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Executive Summary

Available for the first time in over five decades, 138 Tunstead Avenue represents an exceptional opportunity to acquire a premier apartment community in the heart of downtown San Anselmo, one of Marin County's most desirable and tightly held residential markets. Owned by the same family since 1971, the property has been meticulously maintained and thoughtfully improved over generations, reflecting an extraordinary level of pride of ownership.
Ideally situated just steps from the vibrant downtown district, the property offers residents immediate access to acclaimed restaurants, neighborhood cafés, boutique shopping, parks, and everyday conveniences, all within one of Marin County's most walkable and charming communities. The property's spacious apartment homes, attractive setting, and exceptional condition create an enduring appeal for tenants while providing investors with a true legacy asset in an irreplaceable location.
Investors will appreciate the underlying strength of the San Anselmo market, where limited housing supply, high barriers to new development, and sustained demand continue to support long-term investment performance. With decades of careful stewardship, meaningful capital improvements, and outstanding physical condition, 138 Tunstead Avenue offers an uncommon opportunity to acquire a turnkey apartment community positioned for continued success for generations to come.
Nestled in the heart of the Ross Valley, San Anselmo is renowned for its small-town character, tree-lined streets, and exceptional quality of life. The town blends historic charm with a vibrant downtown filled with locally owned restaurants, cafés, boutiques, art galleries, and year-round community events, creating one of the Bay Area's most sought-after residential environments. Surrounded by parks, open space, and the natural beauty of Marin County, yet offering convenient access to Highway 101, San Francisco, and the greater North Bay, San Anselmo continues to attract residents seeking an unmatched balance of community, recreation, and accessibility. Apartment communities in this premier location rarely become available, making 138 Tunstead Avenue a truly exceptional investment opportunity.

Property Facts

Price $3,695,000
Price Per Unit $369,500
Sale Type Investment
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.24 AC
Building Size 8,900 SF
Average Occupancy 99%
No. Stories 2
Year Built 1971
Parking Ratio 0.6/1,000 SF
Zoning C-2, San Anselmo

Amenities

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 8 - 875
2+1 2 - 950
Very walkable
80/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
007-213-76
Land Assessment
$548,662
Improvements Assessment
$1,330,198
Total Assessment
$1,878,860
  • Listing ID: 41444991

  • Date on Market: 7/27/2026

  • Last Updated:

  • Address: 138 Tunstead Ave, San Anselmo, CA 94960

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