215 Picnic Avenue, San Rafael, CA 94901, San Rafael, 94901 - 7 bed, 4 bath
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San Rafael, CA 94901
Analysis of 215 Picnic Avenue, San Rafael, CA 94901 is currently available with a list price of $2,000,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the San Rafael Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property is a functional quadruplex that appears well-maintained but is significantly outdated. The kitchens feature older laminate countertops, dated cabinetry, and aging appliances, while the bathrooms and living areas show signs of wear with older carpeting and mid-century finishes. While the structure offers desirable architectural elements like exposed beam ceilings and is currently livable, it has not undergone a major renovation in several decades and requires modernization to meet current market standards.
This 3,200 sq ft quadruplex offers a significant income-generating opportunity in a high-demand rental market, providing a versatile asset for a real estate portfolio.
The property is perched in a desirable San Rafael neighborhood, offering bay views from multiple units and close proximity to vibrant shopping, dining, and outdoor recreation.
Ideally situated for families, the residence is within walking distance to several schools, including Laurel Dell Elementary and Davidson Middle School, both less than 0.2 miles away.
At a $2,000,000 list price, the property requires a substantial initial capital investment, which may limit the pool of qualified buyers or impact immediate cash-on-cash returns.
The listing emphasizes location and views over interior finishes, suggesting that units may require additional capital expenditure for upgrades to achieve premium market rents.
Welcome to 215 Picnic Ave, San Rafael. This expansive fourplexis about 3,200 square feet of living space in 4 units The residence is perched in a prime location that affordsbay views from multiple units and an open spacious feeling for everyone. Thefloor plans allows for easy flow between spaces, making it ideal for entertaining or simply enjoying a quiet evening at home. Natural light streams in through numerous windows, creating a warm and inviting atmosphere throughout. San Rafael is a vibrant community teeming with amenities. Proximity to shopping centers, restaurants, parks, and recreational facilities makes everyday living enjoyable. The city's rich cultural scene includes art galleries, theaters and music venues for your entertainment pleasure. Outdoor enthusiasts will have access to nearby hiking trails and waterways where you can enjoy activities such as boating or fishing. Excellent schools are in walking distance Easily accessible public transportation options provide convenient commute opportunities while proximity to major roadways ensures easy navigation around town or out-of-town trips. This property offers an exceptional opportunity to own a piece of San Rafael real estate that combines comfortable living with great investment potential!
No exterior & parking available.
Grades K-5 • 0.1 mi
Grades K-4 • 1.0 mi
Grades K-5 • 1.1 mi
No sensitive facilities data found.
May 2, 2025
$2,000,000
Initial Listing