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Unique San Rafael Investment
$4,000,000
231-233 Laurel Place, San Rafael
Presented by
The Bonn Webb Team
Mark Bonn and Mirella Webb
The Bonn Webb Team
Mark Bonn and Mirella Webb
About This Property
A unique opportunity to purchase a single family home and 9 rental units in a park like setting only 2 blocks north of downtown San Rafael
Quintessential Marin Living
Tucked just above downtown San Rafael in the Lincoln/San Rafael Hill neighborhood, this 1920s Mediterranean residence offers classic Marin character with modern updates and a separate garden cottage on the lower level.
The main house features 3 bedrooms and 3½ bathrooms, two decks, and a half basement with a new forced-air furnace, water heater, and storage. A newer split-system HVAC provides additional heating and cooling. The roof is foam-over-Spanish-tile with solar panels. A washer and dryer are located in the kitchen.
A two-car garage with a mahogany door, wide driveway, and upper storage area serves the home. The yard is a true San Rafael oasis: fruit trees including fig, lemon, orange, persimmon, and peach, plus a fountain and bricked seating area. Access is possible from both the Laurel Place gate and the Wilkins driveway; the driveway itself is stone.
The lower garden cottage (233A) functions as a one-bedroom in-law or rental unit. It has dual-side access, a large living room, a smaller bedroom, a full bath, and a full kitchen. The cottage is nicely landscaped with accent lighting and automatic sprinklers.
The location is a walker’s paradise—minutes from Fourth Street shops and restaurants, the SMART station/San Rafael Transit Center, the farmers market, and Highway 101. Coleman Elementary, Davidson Middle, and San Rafael High School serve the area.
Laurel Court Apartments @ 231 Laurel Place
A well-maintained 8-unit courtyard building (7 one-bedrooms and 1 studio) built in 1956 and situated on the same parcel as the adjacent Mediterranean home. Units are similar in size, with galley kitchens, dining areas, and generous living rooms and bedrooms. Upper-floor units feature higher beamed ceilings. All units have tub/shower combinations with glass doors, vanity cabinets, and ventilation windows. The owner pays water and hot water.
Flooring varies: two lower units have newer pre-finished hardwood, four have wall-to-wall carpet, and two have refinished parquet. All kitchens have newer stoves, refrigerators, and exhaust fans. Heating is provided by two-sided gas wall heaters with thermostats plus electric wall heaters in the bathrooms. Newer double-pane windows face Mission Avenue (for sound) and are also in the bathrooms. Separate Gas meters and separate electric meters are in the basement utility area.
The shared courtyard includes a koi pond, accent lighting, and a BBQ grill. Automatic sprinklers water the plantings. A laundry room with free washer and dryer also offers extra storage. Six covered parking spaces are on site; additional parking is available on Mission Avenue ($100/month per space, currently included in rent). Security lights on timers cover the parking lot and stairs. The foam roof is approximately 12 years old and has just been resurfaced. Recent city safety inspection passed, and the deck and stairs were separately inspected and approved by a private engineering firm.
The building has enjoyed long tenancies and virtually no vacancy. Month-to-month leases. The smaller scale, courtyard setting, and walkable downtown location are consistently cited by residents as reasons they stay.
Tucked just above downtown San Rafael in the Lincoln/San Rafael Hill neighborhood, this 1920s Mediterranean residence offers classic Marin character with modern updates and a separate garden cottage on the lower level.
The main house features 3 bedrooms and 3½ bathrooms, two decks, and a half basement with a new forced-air furnace, water heater, and storage. A newer split-system HVAC provides additional heating and cooling. The roof is foam-over-Spanish-tile with solar panels. A washer and dryer are located in the kitchen.
A two-car garage with a mahogany door, wide driveway, and upper storage area serves the home. The yard is a true San Rafael oasis: fruit trees including fig, lemon, orange, persimmon, and peach, plus a fountain and bricked seating area. Access is possible from both the Laurel Place gate and the Wilkins driveway; the driveway itself is stone.
The lower garden cottage (233A) functions as a one-bedroom in-law or rental unit. It has dual-side access, a large living room, a smaller bedroom, a full bath, and a full kitchen. The cottage is nicely landscaped with accent lighting and automatic sprinklers.
