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3 Total Units - (2) Two-bedroom/two-baths 40 Leafwood Cir 3 Unit Apartment Building $1,921,360 CAD ($640,453 CAD/Unit) 6.52% Cap Rate San Rafael, CA 94901
Investment Highlights
- FULLY RENOVATED 2 BEDROOM 2 BATHROOM AND A PERMITTED STUDIO
- CLOSE TO DOWNTOWN SAN RAFAEL
Executive Summary
Discover a rare investment opportunity in the heart of San Rafael. This beautifully updated Duplex plus an added Studio Unit features two spacious 2-bed/2-bath units plus the additional Studio. Each residence has been through a complete remodel with brand-new fixtures, appliances, and inspired finishes, offering a modern living experience with character. Both two-bedrooms/two-bath units are newly leased.
Located just minutes from downtown, this property combines convenience with long-term rental appeal. Whether you’re an investor seeking strong rental income or looking to diversify your portfolio, 40–42 Leafwood Circle presents the perfect blend of style, location, and value.
Located just minutes from downtown, this property combines convenience with long-term rental appeal. Whether you’re an investor seeking strong rental income or looking to diversify your portfolio, 40–42 Leafwood Circle presents the perfect blend of style, location, and value.
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Property Facts
| Price | $1,921,360 CAD | Property Subtype | Apartment |
| Price Per Unit | $640,453 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.52% | Lot Size | 0.25 AC |
| Sale Condition | 1031 Exchange | Building Size | 2,538 SF |
| Gross Rent Multiplier | 11.7 | Average Occupancy | 75% |
| No. Units | 3 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1960/2025 |
| Price | $1,921,360 CAD |
| Price Per Unit | $640,453 CAD |
| Sale Type | Investment |
| Cap Rate | 6.52% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.7 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 2,538 SF |
| Average Occupancy | 75% |
| No. Stories | 1 |
| Year Built/Renovated | 1960/2025 |
Amenities
Unit Amenities
- Bay Window
- Stainless Steel Appliances
- Double Pane Windows
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $5,661 CAD | 1,000 - 1,100 |
| Studios | 1 | $2,402 CAD | 450 |
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 010-241-74 | Improvements Assessment | $305,341 CAD |
| Land Assessment | $250,816 CAD | Total Assessment | $556,157 CAD |
Property Taxes
Parcel Number
010-241-74
Land Assessment
$250,816 CAD
Improvements Assessment
$305,341 CAD
Total Assessment
$556,157 CAD
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Presented by
MKD Group Realty
3 Total Units - (2) Two-bedroom/two-baths | 40 Leafwood Cir
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