38 Bret Avenue, San Rafael, CA 94901, San Rafael, 94901 - 0 bed, 0 bath
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38 Bret Avenue
San Rafael, CA 94901
ACTIVE
CONDITION: GOOD
0Beds
0Baths
2,244Sq Ft
6,499Lot Size
Property Price
LIST PRICE$999,000
EST. MARKET VALUE
$1,068,322
6% BelowMARKET VALUE
SUMMARY
This Duplex Residential Income property represents a Strong Value Opportunity, listed at $1,049,000—positioned well below the $1,083,048 Fair Market Value by 3%. This valuation gap offers $34,048 in Instant Equity. Featuring a Condition Rating of 3, the property includes a detached ADU and a private deck and patio. Located near Laurel Dell Elementary and Davidson Middle School, it is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a versatile, income-generating asset in a high-demand area.
Estimated Market Value
$1,068,322+$69,322 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in San Rafael.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 38 Bret Avenue Subject | $999,000* List Price | 0 | 0 | 2,244 | $476 | - |
A 46 Martens Boulevard Sold | $1,085,000 | 0 | 0 | 2,218 | $489 | 0.7 mi |
B 20 Taylor Street Active | $1,200,000 List Price | 4 | 2 | 2,424 | $495 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Despite the 1948 build date, the property is well-maintained and move-in ready. The kitchen features updated stainless steel appliances and white cabinetry, and the interior shows a mix of original hardwood and newer flooring. The presence of a functional, detached ADU and the overall clean condition of the systems and exterior suggest a renovation/refresh within the 5-15 year range.
PROSSTRENGTHS & OPPORTUNITIES
- Income Generation Potential
The rare two-homes-on-one-lot configuration allows owners to live in one unit while renting the other, providing a significant hedge against mortgage costs in a high-demand market.
- Versatile Living Arrangements
The detached ADU with its own kitchen and bath offers exceptional flexibility for multi-generational families, a private home office, or a dedicated guest suite with complete privacy.
- Excellent School Proximity
The property is ideally located within walking distance to several local schools, including Laurel Dell Elementary and Davidson Middle School, significantly enhancing its appeal to families.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
Originally constructed in 1948, the property may require capital improvements or updates to its core systems to align with modern efficiency and aesthetic standards.
- High Density on Lot
With two full residences situated on a 6,499 square foot lot, private outdoor space and yard utility may be constrained compared to traditional single-family homes in the area.
About 38 Bret Avenue
Rare opportunity to own two homes on one lot in a convenient and versatile setting. The main residence features 3 bedrooms and 2 full bathrooms with comfortable living spaces, while the detached ADU offers its own kitchen and bathroom, ideal for guests, extended family, rental income, or a private home office setup. Whether you're looking for multi-generational living, an investment opportunity, or added flexibility, 38 Bret Avenue offers a unique layout with endless potential. Enjoy the ability to live in one home and rent the other, host long-term guests with ease, or create the perfect work-from-home retreat. A special property with options that are hard to find.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1948
- Lot Size
- 6,499 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Rafael Unified Schools
Laurel Dell Elementary School
Grades K-5 • 0.4 mi
7/10
Coleman Elementary School
Grades K-5 • 1.1 mi
5/10
James B. Davidson Middle School
Grades 6-8 • 0.5 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,244 | 3,240 |
| Lot Size | 6,499 | 4,299 |
| Price | $999.0K | $1.30M |
| Price per sq ft | $445 | $401 |
| Built year | 1948 | 1922 |
| HOA | $0 | $0 |
| Days on market | 42 | 83 |
Pricing History
Listed for Sale
Sep 4, 2026
$999,000
$1,049,000
-5% Price Drop
Initial Listing
Price Change
Jul 29, 2026
$1,049,000
Initial Listing
Sold
Mar 13, 2000
$130,000
Public Record