2016 4th Street, San Rafael, CA 94901, San Rafael, 94901 - 2 bed, 1 bath
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San Rafael, CA 94901
This Value-Add Multi-Use Bungalow represents a strategic acquisition in San Rafael, listed at $695,000, which reflects a stable valuation relative to its $670,312 Fair Market Value. Featuring a Condition Rating of 4, the property requires modernization but offers significant ROI potential through its Multi-Use Zoning and a Detached Finished Studio previously used as a creative space. The south-facing lot and spacious patio provide excellent utility, while the flexible zoning allows for diverse residential or commercial applications. This asset is a prime choice for Buy-and-Hold Investors or Owner-Occupants seeking a project to build long-term equity.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2016 4th Street Subject | $695,000* List Price | 2 | 1 | 1,231 | $545 | - |
A 11 San Rafael Avenue Active | $699,000 List Price | 4 | 2 | 1,369 | $511 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1924 and held by the same family since the 1940s, this property is described as 'lovingly cared for' but explicitly requires modernization to meet contemporary standards. While the exterior and yard appear well-maintained, the interior photos are virtually staged, likely masking dated flooring and finishes. The single-bathroom layout and the need for 'thoughtful updates' in the kitchen and living areas align with a 'fair' condition rating, indicating an aged but functional home that has not undergone a major recent renovation.
The property's multi-use zoning provides rare versatility, allowing for residential living, home-based businesses, or potential commercial applications in a prime San Rafael location.
A finished detached garage offers valuable bonus square footage, ideal for a professional home office, creative studio, or hobby space separate from the main residence.
The south-facing lot ensures the home and its large garden plot receive abundant natural light all day, creating a bright interior and a productive environment for gardening.
Built in 1924 and held by the same family for decades, the home requires thoughtful updates and cosmetic renovations to meet contemporary standards and maximize its value.
The 2-bedroom, 1-bathroom configuration may be a constraint for modern families or buyers seeking a primary suite, potentially limiting the buyer pool.
This light-filled, charming bungalow has been lovingly cared for by the same family since the 1940s! The sunny, south-facing lot enjoys natural light all day and features a spacious patio and a large garden plot ready for planting - perfect for relaxing, entertaining, or growing your own vegetables. Inside, you'll find a generous living room with a gas-burning fireplace, a large kitchen, and an unbeatable floor plan. Zoned multi-use, the property offers added flexibility and potential. The detached garage, finished on the interior and previously used as a sewing studio, provides excellent space for hobbies, creative work, or storage. Warm and welcoming as it is, this home also offers the opportunity to make it truly spectacular with a few thoughtful updates. Buyer to verify all uses and permits.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 11% |
| Baths | 1.0 | 3.0 | 11% |
| Square foot | 1,231 | 2,002 | 11% |
| Lot Size | 3,851 | 8,324 | 6% |
| Price | $695.0K | $1.36M | 18% |
| Price per sq ft | $565 | $662 | 32% |
| Built year | 1924 | 1955 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 33 | 203 | 2% |
Mar 20, 2026
$695,000
Initial Listing