Sold
Closed
40 Princess St
Sausalito CA, 94965
$3,000,000
$750.00 per sqft
Sold
Closed
4 Baths
4,000 sqft
Other
Built in 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.
322022022
MLSⓇ ID
March 15, 2022
Listed
October 2, 2024
Updated
Map
40 Princess St
Sausalito CA, 94965
Interior Features
Total Stories
0
Total Bathrooms
4
Full Bathrooms
4
Laundry Description
Washer/Dryer Hookups
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Individual
Exterior/Building Features
Lot Size
0.08 Acres
Exterior Features
Sidewalk
Lot Features
Sidewalk
Architectual Style
Victorian
Roof
Bitumen
Sewer
Public Sewer
Other Property Details
Area Name
Sausalito
Garage
No
Parking
Other
View
No
County
Marin
Water Source
Public
Pool
No
Bought with John A Warner with John Warner, Broker and Listed by Erich M Reichenbach with Marcus & Millichap
Listing Contact:
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