92 Elizabeth Way, San Rafael, CA 94901, San Rafael, 94901 - bed, bath
ACTIVE$2,100,000$9,999/sqft
92 Elizabeth Way, San Rafael, CA 94901
0Bed
0Bath
9,999Sqft
18,990Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Great Schools: Elementary School: Dixie Elementary School (9/10).
Top Cons:
Limited Owner-Occupancy Flexibility: With all units occupied by long-term tenants, an owner-occupant looking to reside in one of the units may face significant challenges or delays in gaining possession.
Compared to the nearby listings
Price:$2.10M vs avg $1.40M (+$700,500)85%
Size:9,999 sqft vs avg 2,091 sqft99%
Price/sqft:$210 vs avg $73911%
More Insights
Condition: The property appears well-maintained externally and in general living areas with some updated laminate flooring. However, the kitchens are significantly outdated with older appliances, laminate countertops, and dated tile flooring. The visible bathroom vanity has a granite top, but the overall style suggests an older renovation (15-20 years ago). The presence of a window AC unit indicates a lack of central cooling. While functional and described as 'beautifully maintained,' the property requires substantial updates to kitchens and potentially HVAC to meet current quality and style standards, aligning with an aged but maintained property showing signs of being outdated.
Year Built
Close
-
List price
$2.1M
Original List price
-
Price/Sqft
$210
HOA
$0
Days on market
-
Sold On
-
MLS number
326000817
Home ConditionFair
Features
Good View:
Deck
Patio
View-
About this home
Location, location, location! 92, 94, and 96 Elizabeth Way is beautifully maintained triplex located in the serene Fair Hills Manor subdivision offering a unique blend of comfort and convenience. Each unit is tenant occupied with long term renters which each unit featuring spacious and private living areas. The property is conveniently located near Sun Valley Elementary school, Sun Valley park, and a short drive to Downtown San Rafael. This is a perfect investment opportunity for anyone seeking ownership in a highly coveted neighborhood in San Rafael.
S
Sarah Jainchill
Listing Agent
Nearby schools
8/10
Sun Valley Elementary School
Public,•K-5•0.6mi
7/10
Vallecito Elementary School
Public,•K-5•1.6mi
9/10
Dixie Elementary School
Public,•K-5•3.6mi
7/10
Mary E. Silveira Elementary School
Public,•K-5•3.7mi
5/10
James B. Davidson Middle School
Public,•6-8•1.5mi
6/10
Miller Creek Middle School
Public,•6-8•3.2mi
6/10
Terra Linda High School
Public,•9-12•1.2mi
5/10
San Rafael High School
Public,•9-12•1.7mi
Condition Rating
Fair
The property appears well-maintained externally and in general living areas with some updated laminate flooring. However, the kitchens are significantly outdated with older appliances, laminate countertops, and dated tile flooring. The visible bathroom vanity has a granite top, but the overall style suggests an older renovation (15-20 years ago). The presence of a window AC unit indicates a lack of central cooling. While functional and described as 'beautifully maintained,' the property requires substantial updates to kitchens and potentially HVAC to meet current quality and style standards, aligning with an aged but maintained property showing signs of being outdated.
Pros & Cons
Pros
Great Schools: Elementary School: Dixie Elementary School (9/10).
Prime Investment Opportunity: This property is explicitly highlighted as a 'perfect investment opportunity' due to its nature as a triplex with existing long-term tenants, ensuring immediate and stable rental income.
Highly Desirable Location: Situated in the 'serene Fair Hills Manor subdivision,' a 'highly coveted neighborhood in San Rafael,' offering both comfort and convenience, which enhances its long-term value and tenant appeal.
Immediate & Stable Rental Income: All three units are currently tenant-occupied with long-term renters, providing a consistent and reliable income stream from day one for an investor.
Well-Maintained Property: The triplex is described as 'beautifully maintained,' suggesting good upkeep and potentially reducing immediate capital expenditures for a new owner.
Convenient Access to Amenities: The property boasts excellent proximity to Sun Valley Elementary School (rated 8), Sun Valley Park, and is a short drive to Downtown San Rafael, making it attractive to families and enhancing tenant retention.
Cons
Limited Owner-Occupancy Flexibility: With all units occupied by long-term tenants, an owner-occupant looking to reside in one of the units may face significant challenges or delays in gaining possession.
Lack of Detailed Unit Information: The description provides general information about 'spacious and private living areas' but lacks specific details on individual unit layouts, bedroom/bathroom counts, or interior conditions, which could hinder a comprehensive buyer assessment.
Inconsistent Property Type Data: There is a discrepancy in the provided data, with the `sub_type` listed as 'Single Family Residence' while the description clearly states it is a 'triplex,' which may require clarification during due diligence.