1203 San Anselmo Avenue, San Anselmo, CA 94960, San Anselmo, 94960 - 0 bed, 0 bath
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San Anselmo, CA 94960
This triplex presents a High-Potential Investment Opportunity with a List Price of $1,195,000—positioned above the $1,123,251 Fair Market Value. While the property requires cosmetic updates given its Fair Condition Rating, the vacant unit provides immediate flexibility for owner-occupancy or market-rate leasing. Featuring dedicated carport parking and shared laundry, this asset offers stable rental demand in a prime location. This is a compelling acquisition for Buy-and-Hold Investors or Owner-Occupants looking to leverage a multi-unit property in a sought-after Marin County community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1203 San Anselmo Avenue Subject | $1,195,000* List Price | 0 | 0 | 2,486 | $452 | - |
A 711 San Anselmo Avenue Active | $995,000 List Price | 0 | 0 | 2,264 | $439 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, the property is over 45 years old with no evidence of recent major renovations. Interior photos show dated finishes, including older carpeting and a bathroom with original-style laminate countertops, basic cabinetry, and vinyl flooring. While functional and currently tenant-occupied, the units require cosmetic updates and modernization of systems like the baseboard heating to reach full market potential.
Situated just moments from downtown San Anselmo's vibrant shops and restaurants, this property offers high desirability and strong rental demand in a sought-after Marin County community.
With one unit delivered vacant, the property provides an immediate opportunity for owner-occupancy or the ability to secure market-rate rental income right away.
The inclusion of dedicated carport parking for every unit and shared laundry facilities enhances tenant retention and adds significant functional value to the investment.
The property consists exclusively of 1-bedroom, 1-bathroom units, which may limit the potential tenant base compared to multi-family assets with more diverse bedroom counts.
With two units currently occupied, a new owner may face limitations regarding immediate renovations or rent adjustments across the entire building.
Exceptional investment opportunity in the heart of San Anselmo. Ideally located just moments from downtown San Anselmo's vibrant shops, acclaimed restaurants, cafs, and everyday conveniences, 1201-1203 San Anselmo Avenue is a rare multi-unit offering in one of Marin County's most sought-after communities. Comprised of approximately 2,486 square feet, the property features three well-sized 1-bedroom, 1-bath residences with comfortable layouts, abundant natural light, and inviting living spaces. Shared laundry facilities and a dedicated carport parking for each unit adds everyday functionality and convenience. Residence Details: 1203 #1 - 1BD/1BA residence delivered vacant, featuring a spacious living area anchored by a dramatic wall of windows that fills the home with natural light, offering immediate flexibility for owner-occupancy or rental income 1203 #2 - Light filled upper-level 1BD/1BA residence with two separate decks (tenant occupied) 1201 - Lower-level 1BD/1BA residence featuring an enclosed front brick patio (tenant occupied) With a desirable unit mix, one vacant residence, and excellent proximity to award-winning schools, scenic hiking and cycling trails, and the charm of downtown San Anselmo, this compelling property offers a rare combination of lifestyle, flexibility, and long-term investment potential in the heart of Marin.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 3.0 | 50% |
| Baths | 0.0 | 1.0 | 50% |
| Square foot | 2,486 | 2,224 | 50% |
| Lot Size | 4,901 | 6,077 | 50% |
| Price | $1.20M | $922.5K | 50% |
| Price per sq ft | $481 | $406 | 50% |
| Built year | 1978 | 1943 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 22 | 115 | 50% |
May 22, 2026
$1,195,000
Initial Listing