11 San Rafael Avenue, San Rafael, CA 94901, San Rafael, 94901 - 4 bed, 2 bath
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San Rafael, CA 94901
This Value-Add Duplex in Gerstle Park represents a High-Potential Investment Opportunity with a List Price of $699,000—positioned well below the $723,220 Fair Market Value by 3%. This valuation gap provides $24,220 in Instant Equity for buyers. Each unit features 2 bedrooms, attached garages, and private fenced yards. With a Condition Rating of 4, the property requires cosmetic modernization to capture market-rate rents. Proximity to the top-rated Ross Elementary School (9/10) and Redwood High School (8/10) ensures high rental demand. This asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a house-hack project.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11 San Rafael Avenue Subject | $699,000* List Price | 4 | 2 | 1,369 | $528 | - |
A 2016 4th Street Active | $695,000 List Price | 2 | 1 | 1,231 | $565 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1949, this duplex shows signs of partial modernization from approximately 15-20 years ago, including laminate flooring and granite countertops in the kitchens and bathrooms. However, the property retains many dated elements such as older cabinetry, wall heaters, and basic tile work. The listing description explicitly states it 'needs some updating,' which fits the criteria for a functional but aged home requiring minor to moderate repairs and aesthetic refreshes.
Middle School: Ross Elementary School (9/10).
Priced significantly below the typical market entry point for Marin County, this duplex offers substantial equity potential and a high cap rate opportunity for savvy investors.
Situated in the highly desirable Gerstle Park neighborhood, the property benefits from a charming residential atmosphere while remaining close to downtown San Rafael amenities and transit.
The property is noted as needing updates, implying that immediate capital improvement and modernization are necessary to achieve market-rate rents.
Built in 1949, the building may require significant inspections and potential upgrades to aging electrical, plumbing, and structural systems to meet modern standards.
DUPLEX in Gerstle Park. A real steal! Each unit has 2 Bedrooms, 1 Bath, 1-car attached garage with W/D hook-ups, and a small fenced back yard area. Needs some updating, but at this price, how can you go wrong?
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.7 mi
Grades 6-8 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 3.0 | 55% |
| Baths | 2.0 | 3.0 | 49% |
| Square foot | 1,369 | 2,002 | 15% |
| Lot Size | 4,800 | 8,324 | 13% |
| Price | $699.0K | $1.36M | 18% |
| Price per sq ft | $511 | $662 | 24% |
| Built year | 1949 | 1955 | 38% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 203 | 1% |
Apr 7, 2026
$699,000
Initial Listing
Nov 8, 1995
$267,501
Public Record