PROPERTY DESCRIPTION

Two homes on one lot that are split-able under California SB 9 presents a unique opportunity for prospective owners and investors looking to capitalize on recent legislative changes aimed at expanding housing options. Both homes are currently rented at below market rates with tenants paying all utilities, maximizing returns for a new owner. SB9 permits property owners to subdivide their lots to create two separate parcels, each capable of accommodating a residential unit. This allows for the development of duplexes or two separate single family homes. Combining practicality with financial foresight, offering a pathway to both immediate benefits and future growth in the dynamic real estate market. City of San Rafael has already issued an address and power for the detached 2 car garage, further adding value to a new owner from day one. A new owner would be able to add an ADU right away prior to splitting the lot. Downtown San Rafael is a vibrant and eclectic hub nestled in the heart of Marin County, offering a unique blend of historical charm and modern amenities. Lined with tree shaded streets and historic buildings, the downtown area exudes a welcoming atmosphere that invites both residents and visitors to explore its diverse offerings