living areas, vinyl floors in the bathrooms and remodeled kitchens with stone counter tops, new kitchen cabinets, stainless steel appliances, and new wood look laminate flooring. Unit #536 has carpet and vinyl flooring.

Through a private, locked gate at the rear of the property is a sunny lushly landscaped patio with room for a barbecue, lawn furniture and potted plants. Access to the private space for tenants is either through the ground floor entrance to Unit #536 or a redwood stairway leading up to the kitchen back doors of the two upper flats. This common area creates a unique outdoor space that is well loved and maintained by the tenants.

The owner upgraded the electrical during his ownership and added a laundry room with a stacking Maytag washer and dryer, which required the addition of a 4th electric meter. Currently, the owner is using two garages as storage units but will vacate at close of escrow. This is a pride of ownership property that will be delivered turnkey with a stable rental history and many recent upgrades that make it an attractive investment for the discerning investor.