138 Buchanan Dr

Sausalito, CA 94965

$1,487,500
Last Sold Price
6
Beds
3,000 Sq. Ft.
$496 / Sq. Ft.
3,000
Sq. Ft.
$496
per Sq. Ft.
Closed 11/19/25
Closed 11/19/25
a view of a house with a backyard

Description

New pricing The subject property offers a compelling value-add opportunity in the heart of Sausalito, one of the Bay Area's most supply-constrained and prestigious rental submarkets. Built in 1960 and situated on a 0.12-acre parcel, this two-unit property consists of spacious 3-bedroom, 2-bathroom floor plans with private outdoor spaces, on-site laundry, and off-street parking. The units offer significant upside through cosmetic and systems upgrades, interior renovations, and common area enhancements....New pricing The subject property offers a compelling value-add opportunity in the heart of Sausalito, one of the Bay Area's most supply-constrained and prestigious rental submarkets. Built in 1960 and situated on a 0.12-acre parcel, this two-unit property consists of spacious 3-bedroom, 2-bathroom floor plans with private outdoor spaces, on-site laundry, and off-street parking. The units offer significant upside through cosmetic and systems upgrades, interior renovations, and common area enhancements. The property is ideally suited for repositioning, capital improvements could command premium market rents in a high-demand tenant pool seeking updated housing in this prime hillside location. In addition, the lot may support the development of an Accessory Dwelling Unit (ADU), subject to local approvalsoffering further long-term income potential. There are excellent views from both units and all units have fireplaces. 138-140 Buchanan is located on a 5,227 square foot lot, with approximately. 3,000 square feet of living space. Buchanan Drive provides both value-add multifamily buyers and contractors an excellent opportunity to upgrade a duplex in Sausalito, one of Marin County's best neighborhoods.
  1. Listed by Erich M Reichenbach • DRE #01860626 • Brokerage DRE #00530854 • Marcus & Millichap Real Estate Investment Services, Inc.

Property Details for 138 Buchanan Drive

View Description
Bay, Mt Tamalpais, Water
Cross Street
Lincoln Dr
Total Parking Spaces
2
LISTING UPDATED: 11/24/2025 12:29 PM

Property Details for 138 Buchanan Drive

StatusClosed
MLS #325074416
Days on Compass60
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1960
Lot Size0.12 AC / 5,314 SF
CountyMarin County

Location

Listing Courtesy of Marcus & Millichap Real Estate Investment Services, Inc., Erich M Reichenbach, DRE #01860626

Sold By Engel & Voelkers San Francisco, Arezou Shadabadi

Add your commute

Building Information for 138 Buchanan Drive

Stories-Residences-Year Built1960Building Size-Lot Size0.12 AC / 5,314 SF

Payment Calculator

$7,250 per month

30 year fixed, 6.15% Interest

Principal and Interest

$7,250

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 138 Buchanan Drive

Summary
Location and General Information
  • Area/District: Sausalito
  • Area Short Display: A2400
  • Directions to Property: Lincoln Drive to Buchanan Dr
  • Area Long Display: Sausalito
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 064-302-11
Parking
  • Parking Features: Carport
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Open Parking Spaces: 0
  • Covered Spaces: 2
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 3000.0
  • Square Footage Source: Not Verified
  • Year Built Source: Other
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 5314.0
  • Lot Features: Shape Regular
  • Property Condition: Fixer,Original
Property and Assessments
  • Buyer Financing: Cash (No Loan)
  • Picture Count: 0
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
  • Actual or Scheduled: Scheduled
  • Gross Rent Multiplier: 11.5
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
Interior and Exterior Features
Exterior Features
  • Levels: Two
  • # of Floors: 0
Interior Features
  • Heating: Central
  • Cooling: None
  • Laundry Features: In Each Unit
  • # of Guest Space(s): 0
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Rent Range: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Rent Range: 0
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 2
  • 3 Bedroom Rent Range: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $146,400.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 1
  • # Of Units Total: 2
  • # of Studio Units: 0
  • # Studios Occupied: 0
Unit 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Description: 3 bedroom 2 bath unit
  • Unit 1 Full Baths: 2
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 7
  • Unit 1 Approx SqFt: 1500
  • Unit 1 Type: Flat
Unit 2
  • Unit 2 Bedrooms: 3
  • Unit 2 Description: 3 bedroom 2 bath
  • Unit 2 Full Baths: 2
  • Unit 2 # of Rooms: 7
  • Unit 2 Approx SqFt: 1500
  • Unit 2 Type: Flat
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 0
  • Unit 3 Approx SqFt: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 0
  • Unit 4 Approx SqFt: 0

Property History for 138 Buchanan Drive

DateEvent & SourcePriceAppreciation
Nov 19, 2025

Sold

REBAREIS #325074416

$1,487,500—
Oct 17, 2025

Pending

REBAREIS #325074416

—
Sep 22, 2025

Price Change

REBAREIS #325074416

$1,695,000—
Aug 18, 2025

Listed (Active)

REBAREIS #325074416

$1,900,000—
DateEvent & SourcePrice
11/19/2025

Sold

REBAREIS #325074416

$1,487,500
10/17/2025

Pending

REBAREIS #325074416

—
09/22/2025

Price Change

REBAREIS #325074416

$1,695,000
08/18/2025

Listed (Active)

REBAREIS #325074416

$1,900,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 138 Buchanan Drive

This home is within Tamalpais Union High School District.
Rating
School
Type
Grades
Distance
Dr. Martin Luther King Jr. Academy
Public - K to 8
Tamalpais High School
Public - 9 to 12
San Andreas High (Continuation) School
Public - 10 to 12
Tamiscal High (Alternative) School
Public - 9 to 12
Rating
School
Distance
Dr. Martin Luther King Jr. Academy
PublicK to 8

Tamalpais High School
Public9 to 12

San Andreas High (Continuation) School
Public10 to 12

Tamiscal High (Alternative) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

Explore Nearby Homes

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap Real Estate Investment Services, Inc., Erich M Reichenbach, DRE #01860626

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.