Sold: 19 Madrone Avenue
San Anselmo, CA
- Offered at $ 1,300,000
- Sold: $1,300,000 on 12/01/2025
- Seller Represented
Features:
- Excellently maintained three-unit residential income property
- Unit A – $2030/month
– One Bed / One Bath
– 669 sq ft per graphic artist
– Driveway parking
– Private back deck area - Unit B – $1990/month
– One Bed / One Bath
– 618 sq ft per graphic artist
– Driveway parking
– Private back deck area - Unit C – $2020/month
– One Bed / One Bath
– 618 sq ft per graphic artist
– Driveway parking
– Private back deck area
– In unit laundry, machines the property of the tenants - Unit D – $1925/month
– One Bed / One Bath
– 669 sq ft per graphic artist
– Driveway parking
– Private back deck area - Shared patio/garden outdoor space
- Extra unassigned storage under Unit C behind garage
- Fantastic location in downtown San Anselmo, near fantastic restaurants like Comforts and Insalata, parks like Memorial, Robson and Faude Park, as well as fantastic schools like Archie Williams
- 4.87% Cap Rate and 13.63 GRM
- Year built: 1957
- Living Square footage: 2737/per graphic artist
- Lot Square Footage: 8,475
Multifamily Investment Opportunity in San Anselmo
Desirable Central Location
Four Units Offered for $1,300,000
19 Madrone Ave is an exceptional mutli-family investment opportunity in the heart of downtown San Anselmo. Built in 1957, and bought and owned by the same owner since 1992, it shows both pride of ownership and tenantship throughout.
Financially the building is equally a great proposition with a current actual cap rate of 4.35% and GRM of 15.93.
The location’s proximity to everything is really what makes it shine—located in the heart of downtown there is no shortage of fantastic restaurants and shops to visit. Local favorites include Comforts (the Chinese chicken salad is AMAZING!), Insalatas, Creekside Pizza and Tap Room, Taco Jane’s and more! It would be an endless list to name off every fantastic salon or shop nearby, but I will name off my personal favorites which include Fox + Stone Collective, Botanicalife, Butterfly Skin Studio, San Anselmo Historical Museum and of course the quaint and adorable San Anselmo Inn. Also worth noting is this location falls in the boundary of the very desirable Wade Thomas Elementary School, a highly rated school. And, while we are on the topic of schools, Archie Williams High School is just about a ½ mile away
