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15 San Rafael Ave 9 Unit Apartment Building $4,000,000 ($444,444/Unit) 4.11% Cap Rate San Anselmo, CA 94960
Investment Highlights
- Private, sunny lot with hillside views from many units
- Updated kitchens and baths, hardwood floors, and gas fired stoves in living rooms
- Walk to downtown San Anselmo shops, gourmet grocery, restaurants and entertainment venues
- Abundant off street parking
- Onsite laundry and storage
Executive Summary
Pride of ownership 8 units plus legal ADU in affluent Marin County, town of San Anselmo. The completely renovated two story apartment property includes a new roof, sewer lateral, new decks, new paint, and refreshed interiors that include updated kitchen and baths. The turnkey apartment community is located 1/2 block from popular San Anselmo Avenue shops, restaurants and entertainment venues. The two-story complex, built in 1957, is situated on an 8,750 square foot lot with off street parking for 8-10 vehicles. At the rear of the property is a separate storage structure for the use of tenants. The offering includes on site laundry room, common area garden and patio with barbeque, and hill side views from many of the apartments. This quiet refuge in the heart of town offers privacy to residents and an opportunity to enjoy the many hiking and biking trails nearby. For commuters, the building is only 15 minutes to Highway 101 and Interstate 580, leading to East Bay and San Fransico employment centers.
Property Facts
| Price | $4,000,000 | Apartment Style | Low-Rise |
| Price Per Unit | $444,444 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 4.11% | Building Size | 4,808 SF |
| Gross Rent Multiplier | 15.83 | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2026 |
| Property Subtype | Apartment | Parking Ratio | 1.87/1,000 SF |
| Zoning | R-3 | ||
| Price | $4,000,000 |
| Price Per Unit | $444,444 |
| Sale Type | Investment |
| Cap Rate | 4.11% |
| Gross Rent Multiplier | 15.83 |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 4,808 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2026 |
| Parking Ratio | 1.87/1,000 SF |
| Zoning | R-3 |
Amenities
Site Amenities
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Trash Pickup - Curbside
- Walking/Biking Trails
- Storage Space
- Zen Garden
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 601 |
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 007-211-09 | Improvements Assessment | $1,686,284 |
| Land Assessment | $1,390,929 | Total Assessment | $3,077,213 |
Property Taxes
Parcel Number
007-211-09
Land Assessment
$1,390,929
Improvements Assessment
$1,686,284
Total Assessment
$3,077,213
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Contact the Sale Advisor
15 San Rafael Ave