415 Johnson Street, Sausalito, CA 94965, Sausalito, 94965 - 0 bed, 0 bath
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Sausalito, CA 94965
This four-unit Residential Income property represents a High-Potential Investment Opportunity, listed at $2,250,000—positioned above the $2,095,605 Fair Market Value. While the property requires modernization, its Fair Condition Rating is offset by a prime location featuring panoramic bay views, private laundry, and three garages. The unit mix and high rental demand in Sausalito provide a stable foundation for long-term appreciation. This asset is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking to modernize a historic 1909 multi-family building.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 415 Johnson Street Subject | $2,250,000* List Price | 0 | 0 | 2,585 | $811 | - |
A 149 Filbert Avenue Active | $1,950,000 List Price | 0 | 0 | 2,600 | $750 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1909, this multi-unit property is well-maintained but shows clear signs of age. Interior photos reveal dated parquet flooring and older wall-mounted heating units rather than modern central HVAC. The exterior decks and windows suggest the last significant updates were likely 20-30 years ago, making the units functional but in need of cosmetic and system modernization.
Situated in the heart of Sausalito, the property offers tenants immediate access to the waterfront, downtown amenities, and the San Francisco ferry, ensuring high demand and long-term appreciation.
Each of the four units features its own private laundry facilities and dedicated storage, rare and highly sought-after conveniences that command premium rental rates in the multi-family market.
The inclusion of three private one-car garages provides a significant competitive advantage in a dense coastal community where parking is limited, offering both convenience and additional income potential.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2515, other record living area = 1331.
Built in 1909, the property may require higher ongoing maintenance costs or capital improvements to address aging systems and structural elements common in century-old buildings.
With only three garages for four units, one residence lacks dedicated off-street parking, which could slightly limit its individual marketability or rental ceiling compared to the other units.
Exceptional Four-Unit Investment Opportunity in the Heart of Sausalito Ideally situated just minutes from vibrant downtown Sausalito, this well-maintained four-unit property presents an outstanding investment opportunity in one of Marin County's most desirable waterfront communities. Residents enjoy easy access to acclaimed restaurants, charming boutiques, waterfront cafes, and the picturesque promenade along the bay, where breathtaking views of the San Francisco skyline, Angel Island, and the surrounding waterfront create an extraordinary everyday setting. The property consists of three one-bedroom, one-bath residences and one spacious two-bedroom, one-bath residence, offering a desirable unit mix that appeals to a broad range of tenants. Each residence includes its own private laundry facilities and dedicated storage, providing conveniences rarely found in comparable investment properties. Further enhancing the property's appeal are three private one-car garages, adding valuable off-street parking and additional income potential. Whether commuting to San Francisco by ferry, enjoying nearby parks and waterfront walking paths, or taking advantage of Sausalito's renowned dining and shopping, tenants will appreciate the exceptional lifestyle this premier location provides. Combining a highly sought-after location, desirable amenities, and strong tenant appeal, 415 Johnson Street represents a rare opportunity to acquire a quality income property in one of the Bay Area's most iconic coastal communities.
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 | 2,585 | - |
| Lot Size | 5,702 | - |
| Price | $2.25M | $4.00M |
| Price per sq ft | $870 | $891 |
| Built year | 1909 | 0 |
| HOA | $0 | $0 |
| Days on market | 15 | 336 |
Jul 7, 2026
$2,250,000
Initial Listing
Dec 21, 2012
$750,000
Public Record