NOT LISTED FOR SALE

105 3rd St Sausalito, CA 94965

5 Beds
6 Baths
3,820 Sq Ft
3,615 Sq Ft Lot

Last Sold November 15, 2024

Last sale price $2,500,000 $654 Per Sq Ft

26 Days on Market

Highlights

  • Fireplace
  • Ceiling Fan
  • 3-minute walk to South View Park
  • Tamalpais High School Rated A

About This Home

As of November 2024

Massive Price Reduction! CBRE, as the exclusive listing agent, is pleased to offer for sale 105 3rd St (the Property) comprised of 4 units in Sausalito, California. The Property is located in the heart of the most desired Marin County community with convenient access to transit and walking distance to Bridgeway which has Sausalito's most coveted eateries and shopping. The Property offers an investor the rare opportunity to purchase a 4-unit apartment with a vacant owner's unit at roughly 1,561 SF The investment appeal of the Property is driven by the premier Sausalito location and significant rental upside. Long term ownership has recently moved on from the owners unit allowing flexibility for owner-occupied. Additionally, pride of ownership has done significant amount of refurbishing and updates to the property.

Last Agent to Sell the Property

Jefrey Henderson

Jefrey Henderson, Broker License #01483399 Listed on: 09/04/2024

Last Buyer's Agent

Jefrey Henderson

Jefrey Henderson, Broker License #01483399 Listed on: 09/04/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • 1955

Lot Details

  • 3,615 Sq Ft Lot

Parking

  • 1 Car Garage
  • On-Street Parking

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Composition Roof

Interior Spaces

  • 3,820 Sq Ft Home
  • Ceiling Fan
  • Fireplace

Utilities

  • Wall Furnace
  • Separate Meters

Listing and Financial Details

  • Total Actual Rent $153,390

Community Details

Overview

Building Details

  • 3 Leased Units
  • Insurance Expense $6,800
  • Maintenance Expense $2,000
  • Utility Expense $3,500
  • Trash Expense $500
  • Operating Expense $50,800
  • Gross Income $150,322

Property Details

Home Type

Multi-Family

Year Built

1955

Lot Details

0

Parking

1

Listing Details

  • Zoning: N/A
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3820
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1955

Interior Features

  • Living Sq Ft: 3820

Exterior Features

  • Foundation: Wood Frame
  • Roof: Composition

Garage/Parking

  • Garage Spaces: 1
  • Garage Parking Features: On Street

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Fireplace, Wall Furnace
  • Sewer/Septic System: Sewer Connected

Lot Info

  • Lot Acres: 0.0830
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3614.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3614.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 17.93
  • Number Of Leased: 3

Multi Family

  • Utilities: Individual Electric Meters
  • Expense Insurance: 6800
  • Expense Maintenance: 2000
  • Expenses Total: 50800
  • Expenses Utility: 3500
  • Expense Trash: 500
  • Income Annual Gross: 150322.00
  • Income Annual Rental: 153390
  • Income Gross Scheduled: 153390
  • Meters: Separate Electric
  • Number Of Buildings: 1
  • Operating Expenses Include: Maintenance, Utilities - Water
  • Tenant Expenses: Utilities - Electric
  • Vacancy Factor: 2
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2024 11/15/24 Sold $2,500,000 -9.1% $654 / Sq Ft
10/01/2024 10/01/24 Pending -- -- --
09/27/2024 09/27/24 Price Changed $2,750,000 -11.3% $720 / Sq Ft
09/04/2024 09/04/24 For Sale $3,100,000 -- $812 / Sq Ft
Source: MLSListings

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $36,256 $2,500,000 $1,050,000 $1,450,000
2024 $27,254 $1,811,400 $750,000 $1,061,400
2023 $8,890 $221,508 $82,476 $139,032
2022 $8,593 $217,136 $80,846 $136,290
2021 $8,356 $212,879 $79,261 $133,618
2020 $8,200 $210,696 $78,448 $132,248
2019 $7,699 $206,565 $76,910 $129,655
2018 $6,888 $202,515 $75,402 $127,113
2017 $6,716 $198,546 $73,924 $124,622
2016 $6,465 $194,653 $72,475 $122,178
2015 $6,477 $191,729 $71,386 $120,343
2014 $6,185 $187,974 $69,988 $117,986
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81978950

MLSListings

APN: 065-264-06