1516 San Anselmo Avenue Avenue, San Anselmo, CA 94960, San Anselmo, 94960 - 0 bed, 0 bath
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San Anselmo, CA 94960
This multi-family asset presents a Strong Value Opportunity, listed at $1,950,000—positioned well below the $2,088,573 Fair Market Value by 6%. This valuation gap offers $138,573 in Instant Equity. Featuring a Condition Rating of 3, the property includes recent capital improvements like a new roof and modern mini-split HVAC systems. With a large 14,384 sqft wooded lot and significant rental upside, this is an ideal acquisition for Buy-and-Hold Investors or Value-Add Investors seeking a stable, income-generating asset in a prime location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1516 San Anselmo Avenue Avenue Subject | $1,950,000* List Price | 0 | 0 | 3,380 | $618 | - |
A 1361 San Anselmo Avenue Active | $1,450,000 List Price | 0 | 0 | 2,032 | $714 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1952 build date, the property is well-maintained with significant recent capital improvements including a new roof, upgraded electrical, and modern mini-split HVAC systems. Interior photos show functional spaces with original hardwood floors in good condition, making it move-in ready for tenants.
Ideally situated between downtown San Anselmo and Fairfax on a large wooded lot, offering tenants both convenience and scenic views in a highly desirable rental market.
Significant upgrades including modern mini-split HVAC units, upgraded electrical systems, and a new roof on the duplex reduce immediate deferred maintenance and CapEx for the buyer.
The property offers a high parking-to-unit ratio and significant rental upside, providing a strong opportunity for investors to increase yield through professional management.
Originally built in 1952, the property may require ongoing attention to older plumbing or structural elements typical of mid-century multi-family assets despite recent upgrades.
Managing two separate structures (a 4-plex and a duplex) with shared common facilities like laundry and patio areas requires more intensive oversight than a single-building asset.
Wonderful value add opportunity with 25 per cent upside on rents with kitchen and bath renovations. 4 Plex and duplex on single large lot with parking needs TLC but fully rented now. Located on flat wooded lot between San Anselmo and Fairfax near downtown shops and hiking and biking trailheads. Tenants love living here with easy access to beaches and Highway 101 access. Hardwood floors, good natural light, mini split HVAC with air conditioning in each unit and private and quiet neighborhood near excellent schools. Must see this ideal entry level multifamily offering in one of Marin County's most exclusive charming downtowns-San Anselmo.
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 | 3,380 | 2,671 | 50% |
| Lot Size | 14,384 | 10,818.5 | 50% |
| Price | $1.95M | $1.30M | 50% |
| Price per sq ft | $577 | $454 | 50% |
| Built year | 1952 | 1930 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 16 | 108 | 50% |
May 21, 2026
$1,950,000
Initial Listing
Jun 16, 2003
$840,000
Public Record