$1,280,000

About This Property

Rare income-producing Sausalito property with immediate cash flow Day 1 of $8,900/month and cap rate 6.32! Tucked on a private cul-de-sac in Marin City with expansive Richardson Bay views, this newly remodeled property generates $8,900/month in current rental income, making it ideally suited for investors, 1031 exchange buyers, or future owner-occupants. The 4-bedroom, 2-bath residence is designed on two private stories, each with a separate exterior entrance, maximizing both income and versatility. The upper level lives like a single-family home, with three bedrooms, a full bath, an office/flex space, laundry, and a sunlit wraparound deck that captures east-facing water views. The lower level is a beautifully renovated one-bedroom flat with private entry, full kitchen, in-unit laundry, and a peaceful patio perfect for continued rental income, guest use, or future in-law living. Both units were recently leased at market rates to highly qualified tenants, providing immediate, stable cash flow with the option to keep as rental property or transition to owner-occupancy as leases expire in the near term. Set on a sunny, fenced lot with garage parking, the property also offers potential for ADU development in the backyard or conversion to a short-term rental (buyer to verify), enhancing future value and income potential. Minutes from downtown Sausalito and Mill Valley, with easy access to trails, dining, and commuting options to San Francisco by car, ferry, bike, or bus. A rare Marin offering combining high immediate cash flow, lifestyle appeal, and strategic flexibility for today's buyer and tomorrow's plans.

Property Details

Listing Information

Listing Courtesy of: Yasmine McGrane — Corcoran Icon Properties
MLS# 240757872
Information is deemed reliable but not guaranteed. Posted under reciprocity agreement, BAREIS MLS.