
San Rafael, CA 94901
This property presents a High-Potential Investment Opportunity with a List Price of $1,249,000—positioned well above the $1,191,582 Fair Market Value by -4%. Featuring a Fair Condition Rating (6/10), the 1937 structure requires significant modernization, yet the 8,882 sq. ft. flat lot offers exceptional potential for expansion or redevelopment in the Sun Valley neighborhood. This asset is a strategic acquisition for Contractors and Investors focused on long-term value-add projects through renovation or new construction.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1920 5th Avenue Subject 4 bd · 2 ba · 1,589 sqft · $684 | $1,100,000* List Price | 4 | 2 | 1,589 | $684 | - |
A 823 Mission Avenue Active 5 bd · 4 ba · 2,000 sqft · $688 · 0.9 mi | $1,375,000 List Price | 5 | 4 | 2,000 | $688 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is land value only, full reconstruction required.
Property was built in 1937 (>50 years old) and has been owned by the same family for over 60 years with no mentioned renovations. The listing heavily emphasizes the land value, flat lot, and targets contractors or builders for a 'new vision' or renovation, indicating it is at the end of its useful life.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8882, living area = 1589.
The property features a rare, approximately 8,886 sq. ft. level lot, providing exceptional space for expansion, ADU potential, or a complete rebuild in a region where flat land is highly coveted.
Situated in the desirable Sun Valley neighborhood, the home offers excellent proximity to top-rated elementary schools, local parks, and the vibrant shopping and dining of Downtown San Rafael.
Marketed specifically to contractors and builders, the 1937 structure likely requires a comprehensive and costly overhaul to meet modern living standards and building codes.
Given the 60-year tenure of the previous owners, the home's core systems—such as plumbing, electrical, and HVAC—are likely aged and will necessitate significant capital expenditure for modernization.
Currently Single Family, property is zoned as 2 units! Calling all contractors, builders, investors and end users! Built in 1937 and cherished by the same family for more than 60 years, 1920 5th Avenue is ready for its next chapter. Set on an approximately 8,886 sq. ft. flat lot, this property offers a rare opportunity in an established Sun Valley neighborhood. The existing home features approximately 1,589 sq. ft., with 4 bedrooms and 2 bathrooms, and provides a starting point for renovation, expansion or a new vision, subject to applicable approvals. The generous, level lot is the standout feature, offering space and flexibility for those looking to create something of their own. Whether renovating the existing home or exploring future possibilities, this property offers a compelling combination of land, location and potential. Enjoy the convenience of being near a highly regarded elementary school, neighborhood parks and the vibrant heart of Downtown San Rafael, with its variety of shopping, restaurants, cafes and everyday amenities. Transportation and commuter routes are also easily accessible. 1920 5th Avenue presents an opportunity to bring a new vision to a property that has been part of the community for generations.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.4 |
| Baths | 2.0 | 2.4 |
| Square foot | 1,589 | 1,989.93 |
| Lot Size | 8,882 | 8,672.456 |
| Price | $1.10M | $1.70M |
| Price per sq ft | $692 | $841 |
| Built year | 1937 | 1959 |
| HOA | $0 | $303 |
| Days on market | 33 | 35 |
Oct 16, 2026
$1,100,000
$1,249,000
-12% Price Drop
Initial Listing
Sep 21, 2026
$1,249,000
Initial Listing