$1,450,000

Estimated payment $8,285/month

Total Views 938
4 Beds
8 Baths
2,538 Sq Ft
$571 Price per Sq Ft

Highlights

  • Deck
  • Park or Greenbelt View
  • Energy-Efficient Appliances
  • Sun Valley Elementary School Rated A-
  • Private Yard
  • Landscaped

About This Home

Modern Duplex plus Studio Retreat! Welcome to 40 Leafwood Circle, a totally renovated VACANT duplex with an additional Studio for a total of 3 units that combine contemporary design, comfort, and versatility in a peaceful hillside setting. Each of the 2-bedroom, 2-bathroom residences are fully remodeled and were taken down to the studs and now feature wide-plank oak floors, abundant natural light from expansive picture windows, a Chef's kitchen with quartz countertops, designer cabinetry, black hardware, and stainless steel appliances, while spacious great rooms flow seamlessly to the outdoors. Washer/Dryer units are in-unit! Primary suites offer stylish en-suite baths, and secondary bedrooms provide flexible space for guests or a home office. A fully permitted lower-level space adds potential for a studio, home office, or additional income unit. A prime location close to town, shops, restaurants and transit, this duplex offers modern Marin living at its finest. Proforma rent is approximately $10,000 a month making this property perform at a 6 cap - a rarity in San Rafael and once in a decade opportunity.

Listing Agent

Ian Ivarson

Vanguard Properties License #02049359 Listed on: 10/22/2025

Vanguard Properties

Co-Listing Agent

Mark Chow

Compass License #01347820

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,886

Year Built

  • Built in 1960 | Remodeled

Lot Details

  • 10,123 Sq Ft Lot
  • Landscaped
  • Private Yard
  • Garden

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Concrete Foundation
  • Composition Roof

Interior Spaces

  • 4 Bedrooms
  • 2,538 Sq Ft Home
  • 2-Story Property
  • Laminate Flooring
  • Park or Greenbelt Views

Kitchen

  • Free-Standing Electric Range
  • Dishwasher
  • Disposal

Laundry

  • Laundry in unit
  • Washer and Dryer Hookup

Utilities

  • Central Heating and Cooling System
  • Individual Gas Meter
  • Separate Water Meter

Additional Features

  • Energy-Efficient Appliances
  • Deck

Community Details

  • 3 Units
  • Gross Income $123,600

Listing and Financial Details

  • Assessor Parcel Number 010-241-74

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,886

Year Built

Built in 1960 | Remodeled

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Sub Type: Duplex
  • Subtype Description: Apartments
  • Directions To Property: DT to fifth to Leafwood Circle
  • Lot Size Acres: 0.2324
  • CapRate: 6.00
  • Levels: Two
  • Actual or Scheduled: Scheduled
  • Reso Window Features: Dual Pane Full
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, Free Standing Electric Range, Free Standing Refrigerator
  • Flooring: Laminate
  • Square Footage: 2538.00
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete
  • Lot Features: Cul-De-Sac, Garden, Landscape Front
  • Property Condition: Updated/Remodeled
  • Roof: Composition
  • ExteriorFeatures: Yard Space
  • Patio And Porch Features: Uncovered Deck, Varies By Unit
  • View: Garden/Greenbelt

Garage/Parking

  • Parking Features: Garage, Varies By Unit
  • Total Parking Spaces: 3.00
  • Garage Spaces: 2.00

Utilities

  • Cooling: Central
  • Sewer: Public Sewer
  • Utilities: Sewer Connected
  • Water Source: Water District
  • Heating: Central
  • Laundry Features: In Each Unit, Washer/Dryer Hookups
  • Separate Meters: Electricity, Gas, Water, See Remarks

Lot Info

  • Assessor Parcel Number: 010-241-74
  • Lot Size Sq Ft: 10123.00

Green Features

  • Energy Efficient: Appliances

Building Info

  • Year Built: 1960

Multi Family

  • Two Bedroom Rent Range: $3,800 - $4,400
  • Number of Studio Units: 1
  • NumberOfUnitsTotal: 3

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,886 $406,230 $183,202 $223,028
2024 $7,886 $398,266 $179,610 $218,656
2023 $7,587 $390,457 $176,088 $214,369
2022 $7,268 $382,803 $172,637 $210,166
2021 $7,192 $375,298 $169,252 $206,046
2020 $7,096 $371,438 $167,511 $203,927
2019 $6,950 $364,156 $164,227 $199,929
2018 $6,887 $357,016 $161,007 $196,009
2017 $6,682 $350,017 $157,851 $192,166
2016 $6,454 $343,155 $154,756 $188,399
2015 $6,178 $338,000 $152,431 $185,569
2014 $5,878 $331,380 $149,446 $181,934
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2025 10/30/25 Price Changed $1,450,000 -90.0% $571 / Sq Ft
10/22/2025 10/22/25 For Sale $14,500,000 +900.0% $5,713 / Sq Ft
10/22/2025 10/22/25 For Sale $1,450,000 +55.9% $571 / Sq Ft
01/22/2025 01/22/25 Sold $930,000 0.0% $465 / Sq Ft View Prior Sale
01/22/2025 01/22/25 Sold $930,000 -10.2% -- View Prior Sale
12/27/2024 12/27/24 Pending -- -- --
12/27/2024 12/27/24 Pending -- -- --
11/08/2024 11/08/24 For Sale $1,036,000 0.0% $518 / Sq Ft
10/28/2024 10/28/24 For Sale $1,036,000 -- --
Source: Bay Area Real Estate Information Services (BAREIS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $930,000 Wfg National Title Insurance C
Deed -- None Available
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 New Conventional
Previous Owner $179,800 New Conventional
Source: Public Records

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 325091133

Bay Area Real Estate Information Services (BAREIS)

APN: 010-241-74