17 Prospect Dr, San Rafael, CA 94901, San Rafael, 94901 - bed, bath
ACTIVE$1,498,000/sqft
17 Prospect Dr, San Rafael, CA 94901
0Bed
0Bath
Sqft
6,915Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Income-Generating Triplex: The property is a well-maintained triplex with all units currently rented, providing immediate and stable rental income for an investor.
Top Cons:
Age of Property: Built in 1954, the property is older, which may imply potential for aging systems, deferred maintenance, or a need for future capital expenditures despite being described as 'well maintained'.
Compared to the nearby listings
Price:$1.50M vs avg $1.15M (+$350,500)75%
Size: sqft vs avg 980 sqft50%
Price/sqft:$0 vs avg $24250%
More Insights
Built in 1954 (72 years old).
Condition: The property, built in 1954, is described as 'well maintained' and features a recently updated exterior with newer windows and roof. Unit 17 boasts a modern, recently renovated kitchen and bathroom with contemporary finishes and appliances. Unit 19A also includes a recently updated modern bathroom and some newer kitchen appliances, though its kitchen counters and cabinets are more dated. Unit 19B, however, presents a very dated kitchen and bathroom with older cabinets, counters, and fixtures, indicating a lack of recent renovation in this specific unit. Overall, the property is move-in ready with two of the three units showing significant updates, aligning with the 'Good' condition criteria.
Year Built
1954
Close
-
List price
$1.5M
Original List price
-
Price/Sqft
$0
HOA
$0
Days on market
-
Sold On
-
MLS number
41110960
Home ConditionGood
Features
Good View:
Deck
Patio
View-
About this home
Fantastic, well maintained triplex just north of downtown San Rafael! Great location tucked into a quiet neighborhood just off Lincoln Ave with beautiful views and easy access to the 101 and public transportation. This triplex is comprised of 2 buildings; the front building with 3 garage spaces at street level and unit 17, a 2 bedroom/1 bathroom unit, over the garages and rear building comprised of units 19A, a 4 bedroom/1 bath unit and 19B, a 1 bedroom/1 bathroom unit . Tenants pay all of their own utilities, and all units are currently rented. This building is easy peasy and just a short distance to all things San Rafael.
C
Cara R. Cavanaugh
Listing Agent
Price History
Date
Event
Price
10/01/98
Sold
$382,501
07/28/05
Sold
$998,500
Condition Rating
Good
The property, built in 1954, is described as 'well maintained' and features a recently updated exterior with newer windows and roof. Unit 17 boasts a modern, recently renovated kitchen and bathroom with contemporary finishes and appliances. Unit 19A also includes a recently updated modern bathroom and some newer kitchen appliances, though its kitchen counters and cabinets are more dated. Unit 19B, however, presents a very dated kitchen and bathroom with older cabinets, counters, and fixtures, indicating a lack of recent renovation in this specific unit. Overall, the property is move-in ready with two of the three units showing significant updates, aligning with the 'Good' condition criteria.
Pros & Cons
Pros
Income-Generating Triplex: The property is a well-maintained triplex with all units currently rented, providing immediate and stable rental income for an investor.
Tenant Utility Responsibility: Tenants are responsible for all their own utilities, which significantly reduces landlord operating expenses and simplifies property management.
Prime Location & Accessibility: Located in a quiet neighborhood just north of downtown San Rafael, offering beautiful views and excellent access to Highway 101, public transportation, and local amenities.
Diverse Unit Mix: The property features a varied unit composition (2-bed/1-bath, 4-bed/1-bath, 1-bed/1-bath), including a spacious 4-bedroom unit, appealing to a broad range of potential tenants.
Dedicated Parking: The front building includes 3 garage spaces at street level, providing valuable off-street parking for tenants.
Cons
Age of Property: Built in 1954, the property is older, which may imply potential for aging systems, deferred maintenance, or a need for future capital expenditures despite being described as 'well maintained'.
Limited Bathrooms per Unit: The 4-bedroom unit only has one bathroom, which could be a significant functional limitation for larger households or multiple occupants, potentially impacting tenant appeal or rent ceiling. The 2-bedroom unit also has only one bathroom.
Lack of Modern Upgrades Mentioned: While described as 'well maintained,' the listing does not highlight any recent significant renovations or modern amenities, which might be expected by tenants in the current market and could require future investment to maximize rental potential.