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40 Princess Street

Sausalito, CA 94965
  • $3,875,000
  • STATUS: Active
  • ON SITE: 68 Days
  • ID#: 322022022
UPDATED: 62 min ago
$3,875,000
  • 6
    BEDS
  • 0.08
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 4,000
    SQFT
  • $969
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Ratings & Info

Description

A potential 6-unit mixed-use investment property consisting of two 3-bed-room, 2 bath units, 1-studio, 1 bath unit and three offices. Located in the heart of Sausalito, this well-maintained structure is endowed with substantial intrinsic value based on its classical Victorian architecture and absolutely premier location. With sweeping views of beautiful San Francisco Bay, this rare property allows for the potential re-configuration into a variety of uses including additional multi-family units and optimally situated boutique retail and office spaces. Currently, operates the property as a boutique Bed & Breakfast Hotel. The existing configuration includes six hotel rooms, one residential apartment and one office suite. Alternative uses are allowed. A renovation plan with guidance from the City of Sausalito will help a future investor achieve substantial market-level rents across all units. Property is extremely well suited to provide strong returns and considerable value appreciation.

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© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Abramowicz Group | RE/MAX Gold. Data last updated: 2022-05-23T22:56:53.653.
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40 Princess Street Sausalito, CA 94965

  • Price: $3,875,000
  • Status: Active
  • On Site: 68 Days
  • Updated: 62 min ago
  • ID#: 322022022
6
Beds
4
Baths
0
½ Baths
0.08
Acres
4,000
SQFT
$969
$/SQFT
1920
Built
Neighborhood:
Sausalito
County:
Marin
Area:
Sausalito
Property Description
A potential 6-unit mixed-use investment property consisting of two 3-bed-room, 2 bath units, 1-studio, 1 bath unit and three offices. Located in the heart of Sausalito, this well-maintained structure is endowed with substantial intrinsic value based on its classical Victorian architecture and absolutely premier location. With sweeping views of beautiful San Francisco Bay, this rare property allows for the potential re-configuration into a variety of uses including additional multi-family units and optimally situated boutique retail and office spaces. Currently, operates the property as a boutique Bed & Breakfast Hotel. The existing configuration includes six hotel rooms, one residential apartment and one office suite. Alternative uses are allowed. A renovation plan with guidance from the City of Sausalito will help a future investor achieve substantial market-level rents across all units. Property is extremely well suited to provide strong returns and considerable value appreciation.
Exterior Features

Architectural Style Victorian Carport Spaces 0 Covered Spaces 0 Foundation Details Concrete Independent Parking Spaces 0 Lot Features Sidewalk Open Parking Spaces 0 Parking Features Other Parking Total 0 Roof Bitumen Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 0 2 Bedroom Units Total 0 3 Bedroom Units Total 2 4 Bedroom Units Total 0 Commercial Units Total 3 Cooling None Heating Individual Laundry Features Washer/Dryer Hookups Studio Units Total 1

Property Features

Association Fee 0 Association YN No Auction No Availability Date 1800-01-01T00:00:00 Gross Income 243600 Property Sub Type Other Property Type Residentialincome Separate Meters ElectricityGas Sewer Public Sewer Subtype Description ApartmentsMixed Use Utilities Cable AvailableCityInternet Available Water Source Public

Listing information © 2022 Bay Area Real Estate Information Services.
Listing courtesy of Erich M Reichenbach of Marcus & Millichap.


© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Abramowicz Group | RE/MAX Gold. Data last updated: 2022-05-23T22:56:53.653.
 
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The Abramowicz Group | RE/MAX Gold
1671 E Monte Vista Rd. #208
Vacaville CA, 95688