15 San Rafael Avenue, San Anselmo, CA 94960, San Anselmo, 94960 - 0 bed, 0 bath
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15 San Rafael Avenue
San Anselmo, CA 94960
ACTIVE
CONDITION: GOOD
0Beds
0Baths
4,806Sq Ft
8,751Lot Size
Property Price
LIST PRICE$4,000,000
SUMMARY
Beautiful turnkey 8 units + legal ADU in downtown San Anselmo on large lot with lush landscaping and off-street parking! Easy to manage and maintain one-bedroom units with hardwood floors, updated kitchens and baths, gas fired stoves in each unit. ADU is a studio unit. Tenants love it here and enjoy on site laundry, storage units, view of the hills and easy walk to downtown restaurants and shops. Very rare offering in excellent condition in a high demand rental location in central Marin County. Significant rental upside for the lucky new owner! Excellent 1031 exchange investment or legacy property purchase for a long-term hold.Seller financing available for qualified buyers.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1957, the property is described as turnkey with updated kitchens and baths. Visuals show well-maintained hardwood floors and professional landscaping. It meets the 'Good' criteria as a functional, move-in ready investment with renovations likely in the 5-15 year range.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Middle School: Ross Elementary School (9/10).
- Prime Downtown Location
Situated in the heart of San Anselmo, this property offers exceptional walkability to premium shops and restaurants, ensuring consistently high tenant demand and low vacancy rates.
- Turnkey Condition
The building features eight updated one-bedroom units plus a legal ADU with modern kitchens, baths, and hardwood floors, significantly reducing the need for immediate capital expenditures.
CONSRISKS & DEFICIENCIES
- High Acquisition Cost
With a $4 million list price, the high price-per-unit may result in a lower initial capitalization rate, potentially limiting immediate cash-on-cash returns for investors.
- Vintage Infrastructure
Built in 1957, the property may require more intensive long-term maintenance of aging systems, such as plumbing and electrical, compared to newer construction.
About 15 San Rafael Avenue
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1957
- Lot Size
- 8,751 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
San Anselmo Unified Schools
Wade Thomas Elementary School
Grades K-5 • 0.4 mi
8/10
Ross Elementary School
Grades K-8 • 1.1 mi
9/10
White Hill Middle School
Grades 6-8 • 2.9 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Jul 14, 2026
$4,000,000
Initial Listing
Sold
Nov 5, 2015
$2,600,000
Public Record
Sold
Jun 24, 1998
$800,000
Public Record