Beautifully maintained 1928 property, where classic architectural details and warm hardwood floors blend seamlessly with thoughtful modern updates. Rich in character, the home showcases the craftsmanship and charm of a bygone era while offering today's comforts and conveniences. Currently configured with three income-producing units, this versatile property presents an exceptional opportunity for investors, owner-occupants, or multi-generational living. Each unit has been well cared for and features updated kitchens, creating an attractive and functional living environment for residents. The outdoor deck with an amazing view is an inviting space for relaxing, entertaining, or enjoying morning coffee, while the property's excellent condition reflects years of attentive maintenance. Whether you're seeking a strong investment, supplemental rental income, or a unique property with flexibility and historic charm, this rare offering delivers the best of both worlds. This property, currently tenant-occupied, has a 3-bedroom, 1-bath unit, a 2-bedroom, 1-bath unit, and a 1-bedroom, 1-bath unit. In addition, it has a spacious basement for storage, a separate laundry room, and 5 parking spaces. Close to shopping, schools, and public transportation. Well-maintained and currently occupied. Photos do not reflect tenants' belongings.
Active
$1,499,000
31 Valencia Avenue, San Rafael, CA 94901
6beds
2,575sqft
Triplex
Built in 1928
-- sqft lot
$-- Zestimate®
$582/sqft
$-- HOA
What's special
Spacious basement for storageRich in characterThoughtful modern updatesClassic architectural detailsUpdated kitchensWarm hardwood floorsSeparate laundry room
- 8 days |
- 825 |
- 36 |
Zillow last checked:
Listing updated:
Listed by:
Aileen Tong DRE #01884175 415-925-3208,
Coldwell Banker Realty 415-461-3000
Source: BAREIS,MLS#: 326050740
Originating MLS: Marin County
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Heating
- See Remarks
Cooling
- None
Appliances
- Laundry: Coin Operated, Common Area
Features
- Unit 1 - Beds: 1, Baths: 1, Square Footage: 1500 | Unit 2 - Beds: 2, Baths: 1, Square Footage: 1075 | Unit 3 - Beds: 3, Baths: 1, Square Footage: 3264 | Unit 4 - Beds: 0, Baths: 0, Square Footage: 3264 | Interior Features: Storage Area(s)
- Flooring: Tile, Wood
Interior area
- Total structure area: 2,575
- Total interior livable area: 2,575 sqft
Property
Parking
- Total spaces: 5
- Parking features: Side By Side
Features
- Levels: Three Or More
Lot
- Size: 5,998 Square Feet
- Features: None
Details
- Parcel number: 01406215
- Special conditions: Probate Listing
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Roof: Composition
Condition
- Year built: 1928
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: San Rafael
Financial & listing details
- Price per square foot: $582/sqft
- Tax assessed value: $650,033
- Annual tax amount: $12,861
- Date on market: 6/16/2026
- Tenant pays: Cable TV, Electricity, Gas
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/16/2026 | Listed for sale | $1,499,000+284.4%$582/sqft |
Source: | ||
| 1/15/1998 | Sold | $390,000$151/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $12,861 +3.2% | $650,033 +2% |
| 2024 | $12,457 +3.4% | $637,289 +2% |
| 2023 | $12,048 +4.4% | $624,796 +2% |
| 2022 | $11,542 +1.4% | $612,545 +2% |
| 2021 | $11,387 +1% | $600,535 +1% |
| 2020 | $11,278 +6.5% | $594,379 +6.5% |
| 2019 | $10,585 +0.8% | $558,218 +2% |
| 2018 | $10,501 +3% | $547,274 +2% |
| 2017 | $10,200 +3.4% | $536,545 +2% |
| 2016 | $9,869 +4.3% | $526,027 +1.5% |
| 2015 | $9,459 +4.9% | $518,126 +2% |
| 2014 | $9,014 | $507,978 +0.5% |
| 2013 | -- | $505,685 +2% |
| 2012 | -- | $495,771 +2% |
| 2011 | -- | $486,052 +0.8% |
| 2010 | -- | $482,421 -0.2% |
| 2009 | -- | $483,568 +2% |
| 2008 | -- | $474,087 +2% |
| 2007 | -- | $464,793 +2% |
| 2006 | -- | $455,683 +2% |
| 2005 | -- | $446,748 +2% |
| 2004 | -- | $437,989 +1.9% |
| 2003 | -- | $429,962 +2% |
| 2002 | -- | $421,535 +2% |
| 2001 | -- | $413,270 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: Montecito/Happy Valley
Nearby schools
GreatSchools rating
- 7/10Coleman Elementary SchoolGrades: K-5Distance: 0.5 mi
- 6/10James B. Davidson Middle SchoolGrades: 6-8Distance: 0.9 mi
- 6/10San Rafael High SchoolGrades: 9-12Distance: 0.2 mi
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- California
- Marin County
- San Rafael
- 94901
- Montecito/Happy Valley
- 31 Valencia Avenue






