40 Princess Street
40 Princess Street
$3,000,000
6
4
4,000
4,000
$750
Closed 9/13/22
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.
- Listed by Erich M Reichenbach • DRE #01860626 • Brokerage DRE #00662084 • Marcus & Millichap
Property Details for 40 Princess Street
Architectural Style
Victorian
View DescriptionBay, Bay Bridge, Bridges, City, Downtown, San Francisco
Cross StreetBridgewy
Total Parking Spaces0
Location
LISTING UPDATED: 10/13/2023 12:07 AM
Property Details for 40 Princess Street
Status | Closed |
---|---|
MLS # | 322022022 |
Days on Compass | 63 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income / Other |
Year Built | 1920 |
Lot Size | 0.08 AC / 3,489 SF |
County | Marin County |
Location
Building Information for 40 Princess Street
Stories-Residences-Year Built1920Building Size-Lot Size0.08 AC / 3,489 SF
Payment Calculator
$19,944 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 40 Princess Street
Property History for 40 Princess Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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.
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