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3 Total Units - (2) Two-bedroom/two-baths 40 Leafwood Cir 3 Unit Apartment Building $1,300,000 ($433,333/Unit) 7.03% Cap Rate San Rafael, CA 94901
Investment Highlights
- FULLY RENOVATED 2 BEDROOM 2 BATHROOM AND A PERMITTED STUDIO
- CLOSE TO DOWNTOWN SAN RAFAEL
Executive Summary
Discover a rare investment opportunity in the heart of San Rafael. This beautifully updated Duplex plus an added Studio Unit features two spacious 2-bed/2-bath units plus the additional Studio. Each residence has been through a complete remodel with brand-new fixtures, appliances, and inspired finishes, offering a modern living experience with character. Both two-bedrooms/two-bath units are newly leased.
Located just minutes from downtown, this property combines convenience with long-term rental appeal. Whether you’re an investor seeking strong rental income or looking to diversify your portfolio, 40–42 Leafwood Circle presents the perfect blend of style, location, and value.
Located just minutes from downtown, this property combines convenience with long-term rental appeal. Whether you’re an investor seeking strong rental income or looking to diversify your portfolio, 40–42 Leafwood Circle presents the perfect blend of style, location, and value.
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Property Facts
| Price | $1,300,000 | Property Subtype | Apartment |
| Price Per Unit | $433,333 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.03% | Lot Size | 0.25 AC |
| Sale Condition | 1031 Exchange | Building Size | 2,538 SF |
| Gross Rent Multiplier | 11.7 | Average Occupancy | 75% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2025 |
| Price | $1,300,000 |
| Price Per Unit | $433,333 |
| Sale Type | Investment |
| Cap Rate | 7.03% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.7 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 2,538 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2025 |
Amenities
Unit Amenities
- Bay Window
- Stainless Steel Appliances
- Double Pane Windows
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $4,125 | 1,000 - 1,100 |
| Studios | 1 | $1,750 | 450 |
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Property Taxes
| Parcel Number | 010-241-74 | Improvements Assessment | $223,028 |
| Land Assessment | $183,202 | Total Assessment | $406,230 |
Property Taxes
Parcel Number
010-241-74
Land Assessment
$183,202
Improvements Assessment
$223,028
Total Assessment
$406,230
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Presented by
MKD Group Realty
3 Total Units - (2) Two-bedroom/two-baths | 40 Leafwood Cir
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