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Listed by Erich M Reichenbach • Marcus & Millichap Real Estate Investment Services, Inc.
$ 1,900,000
Est. payment /mo
Active
138 Buchanan DR Sausalito, CA 94965
3,300 Beds
4 Baths
3,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $633
MLS Listing ID 325074416
Bedrooms 3300
Construction Status Fixer,Original
HOA Y/N No
Year Built 1960
Lot Size 5,314 Sqft
Property Sub-Type Duplex
Property Description
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.
Location
State CA
County Marin
Area Sausalito
Interior
Heating Central
Cooling None
Exterior
Parking Features Carport
Garage Spaces 2.0
Building
Sewer Public Sewer
Water Public
Construction Status Fixer,Original
Others
Special Listing Condition Offer As Is
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