New roofLarge garage for storageInviting front porchesVibrant exterior finishes
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.
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Zillow last checked:
Listing updated:
Listed by:
Sage Goncharoff02023630831-440-7831,
eXp Realty of California Inc888-584-9427
Source: MLSListings Inc,MLS#: ML82055141
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 6
Heating
Central Forced Air, Gas, Wall Furnace
Cooling
None
Appliances
Included: Washer/Dryer Some Units
Features
Flooring: Laminate, Tile, Vinyl Linoleum
Doors: None
Interior area
Total structure area: 4,178
Total interior livable area: 4,178 sqft
Property
Parking
Total spaces: 10
Parking features: Off Street
Has carport: Yes
Accessibility
Accessibility features: None
Lot
Size: 0.71 Acres
Features: Mostly Level
Details
Parcel number: 07808312000
Zoning: R-1-15
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Cabin,Cottage,Rustic
Property subtype: Five Or More Units, Residential Income
Materials
Foundation: Concrete Perimeter, Pillar/Post/Pier
Roof: Shingle
Condition
Year built: 1950
Utilities & green energy
Gas: IndividualGasMeters, PublicUtilities
Water: Public
Utilities for property: Public Utilities, Water Public
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
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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