31 Valencia Avenue, San Rafael, CA 94901, San Rafael, 94901 - 0 bed, 0 bath
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San Rafael, CA 94901
This Triplex Residential Income Asset is a Strong Value Opportunity, listed at $1,499,000—positioned well below the $1,499,804 Fair Market Value by 0.05%. Featuring a Condition Rating of 3, the property offers a stable, move-in ready environment with updated kitchens and hardwood floors. The expansive hillside views from the rear deck enhance tenant appeal, while the triplex configuration provides immediate rental income. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-producing property in a prime San Rafael location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 31 Valencia Avenue Subject | $1,499,000* List Price | 0 | 0 | 3,264 | $479 | - |
A 17 Prospect Dr Active | $1,498,000 List Price | 0 | 0 | 3,256 | $460 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1928, the property has undergone significant updates that appear to be in the 10-15 year range. Kitchens feature stone countertops and functional white appliances, and the hardwood floors are well-maintained. The overall condition is move-in ready and reflects consistent maintenance rather than the deferred maintenance typically found in 'Fair' or 'Poor' properties of this age.
Configured as a triplex with three distinct units (3BR, 2BR, and 1BR), this property offers exceptional versatility for investors or owner-occupants seeking significant rental income in a desirable San Rafael location.
Built in 1928, the home retains its classic architectural character and hardwood floors while featuring updated kitchens and well-maintained systems, blending vintage appeal with contemporary comfort.
The property includes a spacious outdoor deck offering impressive views, providing a premium amenity for residents and enhancing the overall marketability and value of the units.
The property is currently fully tenant-occupied, which may present logistical challenges for immediate owner-occupancy or comprehensive renovations, and marketing photos do not reflect the current interior presentation.
Each unit, including the larger three-bedroom and two-bedroom configurations, features only a single bathroom, which may be a drawback for modern families or limit the potential for premium rental rates.
Beautifully maintained 1928 property, where classic architectural details and warm hardwood floors blend seamlessly with thoughtful modern updates. Rich in character, the home showcases the craftsmanship and charm of a bygone era while offering today's comforts and conveniences. Currently configured with three income-producing units, this versatile property presents an exceptional opportunity for investors, owner-occupants, or multi-generational living. Each unit has been well cared for and features updated kitchens, creating an attractive and functional living environment for residents. The outdoor deck with an amazing view is an inviting space for relaxing, entertaining, or enjoying morning coffee, while the property's excellent condition reflects years of attentive maintenance. Whether you're seeking a strong investment, supplemental rental income, or a unique property with flexibility and historic charm, this rare offering delivers the best of both worlds. This property, currently tenant-occupied, has a 3-bedroom, 1-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit. In addition, it has a spacious basement for storage, a separate laundry room, and 5 parking spaces. Close to shopping, schools, and public transportation. Well-maintained and currently occupied. Photos do not reflect tenants' belongings.
No exterior & parking available.
No sensitive facilities data found.
Jun 16, 2026
$1,499,000
Initial Listing
Jan 15, 1998
$390,000
Public Record