
San Anselmo, CA 94960
This five-unit multifamily property presents a High-Potential Investment Opportunity with a List Price of $1,995,000—positioned well below the $2,068,454 Fair Market Value by 3%. This valuation gap offers $73,454 in Instant Equity. Featuring a Condition Rating of 4, the property offers significant value-add potential through interior modernization. Located in a supply-constrained Marin County market near Top-Rated Schools like Hidden Valley Elementary, this asset is ideal for Buy-and-Hold Investors or Value-Add Developers seeking long-term rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1562 Sir Francis Drake Boulevard Subject | $1,995,000* List Price | 0 | 0 | 4,220 | $490 | - |
A 1516 San Anselmo Avenue Active | $1,950,000 List Price | 0 | 0 | 3,380 | $577 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1963 and, while described as well-maintained, the images show kitchens and bathrooms that are significantly dated. The cabinetry, laminate countertops with tile edging, and older white appliances suggest a renovation age of over 20 years, fitting the criteria for needing updates.
Elementary School: Hidden Valley Elementary (9/10).
Ideally positioned between downtown San Anselmo and Fairfax, the property offers residents easy access to premium retail, dining, and top-rated schools with a rating of 8 or 9.
The property features a versatile mix of two 2-bedroom and three 1-bedroom units, enhanced by desirable amenities such as private decks, fireplaces, covered parking, and on-site laundry.
Situated directly on Sir Francis Drake Boulevard, a major thoroughfare, the property is subject to significant vehicle traffic and noise, which may affect tenant desirability.
Built in 1963, the property may require more frequent maintenance and capital improvements to its aging systems compared to newer multifamily developments.
Exceptional opportunity to acquire a well-maintained five-unit multifamily property in one of Marin County's most desirable rental markets in San Anselmo, CA. The property consists of two spacious 2-bedroom, 1-bath units and three large 1-bedroom, 1-bath units, offering an attractive unit mix that appeals to a broad tenant base. Residents enjoy numerous amenities, including covered parking, individual tenant storage, on-site laundry facilities, and a private landscaped outdoor area that enhances the property's livability and tenant appeal. Each unit features its own front deck, while the large 2-bedroom units are further distinguished by inviting fireplaces. Ideally situated between downtown San Anselmo and downtown Fairfax, the property benefits from convenient access to an array of restaurants, cafs, retail amenities, parks, and transportation options. The property's location offers residents convenient access to San Francisco via Highway 101 and the Golden Gate Bridge, making it an attractive option for commuters seeking a more suburban lifestyle without sacrificing connectivity to major employment centers. Surrounded by award-winning schools, extensive open space preserves, hiking and biking trails, and the vibrant community amenities that define central Marin, the property is well-positioned to benefit from the area's long-term economic strength and limited multifamily inventory. Marin County remains one of the Bay Area's most affluent and supply-constrained residential markets, characterized by strong household incomes, exceptional quality of life, and enduring demand for rental housing.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 1.1 mi
Grades K-5 • 1.3 mi
No sensitive facilities data found.
Jul 27, 2026
$1,995,000
Initial Listing