$3,000,000
$3,875,000
22.6%For more information regarding the value of a property, please contact us for a free consultation.
40 Princess ST Sausalito, CA 94965
4,000 SqFt
Key Details
Sold Price $3,000,000
Property Type Multi-Family
Sub Type Multi Family
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
Style Victorian
HOA Y/N No
Year Built 1920
Lot Size 3,489 Sqft
Acres 0.0801
Property Sub-Type Multi Family
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
Rooms
Basement Apartment
Interior
Heating Individual
Cooling None
Laundry Washer/Dryer Hookups
Exterior
Utilities Available Cable Available, City, Internet Available
Waterfront Description Public
View Bay, Bay Bridge, Bridge(s), City, Downtown, San Francisco
Roof Type Bitumen
Private Pool No
Building
Lot Description Sidewalk
Foundation Concrete
Sewer Public Sewer
Water Public
Architectural Style Victorian
Others
Tax ID 06513115
Financing Other
Special Listing Condition Offer As Is
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