
Sebastopol, CA 95472
This High-Potential Investment Opportunity is a Residential Income Duplex listed at $1,195,000, positioned slightly above the $1,120,854 Fair Market Value. While not a discount play, the property offers significant upside through its .25-acre lot and SB9 lot split potential. With a Fair Condition Rating, the dual-unit layout provides immediate utility for Buy-and-Hold Investors or Owner-Occupants seeking passive income. Its prime, walkable location near downtown Sebastopol amenities ensures strong long-term rental demand, making this a strategic acquisition for those prioritizing development flexibility and generational wealth.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 375 Florence Avenue Subject | $1,195,000* List Price | 6 | 3 | 2,451 | $457 | - |
A 333 West Street Active | $1,100,000 List Price | 0 | 0 | 3,072 | $358 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property consists of two well-maintained but aged residences. The vintage front home features an outdated kitchen with older white appliances and cabinetry, while the rear home was built in 1983 and lacks recent comprehensive renovations. Although move-in ready, the overall style and major components show signs of being outdated, consistent with the fair condition category.
The property features two separate residences on a single parcel, providing an exceptional opportunity for multi-generational living, passive rental income, or a 1031 exchange.
Situated in a charming historic neighborhood, the homes are within easy walking distance to downtown Sebastopol’s amenities, including Ives Pool, local cafes, shopping, and walking trails.
The large quarter-acre lot offers a rare opportunity for a potential lot split through SB9, allowing for future development or the ability to sell the homes separately.
The vintage 950-square-foot front home contains three bedrooms but only one bathroom, which may be seen as a limitation for modern families and impact rental value.
A recent price reduction from $1.4M to $1.299M suggests the property may have faced initial market resistance, potentially requiring a more targeted buyer profile.
Two Homes on one big in town parcel (.25 acre +/-) and around the corner and private from each other live among the charms of an historic and artfully decorated neighborhood just strolling distance to all conveniences; Ives pool, library, coffee houses, shopping & restaurants. movie theatre, walking trails. A rare opportunity with potential for a lot split through SB9. 375 Florence Ave is an adorable vintage 3 bed/1 bath 950 (+/-)sq.ft, home wrapped in a white picket fence and finished with hardwood floors, large windows, a sweet back deck off the kitchen. 7335 Mary's Lane is a single story 3 bed/2bath 1380 (+/-sq.ft) with a freshly painted interior. Built in 1983. 2 car garage. Both homes are intended to be delivered vacant at the close of escrow. This property is ideal for generational living, passive income, 1031 exchange needs, potential lot split option.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 6.0 |
| Baths | 3.0 | 3.0 |
| Square foot | 2,451 | 2,451 |
| Lot Size | 10,851 | 10,851 |
| Price | $0 | $0 |
| Price per sq ft | $0 | $0 |
| Built year | 0 | 0 |
| HOA | $0 | $0 |
| Days on market | 204 | 148 |
May 14, 2026
$1,195,000
$1,299,000
-8% Price Drop
Initial Listing
Mar 7, 2026
$1,299,000
$1,400,000
-7% Price Drop
Initial Listing
Feb 17, 2026
$1,400,000
Initial Listing
Nov 23, 2015
$830,000
Public Record