40 Canyon Road, San Anselmo, CA 94960, San Anselmo, 94960 - 2 bed, 1 bath
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San Anselmo, CA 94960
This Income-Generating Family Compound is listed at $1,300,000, reflecting a premium for its rare multi-unit configuration against a $1,164,713 Fair Market Value. Boasting a Condition Rating of 3, the property features a 1910 main cottage alongside two studio rentals with active tenants, providing immediate cash flow. The residence is enhanced by hardwood floors, pitched ceilings, and a private deck and patio amidst lush gardens. Located near downtown, this versatile asset is ideal for Owner-Occupants looking to house-hack or multi-generational families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40 Canyon Road Subject | $1,300,000* List Price | 2 | 1 | 1,578 | $743 | - |
A 20 Brookmont Circle Sold | $1,135,000 | 3 | 2 | 1,505 | $754 | 0.9 mi |
B 228 Saunders Avenue Pending | $1,450,000 List Price | 3 | 2 | 1,669 | $869 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1910, the property is well-maintained and move-in ready. The kitchens feature stone countertops and updated cabinetry consistent with a 5-15 year old renovation. The hardwood floors, skylights, and exterior siding appear in good condition, suggesting consistent maintenance despite the age of the structure.
The property includes two additional studio units with existing tenants, providing immediate rental income or the flexibility to be used as a home office, guest suite, or multi-generational family compound.
This 1910 cottage features timeless architectural details such as wood floors and pitched ceilings, paired with beautifully landscaped grounds including flowering gardens, a fig tree, and multiple private outdoor living spaces.
Ideally situated between downtown San Anselmo and Fairfax, the residence offers a private, serene atmosphere while remaining within walking distance to local shops, dining, and vibrant community life.
The main residence contains only one bathroom for two bedrooms, which may be a drawback for families or buyers seeking more modern, multi-bath configurations.
Laundry facilities are located in a shared basement area for all three units, which may present privacy and convenience challenges compared to traditional single-family homes.
The Ultimate Flexible Compound in San Anselmo: A Charming Main Cottage Plus Two Detached Lifestyle Studios Embrace a rare way of living in Marin with this enchanting, sun-drenched property that offers unmatched flexibility for the modern family. Positioned on a beautifully landscaped parcel between downtown San Anselmo and Fairfax, this property is the ultimate "choose-your-own-adventure" estateperfect for those seeking a multi-generational compound, a premier work-from-home setup, or a savvy way to offset a mortgage with built-in income. The Main Residence: A Light-Filled Sanctuary The heart of the property is a delightful 2-bedroom, 1-bathroom cottage that exudes classic Marin charm. Inside, pitched ceilings and warm wood floors create an airy, expansive feel across the main living spaces. The cottage features its own private outdoor living areas, a one-car garage, and a massive basement below offering incredible storage and laundry facilities. The Bonus Studios: Work, Stay, or Earn In addition to the main home, two bright and welcoming detached studios offer a level of versatility that is incredibly rare to find: The High-End WFH Setup: Designate one or both as quiet, professional home offices entirely separate from the main house. The Family Flex Space: Ideal for an upscale home gym, an art studio, a private guest suite, or a independent space for extended family and young adults. The Financial Superpower: Currently occupied by lovely tenants, these units can continue to generate substantial monthly revenue, serving as a massive subsidy toward your monthly mortgage. A Magical Garden Footprint Outside, the grounds unfurl into a lush, multi-tiered oasis filled with mature trees and flowering plants. A meandering path connects a series of private spaces, including a shaded hammock retreat near the fig tree, hidden garden patios, and a dedicated sun deck for one of the studios. Whether you utilize the entire footprint as a private family compound or let the existing tenants help pay your property down, this is a unique, high-value asset in a premier, pedestrian-friendly location close to top schools, local transit, and vibrant downtown dining.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 32% |
| Baths | 1.0 | 3.0 | 13% |
| Square foot | 1,578 | 2,117 | 39% |
| Lot Size | 3,480 | 7,536 | 3% |
| Price | $1.30M | $1.65M | 29% |
| Price per sq ft | $824 | $827 | 48% |
| Built year | 1910 | 1954 | 16% |
| HOA | $0 | $0 | 50% |
| Days on market | 39 | 137 | 3% |
Apr 28, 2026
$1,300,000
Initial Listing
May 14, 2021
$1,352,000
Public Record
May 29, 2018
$1,125,000
Public Record
Aug 25, 2015
$850,000
Public Record
Aug 7, 1997
$305,000
Public Record