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Turnkey Multifamily with ADU
For Sale
$4,000,000

15 San Rafael Ave, San Anselmo, CA 94960

Turnkey 8-unit multifamily plus a legal studio ADU, offering off-street parking and in-unit gas-fired stoves.

Property Size4,806 SF
Days on Market49

Property Features for 15 San Rafael Ave

General Information

Standard status Active
Size 4,806 SF
Property subtype Investment

Additional Details

Business Included Yes
Multifamily Units 9

Building Details

Building Size 4,806 SF
Year Built 1957
Stories 2
Units 9
Tenancy Multi
Listed By: Katherine J Higgins
Source: Elliman
Added: Jul 19 Changed: Aug 21 Last Checked: Sep 4 at 2:51PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Katherine J Higgins

Investment Insights

Based on property information with market context.

This turnkey multifamily property includes eight one-bedroom units and a legal ADU configured as a studio unit. The units feature hardwood floors and updated kitchens and baths, with gas-fired stoves in each unit. The property also provides on-site laundry and storage for residents, along with off-street parking and landscaped grounds.

Set on a large lot in downtown San Anselmo, the property offers a pedestrian-friendly setting with an easy walk to local restaurants and shops. The ADU provides on-site amenities including laundry and storage, as well as a view of the hills.

The asset is presented in excellent condition and is designed to be manageable, with a consistent one-bedroom unit layout across the main building and an additional legal ADU studio unit on site.

Key Highlights

  • 1957‑built multifamily property with 8 one‑bedroom units plus a legal studio ADU
  • Updated kitchens and baths across the one‑bedroom units
  • Gas‑fired stoves in each unit

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Auto Parts Store Grocery & Convenience Store Locksmith Barber Shop (Bike/Boat/Book/etc) Store Tech Support Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

9
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

1,323
Businesses Nearby

Demographics for 94960, CA

15,920
Population
6,641
Households
2.4
Avg Household Size
47
Median Age
73%
College-Educated
98%
High-School Grad
5.9 sq mi
ZIP Area
2,698
Density / Sq Mi
$172,332
Median Household Income
$84,644
Median Earnings
$2,838
Median Rent
$1,589,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Turnkey 8-unit multifamily plus a legal studio ADU, offering off-street parking and in-unit gas-fired stoves.
Where is this apartment building located?
The property is located at 15 San Rafael Ave San Anselmo, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 1957‑built multifamily property with 8 one‑bedroom units plus a legal studio ADU; Updated kitchens and baths across the one‑bedroom units; Gas‑fired stoves in each unit
More about this property
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