Sausalito, CA 94965,40 Princess ST
Listed by Erich M Reichenbach • Marcus & Millichap
Bought with John A Warner • John Warner, Broker
$3,000,000
$3,875,000
22.6%
Est.Price: ?

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3,300 BD
4 BA
4,000 SqFt

40 Princess ST Sausalito, CA 94965

Est. payment /mo
SOLD DATE : 09/13/2022

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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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Deanna Deckard

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+1(707) 718-7757

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