307 North Street, Sausalito, CA 94965, Sausalito, 94965 - 6 bed, 5 bath
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Sausalito, CA 94965
This versatile triplex represents a Prime Investment Opportunity, listed at a List Price of $5,000,000—positioned well below the $5,134,748 Fair Market Value by 2%. This valuation gap provides $134,748 in Instant Equity. With an Excellent Condition Rating and $18,000 in monthly rental income, the property features panoramic Bay views and modern updates. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a luxury Sausalito residence with significant income-offsetting potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 307 North Street Subject | $5,000,000* List Price | 6 | 5 | 3,730 | $1,377 | - |
A 39 Cooper Lane Sold | $4,350,000 | 4 | 4 | 3,003 | $1,449 | 0.2 mi |
B 50 Cable Roadway Sold | $4,850,000 | 4 | 5 | 3,388 | $1,432 | 0.3 mi |
C 4 Bulkley Avenue Sold | $4,630,500 | 5 | 5 | 3,024 | $1,531 | 0.2 mi |
D 137 Crescent Avenue Active | $5,180,000 List Price | 4 | 4 | 3,924 | $1,320 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1928, the property was extensively updated starting in 2019 (within the 5-year reno window). Images show high-end modern kitchens with premium appliances, contemporary finishes, and 'spa-like' bathrooms. The property is in mint condition and move-in ready.
This versatile triplex generates a substantial $18,000 in total monthly rental income, offering a rare opportunity for an owner-user to live in luxury while significantly offsetting their mortgage.
The property features breathtaking panoramic vistas of the San Francisco skyline and the Bay, perfectly situated within walking distance of the Sausalito Ferry and downtown.
Extensively updated since 2019, this 1928 Mediterranean-inspired gem combines timeless architectural elegance with contemporary finishes and structural peace of mind.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3730, other record living area = 3782.
At a $5 million price point, the property represents a significant capital investment that may result in a lower capitalization rate for pure investors compared to other markets.
The 1928 hillside construction and terraced garden levels may require specialized ongoing maintenance typical of historic Sausalito properties to manage drainage and structural integrity.
Rare opportunity to own a Mediterranean-inspired gem in Sausalito with breathtaking views and an unbeatable location! Perched above the Golden Gate Market near the 2nd Street garden stairs, this stunning triplex offers panoramic vistas of hillside homes, the Bay, and the San Francisco skyline. Just moments from the Ferry and Sausalito's charming downtown, this property delivers vacation vibes every day.Perfect for investors or those seeking flexibility, the options are endless: live in luxury while earning income from the other two units, host extended family or guests, or create dedicated office spaces. There's even potential to reimagine it as a family compound or a single-family estate.The primary residence spans approximately 2,230 sq. ft. across two levels (currently rented for $10,000/month). The first floor boasts open living and dining spaces, a deck, a bedroom, and level access from a two-car garage. Upstairs, the primary suite features a fireplace, spa-like bath, office/additional bedroom, and a large deck with sweeping views.The garden-level 2BR/2BA unit (approx. 950 sq. ft., rented for $4,500/month) includes a private deck and terraced yard access. The street-level 1BR/1BA unit (approx. 600 sq. ft., rented for $3,500/month) offers high ceilings, a new kitchen/bath, and its own deck with stunning views.Extensively updated since 2019, this property combines modern comfort with timeless elegance. Don't miss this rare Sausalito treasure!
No exterior & parking available.
Grades K-8 • 2.3 mi
Grades K-8 • 2.3 mi
Grades 9-12 • 3.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 89% |
| Baths | 5.0 | 4.0 | 78% |
| Square foot | 3,730 | 2,222 | 89% |
| Lot Size | 5,502 | 5,602 | 33% |
| Price | $5.00M | $2.65M | 89% |
| Price per sq ft | $1.3K | $1.3K | 50% |
| Built year | 1928 | 1948 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 17 | 143 | 11% |
May 20, 2026
$5,000,000
Initial Listing
Dec 10, 2019
$4,000,000
Public Record
Aug 3, 2010
$2,792,500
Public Record
Jun 15, 2004
$2,660,000
Public Record
May 15, 1998
$1,535,000
Public Record