329-339 Olema Road

Fairfax, CA 94930

$2,250,000
Price
Beds
Baths
8,568 Sq. Ft.
$263 / Sq. Ft.
8,568
Sq. Ft.
$263
per Sq. Ft.

Description

An incredible Marin County investment opportunity in the unincorporated section west of Fairfax. The property is located on .78 acres (33,927 sf) of land and features three spacious side-by-side duplexes with 3BR/1.5 BA townhouse units. Each apartment is 1,428sf. They are thoughtfully designed for modern living. The property's open layout gives each building a sense of privacy and lends itself to future development, such as ADUs. Three separate parcels; however, necessary easements for driveway,...An incredible Marin County investment opportunity in the unincorporated section west of Fairfax. The property is located on .78 acres (33,927 sf) of land and features three spacious side-by-side duplexes with 3BR/1.5 BA townhouse units. Each apartment is 1,428sf. They are thoughtfully designed for modern living. The property's open layout gives each building a sense of privacy and lends itself to future development, such as ADUs. Three separate parcels; however, necessary easements for driveway, parking, utilities, etc between the properties still need to be created and recorded. Buyer to confirm with the County. As Duplexes with 3 BRs are rare, the rental income for this property is generous, with units previously rented in the $4500 range. Overall, the property seems to be in good condition, however, a neighboring property caused a mudslide above the middle upper duplex. These two units remain empty and still need substantial repairs, as well as the hillside directly above. Three duplexes priced at $916,000 each with one discounted $500,000 for repairs needed. Properties being sold as a package for $2,250,000 AS IS. Experience the charm of Fairfax, known for its vibrant community, outdoor activities, and artistic spirit.
  1. Listed by Michael J Burke • DRE #00454938 • Brokerage DRE #02027353 • Golden Gate Sotheby's International Realty
  2. Listed by Pamela Burke • DRE #02156257 • Brokerage DRE #02027353 • Golden Gate Sotheby's International Realty

Property Details for 329-339 Olema Road

Architectural Style
Contemporary
View Description
Greenbelt
Cross Street
Sir Francis Drake
Total Parking Spaces
9
LISTING UPDATED: 02/25/2025 03:05 PM

Property Details for 329-339 Olema Road

StatusContingent - Show
MLS #324085978
Days on Compass118
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1964
Lot Size0.78 AC / 33,928 SF
CountyMarin County

Building Information for 329-339 Olema Road

Stories-Residences-Year Built1964Building Size-Lot Size0.78 AC / 33,928 SF

Property Information for 329-339 Olema Road

Summary
Location and General Information
  • Area/District: Fairfax
  • Area Short Display: A0500
  • Directions to Property: Sir Francis Drake past downtown Fairfax. Left on Olema Road to property.
  • Area Long Display: Fairfax
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 174-051-30
Parking
  • Parking Features: Off Street, Uncovered
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Open Parking Spaces: 9
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 8568.0
  • Square Footage Source: Assessor Agent-Fill
  • Year Built Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Agent-Fill
  • Lot Size Square Feet: 33927.0
  • Lot Features: Secluded
  • Property Condition: Fixer,Varies by Unit
Property and Assessments
  • Picture Count: 17
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
  • Construction Materials: Wood
  • Actual or Scheduled: Scheduled
  • Gross Rent Multiplier: 9.89
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
  • Separate Meters: Electricity, Gas
Interior and Exterior Features
Exterior Features
  • Foundation: Concrete Perimeter
  • Levels: Two
  • Patio And Porch Features: Enclosed Patio
  • Roof: Composition
  • # of Floors: 0
Interior Features
  • Heating: Central
  • Cooling: None
  • Laundry Features: In Each Unit
  • # of Guest Space(s): 0
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Rent Range: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Rent Range: 0
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 6
  • 3 Bedroom Rent Range: $3100 - $4523
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 2
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $278,400.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 3
  • # Of Units Total: 6
  • # of Studio Units: 0
  • # Studios Occupied: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Description: All units 3BR/1.5BA of 1,428 sf
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 7
  • Unit 1 Approx SqFt: 1428
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Description: .
  • Unit 2 Full Baths: 0
  • Unit 2 # of Rooms: 7
  • Unit 2 Approx SqFt: 1428
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 0
  • Unit 3 Approx SqFt: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 0
  • Unit 4 Approx SqFt: 0

Property History for 329-339 Olema Road

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 329-339 Olema Road

This home is within Tamalpais Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Manor Elementary School
PublicK to 5

White Hill Middle School
Public6 to 8

Archie Williams High School
Public9 to 12

Tamiscal High (Alternative) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Golden Gate Sotheby's International Realty, Michael J Burke, DRE #00454938; Golden Gate Sotheby's International Realty, Pamela Burke, DRE #02156257

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.