Sold: 104 F Street
San Rafael, CA
- Offered at $ 1,300,000
- Sold: $1,300,000 on 09/22/2025
- Active & Sold Listings
Features:
- Excellently maintained three-unit residential income property
- Unit A – $2600/month
– One Bed + Office / One Bath
– 830 sqft per graphic artist
– Remodeled kitchen
– Three walk in closets
– In unit laundry room
– Garage parking and storage – right side - Unit B – $2200/month
– One Bed / One Bath
– 745 sqft per graphic artist
– Remodeled kitchen
– Two walk-in closets
– In unit laundry room
– Driveway parking – left side of property - Unit C – $2000/month
– One Bed / One Bath
– 585 sqft per graphic artist
– On 2nd level above garage
– Garage parking and storage – right side - Detached Additional Garage with Office/Flex Space and Full Bathroom – Vacant
– One Car Garage
– Office/bonus room
– Legal full bathroom
– 305 sqft per graphic artist
– ADU potential, buyer to verify and investigate this possibility with the City of San Rafael - Shared patio/garden outdoor space
- Extra unassigned storage under Unit C behind garage
- Fantastic location in the West End of San Rafael, near the Miracle Mile, Gerstle Park, endless restaurants, shops, public transit, schools and parks
- 4.35% Cap Rate and 15.93 GRM
- Year built: 1868
- Living Square footage: 2160/per graphic artist
- Lot Square Footage: 4,537
Rare West End Investment Gold: 3 Units + Detached Building with/ ADU Potential
Exceptionally maintained three-unit residential income property in San Rafael’s convenient and desirable West End location. Comprised of a duplex style two unit building on the left, an additional 3rd unit on top of the two car garage, plus another detached space in the left rear of the property equipped with a garage, an office/flex space, and a full bathroom.
Unit A features one bedroom plus an office/bonus bedroom, one full bathroom, a remodeled kitchen, generously sized closets, an in-unit laundry room, and 830 total square feet. This unit comes with a designated garage bay ample for parking one car and room for storage. It’s currently rented for $2,600/month.
Unit B on the left side of the property, one bedroom, a remodeled kitchen, two walk-in closets, in-unit laundry, and driveway parking. It’s leased at $2,200/month.
Unit C sits above the two car garage at approximately 585 sq ft, featuring one bedroom, one bath, one designated garage bay ample for parking one car and for storage. Currently rented for $2,000/month.
Detached Additional Garage Plus Office/Flex Space and Full Bathroom Tucked at the rear left side of the property, this detached structure is a true bonus—305 sq ft with a one-car garage, office/bonus room, and legal full bathroom. It’s an ideal creative space, office, guest suite, or potential ADU/JADU (buyer to verify with the City of San Rafael the future possibilities of use). This space is currently vacant and empty!
Outside, a shared patio and garden offer a leafy retreat, and there’s additional unassigned storage beneath Unit C as well!
Financially, the building is equally appealing with a current cap rate of 4.35% and a GRM of 15.93. The unit mix and strong rental history make this a reliable performer with upside potential. With approximately 2,160 sqft of living space on a 4,537 sqft lot, this property offers an excellent income stream today with room for future growth. Whether you’re seeking a well-located investment, a partially owner-occupied opportunity, or a chance to own a piece of San Rafael history, this West End delivers charm, convenience, long-term value, and immediate cash-flow.
Let’s get on to the fun stuff… The location’s proximity to everything is really what makes it shine—one block to neighborhood favorites like Johnny’s Doughnuts, The Mayflower Pub, Sabor A Mexico, The Kitchen Table, Pond Farm Brewing Company, and Shiro Kuma Sushi. In summer, the Thursday Farmers Market on 4th Street is just a short stroll away, and transit couldn’t be easier with both the SMART Train and Marin Transit nearby. It would be an endless list to name off every fantastic salon or shop nearby, but I will name off my personal favorites which include long time Marin local and small business Nails by Kim, as well as Bananas at Large, we cannot forget the San Rafael Public Library, and The Marin Museum of Contemporary Art. Also worth noting is this location falls in the boundary of the very desirable Sun Valley Elementary School District, the highest rated public elementary school in San Rafael. And, while we are on the topic of schools, the prestigious Marin Academy private high school is only about two blocks away.
Pro Forma available by clicking the Download Disclosures button above. The Disclosure Package is available upon request.