The location is a walker’s paradise—minutes from Fourth Street shops and restaurants, the SMART station/San Rafael Transit Center, the farmers market, and Highway 101. Coleman Elementary, Davidson Middle, and San Rafael High School serve the area.
Laurel Court Apartments @ 231 Laurel Place
A well-maintained 8-unit courtyard building (7 one-bedrooms and 1 studio) built in 1956 and situated on the same parcel as the adjacent Mediterranean home. Units are similar in size, with galley kitchens, dining areas, and generous living rooms and bedrooms. Upper-floor units feature higher beamed ceilings. All units have tub/shower combinations with glass doors, vanity cabinets, and ventilation windows. The owner pays water and hot water.
Flooring varies: two lower units have newer pre-finished hardwood, four have wall-to-wall carpet, and two have refinished parquet. All kitchens have newer stoves, refrigerators, and exhaust fans. Heating is provided by two-sided gas wall heaters with thermostats plus electric wall heaters in the bathrooms. Newer double-pane windows face Mission Avenue (for sound) and are also in the bathrooms. Separate Gas meters and separate electric meters are in the basement utility area.
The shared courtyard includes a koi pond, accent lighting, and a BBQ grill. Automatic sprinklers water the plantings. A laundry room with free washer and dryer also offers extra storage. Six covered parking spaces are on site; additional parking is available on Mission Avenue ($100/month per space, currently included in rent). Security lights on timers cover the parking lot and stairs. The foam roof is approximately 12 years old and has just been resurfaced. Recent city safety inspection passed, and the deck and stairs were separately inspected and approved by a private engineering firm.
The building has enjoyed long tenancies and virtually no vacancy. Month-to-month leases. The smaller scale, courtyard setting, and walkable downtown location are consistently cited by residents as reasons they stay.
Walk to Downtown, Corner Property with lots of light
Property Details
Bedrooms
12
Bathrooms
12
Square Footage
7,500 sq ft
Neighborhood
DOWNTOWN
Explore the Neighborhood
San Rafael emerges as a captivating city where architectural innovation meets historical depth, embodied most dramatically by the Frank Lloyd Wright-designed Marin Civic Center. Completed in 1962, this futuristic landmark transcends typical municipal architecture, its sci-fi-worthy design serving as a metaphorical and literal beacon of the city's forward-thinking spirit. The downtown area continues this legacy of innovation through active redevelopment efforts, with the Smith Rafael Film Center anchoring a cultural landscape that celebrates artistic diversity and community engagement.
The city's culinary and cultural landscape is as diverse as its architectural heritage. Fourth Street pulses with international flavor, offering a gastronomic journey that spans continents—sushi, Indian, Thai, Italian, Mexican, and Puerto Rican cuisines coexist within blocks, reflecting San Rafael's multicultural character. Thursday afternoon farmers markets animate the street with local produce, live music, and a sense of communal vibrancy that transforms urban space into a dynamic gathering point.
Architecturally, San Rafael offers a remarkable residential tapestry. From the sought-after midcentury Eichler homes of Terra Linda to the Victorian structures surrounding Dominican College and the custom homes of Lucas Valley, the city presents a nuanced residential landscape that provides diversity in both style and price point.
Nestled between Mount Tamalpais and San Pablo Bay, San Rafael represents more than a location—it's a living narrative of California's architectural and cultural evolution, where historical depth meets contemporary innovation.
The city's culinary and cultural landscape is as diverse as its architectural heritage. Fourth Street pulses with international flavor, offering a gastronomic journey that spans continents—sushi, Indian, Thai, Italian, Mexican, and Puerto Rican cuisines coexist within blocks, reflecting San Rafael's multicultural character. Thursday afternoon farmers markets animate the street with local produce, live music, and a sense of communal vibrancy that transforms urban space into a dynamic gathering point.
Architecturally, San Rafael offers a remarkable residential tapestry. From the sought-after midcentury Eichler homes of Terra Linda to the Victorian structures surrounding Dominican College and the custom homes of Lucas Valley, the city presents a nuanced residential landscape that provides diversity in both style and price point.
Nestled between Mount Tamalpais and San Pablo Bay, San Rafael represents more than a location—it's a living narrative of California's architectural and cultural evolution, where historical depth meets contemporary innovation.
Mark Bonn
Mirella Webb
One of San Francisco's Top Apartment Teams
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Mirella Webb
Mark Bonn