10 Pedrini Way, Lagunitas, CA 94938, Lagunitas, 94938 - 0 bed, 0 bath
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Lagunitas, CA 94938
Analysis of 10 Pedrini Way, Lagunitas, CA 94938 is currently available with a list price of $1,069,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Lagunitas Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
The property, originally built in 1963, has undergone substantial updates within the last 7 years, placing it firmly in the 'Good' category. The kitchens in the primary units feature modern white cabinetry, butcher block countertops, and updated stainless/black appliances. The interiors are move-in ready with contemporary laminate flooring, recessed lighting, and updated bathrooms, including a stylish clawfoot tub in the studio. While the exterior decks show some age, the overall condition reflects well-maintained systems and recent aesthetic improvements that meet modern standards without requiring immediate renovation.
The property features three separate units with two already tenant-occupied, providing immediate rental income and flexibility for owner-occupants or investors.
Both primary two-bedroom units have been substantially updated within the past seven years, offering modern interiors and reducing the need for immediate capital improvements.
Situated at the gateway to Samuel P Taylor State Park with a southwest-facing orientation, the property enjoys abundant natural light and easy access to premier outdoor recreation.
The third studio unit does not appear on official tax records, which may present challenges regarding financing, appraisals, or future legal compliance.
With approximately 1,500 total square feet divided among three units, the individual living areas are relatively small, which could limit appeal for tenants seeking more spacious accommodations.
Welcome to 10 Pedrini, a smart multi unit investment property at the gateway to Samuel P Taylor State Park in Lagunitas. The side by side, mirror image, 2 bedroom, 1 bath units have both been substantially updated in the past 7 years. They face southwest, taking advantage of the sunshine and natural light while also enjoying the temperate San Geronimo Valley climate. Each of the 2 upper units has a generous kitchen, open dining and living room and 2 ample bedrooms and full bathroom off of a central hallway. The primary bedrooms and living rooms have sliding glass doors to a private deck, perfect for enjoying a sunny morning coffee or container gardening. Below the units A and B are enclosed carports and access to unit C, a studio unit with a full bath and open studio space with kitchen and living area that leads to a lower level private deck. All units share access to a yard space, perfect for gardening, relaxing or entertaining. This multi-unit property offers approximately 1,500 square feet of living space across three separate units. The property features four bedrooms and three bathrooms total. The first unit is a two-bedroom unit. It includes a spacious living area, a full bathroom, and a private deck overlooking the shared yard space. The second unit is also a two-bedroom unit, with a similar layout to the first. Both two-bedroom units provide ample living and storage space and have been substantially updated in the last seven years. The third unit is a studio apartment. It offers an open floor plan with a kitchenette, a full bathroom, and access to the shared yard and laundry area. All three units have a southwest facing orientation, allowing for abundant natural light throughout the day. (the studio unit does not appear on tax records). The property includes a shared, fully fenced yard space for all tenants to enjoy. A shared laundry area is conveniently located on-site. Additionally, the property provides an enclosed carport parking area with space for two vehicles. Currently, two of the three units are tenant-occupied, offering an established rental income stream for the next owner. This versatile property presents an excellent opportunity for an investment or owner-occupant looking to capitalize on the benefits of multi-unit living.
No exterior & parking available.
No sensitive facilities data found.
Mar 31, 2026
$1,069,000
Initial Listing