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2 Willow Ave 2 Unit Apartment Building $1,195,000 ($597,500/Unit) 5.80% Cap Rate Fairfax, CA 94930
Executive Summary
Welcome to 2 Willow, a valuable mix of potential opportunities. Iconic 1916 structure, this updated duplex is earning a healthy ROI, it could also return to single family living, or utilize the commercial(CH) zoning for all sorts of future opportunities. Double pane windows throughout, the spectacular proximity is balanced by quiet and peaceful living. The lower level provides convenient living with easy parking, patio space, 3 bedrooms, luxurious bath and spacious kitchen. New 3/4in Bamboo edge grain wood flooring and beautiful tile work bathroom provide the shine that occupants will appreciate. The upper level takes in the urban-to-hill views and brightness that makes this location so special. The redwood forest backdrop in the living room, the hardwood floors and the high ceilings provide a wonderful combination of city Edwardian and contemporary luxury. Newer kitchen appliances, cabinets and counter, picturesque eating area, separate laundry, dining room with views, new windows, 3 bedrooms and closet/office space with natural light. Storage, rear yard, 5 off-street parking spots.
Property Facts
| Price | $1,195,000 | Building Class | C |
| Price Per Unit | $597,500 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 2,200 SF |
| Cap Rate | 5.80% | Average Occupancy | 97% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1916 |
| Property Subtype | Apartment | Parking Ratio | 0.91/1,000 SF |
| Zoning | CH, Fairfax - commercial(CH) zoning | ||
| Price | $1,195,000 |
| Price Per Unit | $597,500 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 2,200 SF |
| Average Occupancy | 97% |
| No. Stories | 2 |
| Year Built | 1916 |
| Parking Ratio | 0.91/1,000 SF |
| Zoning | CH, Fairfax - commercial(CH) zoning |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+1 | 2 | - | 1,100 |
1 1
Walk Score®
Very Walkable (86)
Bike Score®
Very Bikeable (81)
Property Taxes
| Parcel Number | 001-235-08 | Improvements Assessment | $514,998 |
| Land Assessment | $520,200 | Total Assessment | $1,035,198 |
Property Taxes
Parcel Number
001-235-08
Land Assessment
$520,200
Improvements Assessment
$514,998
Total Assessment
$1,035,198
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