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Haven O'Halloran

Engel & Völkers

haven.ohalloran@engelvoelkers.com +1(415) 302-4960

Listed by Yasmine McGrane Corcoran Icon Properties

$ 1,280,000

Est. payment -/mo

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Active

16 Dutton CT Sausalito, CA 94965

1,773 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,773 sqft

Price per Sqft $721

MLS Listing ID 326027686

Style Bungalow,Contemporary,Mid-Century

HOA Y/N No

Year Built 1962

Lot Size 8,699 Sqft

Acres 0.1997

Property Sub-Type Multi Family

Property Description

Rare income-producing Sausalito property with immediate cash flow Day 1 of $8,900/month and cap rate 6.32! Tucked on a private cul-de-sac in Marin City with expansive Richardson Bay views, this newly remodeled property generates $8,900/month in current rental income, making it ideally suited for investors, 1031 exchange buyers, or future owner-occupants. The 4-bedroom, 2-bath residence is designed on two private stories, each with a separate exterior entrance, maximizing both income and versatility. The upper level lives like a single-family home, with three bedrooms, a full bath, an office/flex space, laundry, and a sunlit wraparound deck that captures east-facing water views. The lower level is a beautifully renovated one-bedroom flat with private entry, full kitchen, in-unit laundry, and a peaceful patio perfect for continued rental income, guest use, or future in-law living. Both units were recently leased at market rates to highly qualified tenants, providing immediate, stable cash flow with the option to keep as rental property or transition to owner-occupancy as leases expire in the near term. Set on a sunny, fenced lot with garage parking, the property also offers potential for ADU development in the backyard or conversion to a short-term rental (buyer to verify), enhancing future value and income potential. Minutes from downtown Sausalito and Mill Valley, with easy access to trails, dining, and commuting options to San Francisco by car, ferry, bike, or bus. A rare Marin offering combining high immediate cash flow, lifestyle appeal, and strategic flexibility for today's buyer and tomorrow's plans.

Location

State CA

County Marin

Area Sausalito

Rooms

Basement Apartment, Finished

Interior

Heating Central, Natural Gas, See Remarks

Cooling None

Flooring Simulated Wood

Appliance Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Gas Oven, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Cooktop, Ice Maker, Microwave, Self Cleaning Oven, Tankless Water Heater, Varies By Unit, See Remarks

Laundry In Unit

Exterior

Exterior Feature Private Yard

Garage Spaces 1.0

Utilities Available Cable Connected, Electricity Connected, Internet Available, Natural Gas Connected

Waterfront Description Public

View Bay, Water

Roof Type Shingle

Porch Balcony/Deck, Uncovered Patio

Total Parking Spaces 3

Private Pool No

Building

Lot Description Auto Sprinkler F&R, Cul-De-Sac, Curbs/Gutters, Garden, Landscape Back, Landscape Front, Private, Secluded, Shape Regular

Foundation Combination, Concrete, Other

Sewer Public Sewer

Water Public

Architectural Style Bungalow, Contemporary, Mid-Century

Schools

School District Marin, Elementary: Sausalito Marin City Schools, Middle/Junior: Sausalito Marin City Schools, High: Tamalpais Union

Others

Tax ID 05213024

Security Features Carbon Monoxide Detector(s),Prewired,Smoke Detector(s),Varies By Unit

Special Listing Condition Offer As Is

Bay Area Real Estate Info Services (BAREIS)

Haven O'Halloran

Global Real Estate Advisor | License ID: 01994847

+1(415) 302-4960

Haven O'Halloran

16 Dutton CT Sausalito, CA 94965

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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16 Dutton CT