List Price: $2.4M

Listing Status: Active

Original List Price: $2.5M

Days on Market: 72

0 Bedrooms · 0 Bathrooms

Property Type: CommercialSale

Year Built: 1950

Lot Size: 30,884 sq ft

Annual Property Tax: $14,262

MLS Number: ML82055141

About This Property

Nestled among the towering redwoods of the San Lorenzo Valley, this rare 8-unit multifamily property boasts excellent rental history with low vacancy, appealing to long-term tenants, and offers the fundamentals a thoughtful investor looks for: high occupancy, high income potential, and a desirable location for easy access to highways and public transportation. Versatility of units makes this great for buyers searching for solid investment return: live in one, rent the others, or a community compound. Property has been well-maintained by the current owner. Set on a bright and sunny flat lot with one new roof, repairs, and painting completed in 2026. The property features a mix of 1- and 2-bed cottages, two 2-bed apartments, 3 studio apartments, and a 3-bed/2-bath house, with inviting front porches, vibrant exterior finishes, and a peaceful, community-oriented layout that tenants love, with the opportunity to create a large raised-bed garden. Additional highlights include on-site parking for all units and a large garage for storage and extra income potential. With the flexible unit mix and upside potential, this is an exceptional opportunity for investors seeking immediate cash flow and long-term appreciation in one of the most desirable and supply-constrained rental markets in CA.

Listing provided by: Sage Goncharoff DRE #02023630 (650) 967-8700 sageg@actionproperties.com, Action Properties Inc

Source: CRMLS, MLS #: ML82055141