El Paseo 1355 Sir Francis Drake Blvd 28 Unit Apartment Building $12,000,000 ($428,571/Unit) 4.45% Cap Rate San Anselmo, CA 94960

A rare opportunity to own 28 units in an A+ San Anselmo location. Just five blocks from The Fairfax Plaza shopping Center with the beloved Good Earth Market, Fairfax Brewing Company, Fitlab, coffee, and shops PLUS just two more blocks to downtown Fairfax. Also just 6 blocks to Redhill shopping center with restaurants, shops, Pete’s coffee, CVS, Safeway, and more. A 5 minute drive to Downtown San Anselmo. Practically engulfed by hiking and biking trails and just moments away from numerous top rated public schools, it is easy to understand and make the most out of the proven appeal to tenants.
Composed of a variety of unit styles including multiple townhouse style units, spacious apartment style units, duplex style units, and more. Most units include their own washer and dryer and excellent floor plans.
Set on over an Acre of land, with 54,000 SqFt lot, the property includes 2 separate parcels and 8 separate buildings, a seven plex, 2 five-plexes, 2 three-plexes, 2 duplexes, a stand alone unit. Perfect for investors who want to realize the up-side of under market rents. One of the lowest prices per door in Marin County and some of the largest units in the rental market, the next owner will have an easy path towards realizing the excellent cashflow ahead.