
Ben Lomond, California 95005
Nestled among the towering redwoods of the San Lorenzo Valley, this 8-unit multifamily property has excellent rental history with low vacancy, appealing to long-term tenants, and offers the fundamentals a thoughtful investor looks for: high occupancy, high income potential, and a desirable location for easy access to highways and public transportation. Versatility of units makes this great for buyers searching for solid investment return: live in one, rent the others, or a community compound. Property has been well-maintained by the current owner. Set on a bright and sunny flat lot with one new roof, repairs, and painting completed in 2026. The property features a mix of 1- and 2-bed cottages, two 2-bed apartments, 3 studio apartments, and a 3-bed/2-bath house, with inviting front porches, vibrant exterior finishes, and a peaceful, community-oriented layout that tenants love, with the opportunity to create a large raised-bed garden. Additional highlights include on-site parking for all units and a large garage for storage and extra income potential. With the flexible unit mix and upside potential, this is an exceptional opportunity for investors seeking immediate cash flow and long-term appreciation in one of the most desirable and supply-constrained rental markets in CA.
Property is moderate renovation needed.
Originally built in 1950, this multi-unit property is over 70 years old. While it has received recent 2026 exterior maintenance including a new roof and fresh paint, the listing lacks evidence of modern interior renovations to kitchens, bathrooms, or electrical/HVAC systems, categorizing it as a well-maintained but dated asset.
The 8-unit composition, featuring a 3-bedroom main house, cottages, and studios, offers exceptional flexibility for owner-occupants, multi-generational living, or diverse rental strategies.
With a history of low vacancy and high occupancy in a supply-constrained market, this property provides immediate cash flow and significant long-term appreciation potential.
The property has been well-maintained with a new roof, fresh exterior paint, and repairs completed in 2026, reducing the need for immediate large-scale capital expenditures.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4178, other record living area = 394.
Originally constructed in 1950, the property may require ongoing maintenance of older utility systems and infrastructure typical of mid-century multifamily developments.
The location directly on Highway 9 provides excellent accessibility but may result in higher ambient noise levels, potentially impacting the tranquility of the redwood setting.
No exterior & parking available.
No sensitive facilities data found.
Oct 13, 2026
$2,399,000
Initial Listing
Sep 22, 2004
$869,500
Public Record