1516 San Anselmo 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 Subject | $1,950,000* List Price | 0 | 0 | 3,380 | $613 | - |
A 829 San Anselmo Avenue Active | $2,250,000 List Price | 0 | 0 | 3,225 | $698 | 0.7 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.
Charming 4 plex and duplex on single flat lot in San Anselmo with off street parking, on site laundry and hardwood floors in each unit. Great light and privacy on this wooded lot just off Center Road. Near hiking and biking trails and easy walk to either Fairfax or downtown San Anselmo shops and restaurants. Upside in rents and runs full! Seller to assist with financing! A must see!
No exterior & parking available.
No sensitive facilities data found.
May 21, 2026
$1,950,000
Initial Listing
Jun 16, 2003
$840,000
Public Record