2 Lower Crescent Avenue, Sausalito, CA 94965, Sausalito, 94965 - 0 bed, 0 bath
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Sausalito, CA 94965
This Triplex Residential Income property is a Strong Value Opportunity, listed at $2,795,000—positioned well below the $2,992,566 Fair Market Value by 6%. This valuation gap offers $197,566 in Instant Equity. Featuring a Condition Rating of 3, the property includes a Granite Kitchen and sweeping Bay Views. Its versatile layout provides significant rental income potential in a prime location. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a high-yield asset in Sausalito.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2 Lower Crescent Avenue Subject | $2,795,000* List Price | 0 | 0 | 3,515 | $836 | - |
A 158 Edwards Avenue Active | $2,750,000 List Price | 0 | 0 | 2,716 | $1,013 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Despite the 1906 build date, the property has been well-maintained and updated. The kitchen features granite countertops and white cabinetry consistent with a 15-20 year old renovation. The interiors show clean hardwood floors and functional spaces, while the exterior masonry and landscaping are in excellent shape, making it move-in ready.
Situated in a highly coveted Old Town Sausalito setting, the property offers exceptional walkability to downtown shops, fine dining, and the waterfront, maximizing lifestyle appeal.
The residence features breathtaking, sweeping views of Alcatraz, Angel Island, and the San Francisco Bay, providing a premium visual experience that significantly enhances market value.
This triplex configuration offers rare flexibility, serving as either a high-end multi-unit investment or an owner-occupied residence with substantial supplemental rental income.
Originally built in 1906, the property may require significant ongoing capital improvements and specialized maintenance typical of century-old Mediterranean structures.
The relatively modest 5,079 sqft lot for a multi-unit building in a hillside area may result in limited private outdoor space and challenging parking options.
Perched high above old town Sausalito in one of the most coveted settings, 2 Lower Crescent presents a rare opportunity to own a treasured triplex with breathtaking views, timeless architecture, and exceptional versatility. Whether sought as an owner-occupied residence with supplemental income or as a premier investment property, this distinctive offering embodies the very best of Sausalito living. Showcasing classic Mediterranean architecture enhanced by thoughtful design elements, the property enjoys sweeping views of Alcatraz, Angel Island, and the Bay. Sundrenched terraces, lush gardens, bubbling fountain and enchanting outdoor spaces create an element reminiscent of a Mediterranean retreat. Walk to downtown Sausalito in only minutes with shops, fine dining and the bay. Experience the Sausalito lifestyle and all that this exquisite property have to offer.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 3,515 | - |
| Lot Size | 5,079 | - |
| Price | $2.79M | $4.00M |
| Price per sq ft | $795 | $891 |
| Built year | 1906 | 0 |
| HOA | $0 | $0 |
| Days on market | 47 | 336 |
Jun 5, 2026
$2,795,000
Initial Listing
Jul 24, 2019
$2,550,000
Public Record
Mar 27, 2018
$2,500,000
Public Record
Jul 5, 1996
$570,000
Public Record