- For Sale $2,000,000
- Property Type Multi-Family
- Property Size 5,324 SF
- Units 5
- Lot Size 0.31 Acre
- Year Built 1907
- Year Renovated 2015
- Date Updated Nov 12, 2026
Description
Situated in the San Anselmo sub-market, the property offers investors a compelling position within one of Marin County’s most sought-after communities. The area is known for its neighborhood charm, walkable streets, and convenient access to daily amenities that support long-term residential demand.
Nearby points of interest include the San Anselmo Playhouse and the San Anselmo Historical Museum, adding to the area’s local character and appeal. The location also benefits from proximity to schools, parks, hiking trails, and shopping, creating a well-rounded environment for residents. For connectivity throughout Marin and beyond, Marin Transit is just a few short blocks away, reinforcing the area’s accessibility and convenience.54 Magnolia Ave presents a rare opportunity to acquire a well-maintained five-unit apartment community in San Anselmo. Encompassing 5,324 SF across a two-story building, the property offers a favorable mix of unit styles designed to appeal to a range of tenant profiles and support consistent occupancy.
Renovated in 2015, the asset combines enduring character with thoughtful updates. Currently 100% occupied, the property benefits from established tenancy and a history of strong AirBnB rentals, making it an appealing investment property. Consisting of two parcels. the total land equates to 13,299 Sq Ft, offering development and ADU potential.
Highlights
- Centrally-located building allows easy access to schools, parks, hiking trails and shopping
- Five (5) unit apartment community with a favorable mix of unit styles to attract different tenant types
- History of strong Air BnB rentals
- Large 13,299 Sq Ft parcel offers development potential
- Well-maintained property in one of Marin's most sought after neighborhoods, San Anselmo
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Contacts
Grant Chappell
NAI Northern California
Location
Contact Listing Broker
Grant Chappell
NAI Northern California