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715 Drake Avenue, Sausalito, CA 94965, Sausalito, 94965 - 2 bed, 1 bath

715 Drake Avenue, Sausalito, CA 94965 home-pic-0
ACTIVE$385,000$936/sqft
715 Drake Avenue, Sausalito, CA 94965
2Beds
1Bath
936Sqft
76,186Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Prime Location & Accessibility: Situated in a highly desirable Sausalito hilltop setting, offering excellent commuter convenience with quick access to Hwy 101, downtown Sausalito, San Francisco, and proximity to beaches, parks, trails, and shopping.
Top Cons:
Stock Cooperative Ownership Structure: The property is a Stock Cooperative, which can involve a more complex ownership structure, potentially impacting financing options, resale processes, and requiring board approval for transactions.

Compared to the nearby listings

Compared against 0 nearby listings

More Insights

Built in 1964 (62 years old).
Condition: Built in 1964, the property has received recent cosmetic updates like fresh paint and wood-like laminate flooring. However, the kitchen features older white appliances and basic wood cabinets, and the bathroom has dated tilework, suggesting these areas were last renovated 15-30 years ago. While functional and clean, they show signs of being outdated and would benefit from minor to moderate updates to align with modern styles.
Year Built
1964
Close
-
List price
$385K
Original List price
-
Price/Sqft
$411
HOA
$742
Days on market
-
Sold On
-
MLS number
325098858
Home ConditionFair
Features
Good View:
Deck
View-

About this home

Discover a rare chance to own a top-floor Sausalito condo with exceptional rental potential. Whether you're an investor or a buyer seeking long-term upside, this unit delivers unbeatable value in one of Marin's most desirable locations. This bright, open-layout condo features abundant natural light, updated wood-like laminate flooring, fresh paint, and a functional galley kitchen. Enjoy peaceful hill views from your private deck the perfect place to unwind. What makes this property stand out is its strong income opportunity. Sausalito's high demand for rentals, combined with its unmatched commuter convenience, makes this an ideal investment property. Renters will love the quiet hilltop setting just minutes from beaches, parks, trails, premier shopping, public transportation, and quick access to Hwy 101, downtown Sausalito, and San Francisco. Turn-key, low-maintenance, and located in a high-demand market, this condo offers the perfect blend of location, lifestyle, and investment potential. At this price point, opportunities like this simply don't come around often. Your next smart investment is here.

J
Joubert Caston
Listing Agent
Condition Rating
Fair
Built in 1964, the property has received recent cosmetic updates like fresh paint and wood-like laminate flooring. However, the kitchen features older white appliances and basic wood cabinets, and the bathroom has dated tilework, suggesting these areas were last renovated 15-30 years ago. While functional and clean, they show signs of being outdated and would benefit from minor to moderate updates to align with modern styles.
Pros & Cons

Pros

Prime Location & Accessibility: Situated in a highly desirable Sausalito hilltop setting, offering excellent commuter convenience with quick access to Hwy 101, downtown Sausalito, San Francisco, and proximity to beaches, parks, trails, and shopping.
Strong Investment & Rental Income Potential: Positioned as a rare opportunity for investors or buyers seeking long-term upside, boasting exceptional rental potential in Sausalito's high-demand market.
Updated & Bright Interior: Features an open-layout with abundant natural light, updated wood-like laminate flooring, and fresh paint, contributing to a modern and inviting living space.
Private Outdoor Space with Views: Includes a private deck offering peaceful hill views, providing a dedicated outdoor area for relaxation.
Turn-Key & Low Maintenance: Described as a turn-key property, suggesting minimal immediate upkeep, appealing to both owner-occupants and investors.

Cons

Stock Cooperative Ownership Structure: The property is a Stock Cooperative, which can involve a more complex ownership structure, potentially impacting financing options, resale processes, and requiring board approval for transactions.
High Monthly Association Fee: A significant monthly association fee of $742 adds a substantial ongoing cost to ownership, which may deter some buyers.
Limited Bathroom Count & Galley Kitchen: The unit features only one bathroom for two bedrooms, which can be inconvenient, and a 'functional galley kitchen' which may imply a smaller or less modern layout compared to contemporary preferences.
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