Seller's Agent in 2025
Erich Reichenbach
Marcus & Millichap Real Estate
(415) 625-2146
2 in this area
13 Total Sales
138 Buchanan Dr Sausalito, CA 94965
6
Beds
6
Baths
3,000
Sq Ft
5,314
Sq Ft Lot
Highlights
- Bay View
- Central Heating
- 5-minute walk to Martin Luther King Jr Park
- Tamalpais High School Rated A
About This Home
As of November 2025**NEW PRICING** The subject property offers a compelling value-add opportunity in the heart of Sausalito, one of the Bay Area's most supply-constrained and prestigious rental submarkets. Built in 1960 and situated on a 0.12-acre parcel, this two-unit property consists of spacious 3-bedroom, 2-bathroom floor plans with private outdoor spaces, on-site laundry, and off-street parking. The units offer significant upside through cosmetic and systems upgrades, interior renovations, and common area enhancements. The property is ideally suited for repositioning, capital improvements could command premium market rents in a high-demand tenant pool seeking updated housing in this prime hillside location. In addition, the lot may support the development of an Accessory Dwelling Unit (ADU), subject to local approvalsoffering further long-term income potential. There are excellent views from both units and all units have fireplaces. 138-140 Buchanan is located on a 5,227 square foot lot, with approximately. 3,000 square feet of living space. Buchanan Drive provides both value-add multifamily buyers and contractors an excellent opportunity to upgrade a duplex in Sausalito, one of Marin County's best neighborhoods.
Last Agent to Sell the Property
Marcus & Millichap Real Estate License #01860626 Listed on: 08/18/2025
Property Details
Home Type
- Condominium
Year Built
- Built in 1960
Property Views
- Bay
- Mount Tamalpais
Home Design
- Fixer Upper
Interior Spaces
- 6 Bedrooms
- 3,000 Sq Ft Home
- 2-Story Property
- Laundry in unit
Parking
- 2 Parking Spaces
- Carport
Utilities
- No Cooling
- Central Heating
Community Details
- 2 Units
- Gross Income $146,400
Listing and Financial Details
- Assessor Parcel Number 064-302-11
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/19/2025 11/19/25 | Sold | $1,487,500 | -12.2% | $496 / Sq Ft |
| 10/17/2025 10/17/25 | Pending | -- | -- | -- |
| 09/22/2025 09/22/25 | Price Changed | $1,695,000 | -10.8% | $565 / Sq Ft |
| 08/18/2025 08/18/25 | For Sale | $1,900,000 | -- | $633 / Sq Ft |
Source: Bay Area Real Estate Information Services (BAREIS)
Agents Affiliated with this Home
-
Erich Reichenbach
-
Arezou Shadabadi
Buyer's Agent in 2025
Arezou Shadabadi
Engel & Voelkers San Francisco
(619) 971-4474
1 in this area
9 Total Sales
Map
Source: Bay Area Real Estate Information Services (BAREIS)
MLS Number: 325074416
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information deemed reliable but not guaranteed. Copyright 2026 Bay Area Real Estate Information Services, Inc. All Right Reserved.
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