1512--1516 San Anselmo Ave - Apartments FOR SALE


San Anselmo, CA 94960
$1,950,000 USD
415-302-7730
1512--1516 San Anselmo Ave, San Anselmo, CA for Sale
$1,950,000 USD
Apartments - FOR SALE
1/13
null | 5.21% Cap Rate

1512--1516 San Anselmo Ave
San Anselmo, CA 94960


HIGHLIGHTS

  • Popular Central Marin County location in San Anselmo
  • Individual heating and air conditioning units
  • Abundant natural light with lush greenery surrounding the property
  • Nearby hiking and biking trail heads
  • Walk to downtown shops and restaurants
  • Off street parking for 7 vehicles

OVERVIEW

Charming multifamily with a 4 plex and duplex on a single lot near both downtown San Anselmo and nearby Fairfax in Marin County. Located on a flat lot with 7 off street parking spaces the property includes brand new mini split HVAC units with heat and air conditioning in each one-bedroom apartment. Units include hardwood floors, lots of closet space, in unit water heaters, excellent natural light and hill views from some units. Kitchens and baths could use updating to maximize current rents, but building runs full throughout the year. The property operating costs are low as each tenant has a water, gas and electric meter and owner pays only taxes, garbage, insurance and maintenance. With renovation of kitchens and bathrooms scheduled income could increase cap rate to over 7%. Don't miss this exciting value add opportunity in one of Marin County's most coveted communities!

FOR SALE DETAILS

PRICE

$1,950,000 USD

PRICE/SF

$577 USD /SF

# OF UNITS

6

PRICE/UNIT

$325,000

CAP RATE

5.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1952

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

R3

APN/PARCEL ID

007-015-11

ASK ABOUT THIS PROPERTY

Katherine HigginsBerkshire Hathaway Drysdale PropertiesMore Info
415-302-7730

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Katherine HigginsBerkshire Hathaway Drysdale PropertiesMore Info
415-302-7730

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.