Downtown Apartment
For Sale
Contact for pricing
138 Tunstead Avenue, San Anselmo, CA 94960
A 1962 apartment property with C-2 Downtown Commercial zoning near downtown amenities.
Property Size7,927 SF
Price / SF$466.13
Days on Market103
Property Features for 138 Tunstead Avenue
General Information
Standard status
Active
Size
7,927 SF
Total Parking Spaces
10
Property subtype
Multifamily
Zoning
C-2 Downtown Commercial
Investment Type
Stabilized
Net Operating Income
$148,509
Additional Details
Highway Access
Yes
Building Details
Year Built
1962
Buildings
1
Units
10
Tenancy
Multi
Listing Agency:
Keegan & Coppin Co Larkspur
Listed By:
Nathan Ballard · License #CA 01743417
(415) 461-1010
Source:
Crexi
Added: Jul 27
Changed: Oct 26
Last Checked: Nov 6 at 7:18AM
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 Keegan & Coppin Co Larkspur
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
138 Tunstead Avenue is a 7,927-square-foot apartment property completed in 1962 and designated C-2 Downtown Commercial. The building has remained under family ownership since 1971 and has received ongoing maintenance and improvements over the years.
The property is located in downtown San Anselmo, within walking distance of restaurants, cafes, boutiques, parks, and daily conveniences. San Anselmo is situated in Marin County’s Ross Valley, with access to Highway 101, San Francisco, and the greater North Bay. The surrounding area includes tree-lined streets, open space, and a mix of locally operated businesses and community amenities.
The property is located in downtown San Anselmo, within walking distance of restaurants, cafes, boutiques, parks, and daily conveniences. San Anselmo is situated in Marin County’s Ross Valley, with access to Highway 101, San Francisco, and the greater North Bay. The surrounding area includes tree-lined streets, open space, and a mix of locally operated businesses and community amenities.
Key Highlights
- 7,927‑square‑foot apartment property
- Built in 1962
- C‑2 Downtown Commercial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$114,831
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,296,620
$2.3M
Cap Rate 7%
$1,640,443
$1.6M
Cap Rate 9%
$1,275,900
$1.3M
Market Conditions
NOI Build-Up for 7,927 SF
Gross rent
$221.6K $27.96/SF
− Vacancy
−$12.9K −$1.62/SF
EGI
$208.8K $26.34/SF
− OpEx
−$94.0K −$11.85/SF
NOI
$114.8K $14.49/SF
Area
Marin County, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,296,620
Cap Rate 7%
$1,640,443
Cap Rate 9%
$1,275,900
Alternative Uses
Best Use
Apartment 5plus
$1.64M
$1.44M – $1.91M
NOI $114,831 @ 7.0% cap · market cap 3.11%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$38.72M
$33.88M – $45.17M
NOI $2,710,410 @ 7.0% cap · market cap 73.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,291
Businesses Nearby
Explore this area
Business Placement
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
$1,589,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in Marin County, CA
Properties on Market for Apartment buildings in Marin County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A 1962 apartment property with C-2 Downtown Commercial zoning near downtown amenities.
Where is this apartment building located?
The property is located at 138 Tunstead Avenue San Anselmo, CA.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: 7,927‑square‑foot apartment property; Built in 1962; C‑2 Downtown Commercial zoning
