40 Princess Street

Sausalito, CA, 94965

$3,875,000

$968 per ft²
$3,875,000
$968 per ft²
Active
Active
 - For Sale
carpenters-square
4,000 ft²
property_type
Multi-family
calendar
Built 1920
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.
MLS® ID:
322022022
Updated:
5/27/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Washer/Dryer Hookups
Cooling
None
Heating
Individual

Exterior/Building Features

Lot Size
3,489 ft² lot
Exterior Features
Sidewalk
Architectural Style
Victorian
Lot Details
Sidewalk
Roof
Bitumen
Sewer
Public Sewer

Other Property Details

Area Name
Sausalito
Attached Garage
No
Parking
Other
View
N
County
Marin
Utilities
Cable Available, City, Internet Available
Water Source
Public
Pool
No

Listed by Erich Reichenbach, Marcus & Millichap

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Paul O Neil shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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