33% of homes accept an offer within 2 weeks. Tour it before it's gone!
Tomorrow:
About this home
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.
Single-familyProperty Type
1928Year Built
5,998 sq ftLot Size
$429Price/Sq.Ft.
5 spacesParking
Listed by Aileen Tong•DRE #01884175• Coldwell Banker Realty
Montecito-Happy Valley, located between Dominican University of California and China Camp State Park, is a residential and hillside San Rafael neighborhood with winding lanes and bay-facing open space. Character concentrates along 4th Street at Lincoln Avenue, where sidewalk patios, indie boutiques, and espresso bars set a steady daytime hum. Community touchstones include Marin Country Mart, the Marin Center, and the Smith Rafael Film Center for markets, performances, and repertory screenings. Housing leans to mid-century ranch homes and contemporary rebuilds tucked behind mature trees. Trails and marsh views shape daily routines, with bike routes threading toward the waterfront. The feel stays quiet off the main corridors, with a polished, outdoors-forward rhythm.
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.
BAREIS #326062627
Jun 16, 2026
Listed
$1,399,000
$429/sq ft
Public Records
Jan 15, 1998
Sold
$390,000
$119/sq ft
Public Records
Jul 20, 1989
Sold
$329,000
$101/sq ft
Public Records
Apr 1, 1980
Sold
$67,000
$21/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$12,861 (+3.2%)
$450,000 + $725,000
$1,175,000
2024
$12,457 (+3.4%)
$167,648 + $482,385
$650,033
2023
$12,048 (+4.4%)
$164,361 + $472,928
$637,289
2022
$11,542 (+1.4%)
$161,139 + $463,657
$624,796
2021
$11,387 (+1.0%)
$157,979 + $454,566
$612,545
2020
$11,278 (+6.5%)
$154,882 + $445,653
$600,535
2019
$10,585 (+0.8%)
$153,294 + $441,085
$594,379
2018
$10,501 (+3.0%)
$150,289 + $407,929
$558,218
2017
$10,200 (+3.4%)
$144,454 + $392,091
$536,545
2016
$9,869 (+4.3%)
$144,454 + $392,091
$536,545
2015
$9,458 (+4.9%)
$141,622 + $384,405
$526,027
2014
$9,013 (+1.4%)
$136,763 + $371,215
$507,978
2013
$8,886 (+4.4%)
$136,763 + $371,215
$507,978
2012
$8,508 (+1.3%)
$136,146 + $369,539
$505,685
2011
$8,398 (+1.4%)
$133,477 + $362,294
$495,771
2010
$8,283 (+2.9%)
$130,860 + $355,192
$486,052
2009
$8,053 (+4.7%)
$129,882 + $352,539
$482,421
2008
$7,689
$130,191 + $353,377
$483,568
Public record
Public record
Zoning
Permits
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
6,000 Sq. Ft.
Year renovated
—
Finished Sq. Ft.
3,264
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,264
Year built
1928
Style
Multi-Family (2-4 Unit)
County
Marin County
APN
014-062-15
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2026.
HR1.8
Multifamily Residential Districts - High-Density
The high-density residential districts provide opportunities for high-density multifamily residential development.; High-density multifamily residential districts are included in the high-density residential land use category with densities ranging from 1,000 sq ft to 1,800 sq ft per dwelling unit.
Permitted uses
Include but are not limited to:
Garden center
Housing-Single unit
Housing-Multiple units
Housing-Senior
Educational/school
Recreation
Park & open space
Aug 14, 2019 • Final
Building
Perform a retrofit remodel of a kitchen and bathroom.
Bathroom
Kitchen
Remodel
Aug 5, 2019 • Final
Plumbing
Replace a water heater in the carport area with a similar unit.
Plumbing
Water heater
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
3/10 Heat Factor
7 days above 85° expected this year, 15 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
15 unhealthy days expected this year, 15 days in 30 years
Provided by First Street
Historical weather
San Rafael, CA • 94901
Average low and high temperatures (°F)
59
42
61
45
69
48
67
47
72
50
75
52
76
55
80
55
77
57
74
52
62
47
55
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
80/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in San Rafael. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
8.7 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 31 Valencia Ave
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $1,135,000 and $1,800,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.1M to $1.8M.