Bought with John A Warner • John Warner, Broker
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40 Princess ST Sausalito, CA 94965
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Key Details
Sold Price $3,000,000
Property Type Multi-Family
Sub Type Other
Listing Status Sold
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $750
MLS Listing ID 322022022
Sold Date 09/13/22
Bedrooms 3300
HOA Y/N No
Year Built 1920
Lot Size 3,489 Sqft
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.
Location
State CA
County Marin
Area Sausalito
Interior
Heating Individual
Cooling None
Exterior
Garage Other
Utilities Available Cable Available, City, Internet Available
Roof Type Bitumen
Building
Foundation Concrete
Sewer Public Sewer
Water Public
Architectural Style Victorian
Others
Special Listing Condition Offer As Is
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