Five-Unit Apartment Building with Private Outdoor
1562 Sir Francis Drake Blvd San Anselmo, CA 94960
New
For Sale
$1,995,000
Five-unit apartment building offering a tenant-friendly mix of two 2-bedroom units and three 1-bedroom units.
Days on Market2
Property Features for 1562 Sir Francis Drake Blvd
General Information
Standard status
Active
Property subtype
Investment
Building Details
Year Built
1963
Listing Agency:
BERKSHIRE HATHAWAY
(415) 747-2150
Listed By:
Steven Level · License #01184232
(415) 747-2150
Source:
Elliman
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 29 at 6:35PM
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 BERKSHIRE HATHAWAY
Investment Insights
Based on property information with market context.
This well-maintained five-unit apartment building was built in 1963 and features two spacious 2-bedroom, 1-bath units and three 1-bedroom, 1-bath units. Each unit includes its own front deck, and the two 2-bedroom units are further distinguished by fireplaces.
The property includes covered parking, individual tenant storage, on-site laundry facilities, and a private landscaped outdoor area. Residents also benefit from a practical layout for everyday living with dedicated outdoor space for each unit.
Located at 1562 Sir Francis Drake Blvd in San Anselmo, the building sits between downtown San Anselmo and downtown Fairfax. The area provides convenient access to restaurants, cafés, retail amenities, parks, and transportation options. For commuting, residents have access to San Francisco via Highway 101 and the Golden Gate Bridge. Walking is limited (walkScore 2, car-dependent) while biking is somewhat supported (bikeScore 20).
The property includes covered parking, individual tenant storage, on-site laundry facilities, and a private landscaped outdoor area. Residents also benefit from a practical layout for everyday living with dedicated outdoor space for each unit.
Located at 1562 Sir Francis Drake Blvd in San Anselmo, the building sits between downtown San Anselmo and downtown Fairfax. The area provides convenient access to restaurants, cafés, retail amenities, parks, and transportation options. For commuting, residents have access to San Francisco via Highway 101 and the Golden Gate Bridge. Walking is limited (walkScore 2, car-dependent) while biking is somewhat supported (bikeScore 20).
Key Highlights
- Five units with two 2‑bedroom, 1‑bath units and three 1‑bedroom, 1‑bath units
- Each unit has its own front deck; 2‑bedroom units include fireplaces
- Covered parking plus individual tenant storage
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.0k | $27.96 |
| − Vacancy | −$6.8k | −$1.62 |
| EGI | $111.1k | $26.34 |
| − OpEx | −$50.0k | −$11.85 |
| NOI | $61.1k | $14.49 |
4,220 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$873.3K
$764.1K – $1.02M
NOI $61,131 @ 7.0% cap · market cap 3.06%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$20.61M
$18.04M – $24.05M
NOI $1,442,908 @ 7.0% cap · market cap 72.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Apartment building - Five-unit apartment building offering a tenant-friendly mix of two 2-bedroom units and three 1-bedroom units.
Where is this apartment building located?
The property is located at 1562 Sir Francis Drake Blvd San Anselmo, CA.
What is the asking price?
The asking price for this property is $1,995,000.
What are key features of this property?
This property features: Five units with two 2‑bedroom, 1‑bath units and three 1‑bedroom, 1‑bath units; Each unit has its own front deck; 2‑bedroom units include fireplaces; Covered parking plus individual tenant storage
