40 Princess Street

Sausalito, CA 94965

$3,000,000
Last Sold Price
6
Beds
4
Baths
4,000 Sq. Ft.
$750 / Sq. Ft.
4,000
Sq. Ft.
$750
per Sq. Ft.

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...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.
  1. Listed by Erich M Reichenbach • DRE #01860626 • Brokerage DRE #00662084 • Marcus & Millichap

Property Details for 40 Princess Street

Architectural Style
Victorian
View Description
Bay, Bay Bridge, Bridges, City, Downtown, San Francisco
Cross Street
Bridgewy
Total Parking Spaces
0

Location

Listing Courtesy of Marcus & Millichap, Erich M Reichenbach, DRE #01860626

Sold By John Warner, Broker, John A Warner

Add your commute
LISTING UPDATED: 10/13/2023 12:07 AM

Property Details for 40 Princess Street

StatusClosed
MLS #322022022
Days on Compass63
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Other
Year Built1920
Lot Size0.08 AC / 3,489 SF
CountyMarin County

Location

Listing Courtesy of Marcus & Millichap, Erich M Reichenbach, DRE #01860626

Sold By John Warner, Broker, John A Warner

Add your commute

Building Information for 40 Princess Street

Stories-Residences-Year Built1920Building Size-Lot Size0.08 AC / 3,489 SF

Payment Calculator

$19,944 per month

30 year fixed, 7.25% Interest

Principal and Interest

$16,372

Property Taxes

$3,572

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 40 Princess Street

Summary
Location and General Information
  • Area/District: Sausalito
  • Area Short Display: A2400
  • Directions to Property: Bridgeway to Princess Street
  • Area Long Display: Sausalito
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 065-131-15
  • City Transfer Tax Rate: .00%
  • County Transfer Tax Rate: .00%
Parking
  • Parking Features: Other
  • Carport Spaces: 0
  • Garage Spaces: 0
  • Open Parking Spaces: 0
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 4000.0
  • Square Footage Source: Owner
  • Year Built Source: Assessor Agent-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 3489.0
  • Lot Features: Sidewalk
Property and Assessments
  • Buyer Financing: Other
  • Picture Count: 40
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Any offer of compensation is made exclusively to Broker Participants of the MLS where the subject listing is filed.<BR> Copyright &copy; 2023 Bay Area Real Estate Information Services, Inc. All rights reserved.<BR>Copyright</A> &copy;2023 <A name="trans">Rapattoni Corporation. All rights reserved.</A><BR>U.S. Patent 6,910,045
  • Construction Materials: Wood Siding
  • Actual or Scheduled: Scheduled
  • Gross Rent Multiplier: 15.9
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
  • Separate Meters: Electricity, Gas
  • Utilities: Cable Available, City, Internet Available
Interior and Exterior Features
Exterior Features
  • Foundation: Concrete
  • Stories: 3
  • Levels: Four
  • Roof: Bitumen
  • # of Floors: 0
Interior Features
  • Heating: Individual
  • Cooling: None
  • Basement: Apartment In Basement
  • Laundry Features: Washer/Dryer Hookups
  • # 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: $243,600.00
Multi-Family Information
  • # Commercial Units: 3
  • # Of Buildings: 1
  • # Of Units Total: 6
  • # of Studio Units: 1
  • # Studios Occupied: 0
Unit 1
  • Unit 1 Bedrooms: 3
  • Unit 1 Description: Pro forma
  • Unit 1 Full Baths: 2
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 7
  • Unit 1 Approx SqFt: 1200
  • Unit 1 Type: Flat
Unit 2
  • Unit 2 Bedrooms: 3
  • Unit 2 Description: Pro Forma
  • Unit 2 Full Baths: 2
  • Unit 2 SqFt Source: Not Measured
  • Unit 2 # of Rooms: 7
  • Unit 2 Approx SqFt: 1200
  • 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 40 Princess Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 40 Princess Street

Taxable ValueLand$523,500Additions$2,476,500Total$3,000,000
Tax Record2023$42,866 ($3,572 / month)
Home Facts
Total Finished SqFt3,610 SqFtAbove Grade Finished SqFt3,610 SqFtLot Size3,490 SqFtStyleMiscellaneous CommercialYear Built1920CountyMARINAPN065-131-15

Schools near 40 Princess Street

This home is within Tamalpais Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 10 to 12
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

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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, 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.