Movoto Real Estate
Sold on 09/08/2022
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40 Princess St, Sausalito, CA 94965

  • $2,993,357

    Last sold 09/08/2022 for $3M

  • 6

    bed

  • 4

    bath

  • 4,000

    Sqft ($750/Sqft)

Multi-family not for sale
Movoto is helping 6 homebuyers near you

About 40 Princess St

Property type Multi-family
Neighborhood
Year built 1920
HOA fee $0/month
Lot size 3,489 Sqft
Movoto estimate
Property 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 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
Listing Agent - Erich M Reichenbach
Listing Office - Marcus & Millichap Real Estate Investment Services, Inc.
Source: BAREIS mls logo
MLS#322022022 • last updated 2 years ago
Movoto checked BAREIS for data 2 minutes ago
Overview
Cooling/AC None
Heating Individual
Levels/Style 0, Victorian
SqFt 4000
SubType Other
Type Residential Income
Year Built 1920
MLS # 322022022
Status Closed
On Market Date 2022-03-15
Lot Size (Acres) 0.0801
Lot Size (SqFt) 3489
Interior
Laundry Washer/Dryer Hookups
Exterior
Foundation Concrete
Roof Bitumen
Parking Other
Lot Desc Sidewalk
Amenities / Utilities
Water Source Public
Utilities Cable Available, City, Internet Available
Sewer/ Septic Public Sewer
Location
Area Sausalito
County Marin
APN 065-131-15
Multifamily Details
Unit 2: # Bedrooms 3
Unit 2: # Full Bathrooms 2
Unit 2: # of Rooms 7
Unit 1 Pro Forma
Unit 1: # Full Bathrooms 2
Unit 2 Pro Forma
Unit 1: # Bedrooms 3
Unit 1: # of Rooms 7
# of Units 6
# of 3-Bedroom Units 2
# of Studio Units 1
Total # of Buildings 1
Separate Meters Electricity, Gas
Gross Rent Multiplier 15.9
Gross Scheduled Income $ 243600
Cap Rate 4.6
$2.99M
Range: $2.69M-$3.29M
Last 30 days 
  • 40 Princess St
    $3M
  • The Hill
    $4.89M +44% y/y
  • 94965
    $935K -37% y/y
  • Sausalito
    $935K -42% y/y
No chart available
Statistics calculated by Movoto

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9/10
Source: GreatSchools.org © 2026. All rights reserved.

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