11 Chestnut Avenue, San Rafael, CA 94901, San Rafael, 94901 - 0 bed, 0 bath
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San Rafael, CA 94901
This Marin County Triplex Asset is a Strong Value Opportunity listed at $1,400,000—positioned well below the $1,416,146 Fair Market Value by 1%. This acquisition provides $16,146 in Instant Equity for the incoming buyer. While currently holding a Vintage Condition Rating, the property features three high-demand 2BR/1BA units equipped with Private Backyards, Wood-Burning Fireplaces, and in-unit laundry. Located within the prestigious Sun Valley Elementary (8/10) boundary, this asset benefits from intense rental demand and long-term appreciation. It is an ideal strategic play for Buy-and-Hold Investors or Owner-Occupants looking to house-hack in a supply-constrained market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11 Chestnut Avenue Subject | $1,300,000* List Price | 0 | 0 | 2,664 | $505 | - |
A 2022 5th Avenue Active | $1,485,000 List Price | 5 | 5 | 2,472 | $601 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1955, the property appears well-maintained but significantly outdated. While the exterior and hardwood flooring are in decent condition, the kitchen and bathrooms feature vintage tiling, older cabinetry, and dated fixtures that likely haven't been renovated in over 30 years, meeting the criteria for functional but aged components.
Elementary School: Dixie Elementary School (9/10).
Each of the three 2BR/1BA units offers single-level living, private backyards, and in-unit laundry, which are premium amenities that significantly drive tenant retention and rental premiums.
Situated in a supply-constrained Marin County rental market, this property is positioned for stable cash flow and long-term capital appreciation in one of San Rafael's most desirable neighborhoods.
Built in 1955, the property may require upcoming capital expenditures for system upgrades or modernization to maintain its competitive edge in the rental market.
The 'do not disturb tenants' requirement and appointment-only showings may complicate the due diligence process and immediate transition for owner-users.
Rare Marin County triplex opportunity featuring three well-designed 2BR/1BA units, each on a single level and offering a private backyard and wood-burning fireplace, highly desirable amenities that enhance everyday living. Interiors include functional galley kitchens and in-unit stacked washer and dryers. Additional features include dedicated storage units and covered carport parking for each unit. Located in one of Marin's most supply-constrained rental markets, and one of the most desirable neighborhoods of San Rafael. The highly rentable unit mix and thoughtful amenities position the asset for stable income and long-term appreciation. A compelling opportunity for investors or owner-users seeking flexibility, durability, and the location advantages of Marin County. Do not disturb tenants.
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.8 mi
Grades K-5 • 3.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 33% |
| Baths | 0.0 | 2.0 | 33% |
| Square foot | 2,664 | 1,876 | 67% |
| Lot Size | 11,283 | 11,283 | 50% |
| Price | $1.30M | $995.0K | 67% |
| Price per sq ft | $488 | $0 | 67% |
| Built year | 1955 | 1952 | 67% |
| HOA | $0 | $0 | 50% |
| Days on market | 57 | 295 | 33% |
Apr 23, 2026
$1,300,000
$1,400,000
-7% Price Drop
Initial Listing
Apr 10, 2026
$1,400,000
Initial Listing