1516 San Anselmo Avenue, San Anselmo, CA 94960, San Anselmo, 94960 - 0 bed, 0 bath
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1516 San Anselmo Avenue
San Anselmo, CA 94960
ACTIVE
CONDITION: GOOD
0Beds
0Baths
3,380Sq Ft
14,384Lot Size
Property Price
LIST PRICE$1,950,000
EST. MARKET VALUE
$1,950,000
SUMMARY
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.
Estimated Market Value
$1,950,000
Based on Realkey algorithm analyzing recent comparable sales in San Anselmo.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1516 San Anselmo Avenue Subject | $1,950,000* List Price | 0 | 0 | 3,380 | $577 | - |
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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
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.
PROSSTRENGTHS & OPPORTUNITIES
- Strategic Location
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.
- Recent Capital Improvements
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.
- Value-Add Potential
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.
CONSRISKS & DEFICIENCIES
- Vintage Infrastructure
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.
- Operational Complexity
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.
About 1516 San Anselmo Avenue
Charming 4 plex and duplex on a single lot in Marin County's popular San Anselmo-known for its historic downtown with early 1900's renovated buildings, eclectic restaurants, clothing boutiques and wonderful entertainment venues. Nearby are an abundance of hiking and biking trails and easy access to Highway 101 for commuters. The units include six one-bedroom units with hardwood floors, abundant natural light, spacious floorplans with separate dining area off kitchens and lots of closets. In addition, there are 7 on-site parking spots and separate locked storage unit for each apartment. Easy access to the onsite laundery and water separately metered for each unit. Tenants pay water, gas and electric. Current owner has installed new individual HVAC units, so everyone stays cool in the summer and warm in the winter. New electrical panels, new roof on the duplex and almost maintenance free apartments. Tenants love living here and rents are below market. Excellent opportunity to increase cash flow. A must see!
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1952
- Lot Size
- 14,384 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
May 21, 2026
$1,950,000
Initial Listing
Sold
Jun 16, 2003
$840,000
Public Record