$3,000,000

40 Varda Landing Rd Sausalito, CA 94965

Estimated payment $18,235/month

9 Beds
10 Baths
5,939 Sq Ft
$505 Price per Sq Ft

Highlights

  • Marina View
  • Deck
  • Wood Siding
  • Tamalpais High School Rated A
  • Contemporary Architecture
  • 4-minute walk to Remington Dog Park

About This Home

A rare opportunity to own a piece of Sausalito's storied waterfront. 40 Varda Landing Road is a unique building perfectly situated near the water's edge. It features 6 units, 3 of which capture the essence of coastal living with sweeping views of Belvedere Island, the famed Vallejo Ferry boat where Jean Varda once lived, and the sparkling San Francisco Bay. Just steps from Sausalito's vibrant dining scene, ferry access, and convenient transportation options. Adjacent to the iconic floating home community, this property offers both character and incredible upside potential.Ideal for investors, creatives, or even an emerging AI start-up seeking an inspiring waterfront workspace with quick access to San Francisco. With its rich history and unbeatable location, 40 Varda Landing represents a truly unique opportunity in one of Marin County's most desirable enclaves. Each unit is charming and very desirable. The tenants love living here.

Listing Agent

Michele Affronte

Engel & Völkers License #00959293 Listed on: 10/16/2025

Engel & Völkers

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $28,529

Year Built

  • Built in 1943

Property Views

  • Marina
  • Bay
  • Hills

Home Design

  • Contemporary Architecture
  • Mixed Use
  • Concrete Foundation
  • Raised Foundation
  • Tar and Gravel Roof
  • Wood Siding

Interior Spaces

  • 9 Bedrooms
  • 5,939 Sq Ft Home
  • 2-Story Property

Parking

  • 12 Parking Spaces
  • Uncovered Parking
  • Off-Street Parking

Utilities

  • No Cooling
  • Natural Gas Connected
  • Internet Available

Additional Features

  • Deck
  • 8,799 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 063-010-09

Community Details

Overview

  • 6 Units
  • Varda Landing Subdivision

Building Details

  • Gross Income $299,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$28,529

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Mixed Use
  • Directions To Property: Bridgeway to Gate 5 Road turn at Varda Landing sign.
  • Lot Size Acres: 0.2020
  • CapRate: 4.00
  • Levels: Two
  • Actual or Scheduled: Scheduled
  • ArchitecturalStyle: Contemporary
  • Reso Window Features: Varies By Unit
  • Special Features: None

Interior Features

  • Appliances: Varies By Unit
  • Flooring: Varies By Unit
  • Square Footage: 5939.00
  • NumberOfBuildings: 1

Exterior Features

  • Construction Materials: Wood, Wood Siding
  • Foundation: Concrete Perimeter, Raised, Other
  • Lot Features: Other
  • Property Condition: Varies By Unit
  • Roof: Tar/Gravel
  • Patio And Porch Features: Balcony/Deck, Uncovered Deck, Varies By Unit
  • View: Bay, Hills, Marina, Varies By Unit, Water

Garage/Parking

  • Parking Features: Off Street, Uncovered
  • Total Parking Spaces: 12.00

Utilities

  • Cooling: None
  • Security Features: Varies By Unit
  • Sewer: Public Sewer
  • Utilities: Electric, Internet Available, Natural Gas Connected
  • Water Source: Public
  • Heating: Varies By Unit
  • Laundry Features: Varies By Unit
  • Separate Meters: Varies By Unit

Lot Info

  • Assessor Parcel Number: 063-010-09
  • Lot Size Sq Ft: 8799.00

Building Info

  • Year Built: 1943

Multi Family

  • One Bedroom Annual Occupancy: 90
  • 1 Bedroom Rent Range: 3000-3500
  • Two Bedroom Rent Range: 4000-5000
  • Three Bedroom Annual Occupancy: 90
  • Three Bedroom Rent Range: 5500-6000
  • Four Bedroom Rent Range: 6500-7500
  • Number Of1 Bedrooms Occupied: 3
  • Number of 1 Bedroom Units: 3
  • Number Of3 Bedrooms Occupied: 1
  • Number of 3 Bedroom Units: 3
  • NumberOfUnitsTotal: 6

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 $28,529 $1,782,780 $768,440 $1,014,340
2024 $28,529 $1,747,830 $753,375 $994,455
2023 $30,410 $1,713,563 $738,605 $974,958
2022 $27,357 $1,679,970 $724,125 $955,845
2021 $26,175 $1,647,037 $709,930 $937,107
2020 $26,890 $1,630,159 $702,655 $927,504
2019 $24,477 $1,598,201 $688,880 $909,321
2018 $24,749 $1,566,870 $675,375 $891,495
2017 $24,569 $1,536,153 $662,135 $874,018
2016 $25,571 $1,506,039 $649,155 $856,884
2015 $23,687 $1,483,419 $639,405 $844,014
2014 $23,078 $1,454,361 $626,880 $827,481
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2025 10/16/25 For Sale $3,000,000 -- $505 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Purchase History

Date Type Sale Price Title Company
Grant Deed -- First American Title Ins Co
Grant Deed $100,000 First American Title Insuran
Grant Deed -- California Land Title
Grant Deed -- --
Quit Claim Deed -- California Land Title Compan
Grant Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $1,000,000 Commercial
Previous Owner $449,000 Seller Take Back
Source: Public Records

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 325091498

Bay Area Real Estate Information Services (BAREIS)

APN: 063-010-09