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32270698

40 VARDA LNDG RD, SAUSALITO, CA 94965-1417 For Sale

JH
CA 01257479
Marcus & Millichap - San Francisco
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco
$2,600,000
75 days on market
Updated 24 days ago

40 VARDA LANDING

Details
APN 063-010-09
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,939
Net Rentable (SqFt) 5,939
Units 2
Cap Rate 5.88%
NOI $152,941
Occupancy 100%
Pro-Forma Cap Rate 6.24%
Pro-Forma NOI $162,236
Year Built 1943
Buildings 1
Stories 2
Acreage 0.200

Prime 6-Unit on Sausalito Waterfront

Marketing description

Set along Sausalito’s historic waterfront, 40 Varda Landing Road offers a rare waterfront setting that reflects the soul of the surrounding floating home community—while benefiting from the permanence of a land-based asset. Dating back to the 1940s, the building showcases timeless craftsmanship accented by artistic, globally inspired details.

The property is comprised of six distinct units, including three with unobstructed outlooks toward Belvedere Island. The unit mix consists of two, three-bedroom/one-bath, one, three-bedroom/one-and-a-half-bath, and three, one-bedroom/one-bath units, with each unit possessing a unique floorplan with artistic charm. Natural hardwood flooring, exposed timber beams, and custom Moroccan-style carved doors create interiors that feel curated, warm, and authentic, creating a truly irreplaceable living space. The subject property was famously home to artist Jean Varda, a well-known painter, poet, and bohemian figure who helped shape Sausalito’s artistic identity in the mid‑20th century. The waterfront vantage point delivers an ever-changing backdrop—from early morning harbor stillness to vibrant evening lights reflecting off the water. The property is master metered for gas and electricity as well as master metered for water, with tenants paying trash bills individually.

Positioned moments from Sausalito’s dining, ferry service, and regional transit, the asset sits directly adjacent to the city’s renowned floating home enclave. Located within the Marinship Specific Plan (Zoning Plan 9H), the property benefits from a planning framework that supports long-term flexibility while maintaining the neighborhood’s maritime identity.

The property appeals to a broad range of users, including investors, owner-occupants, creative professionals, and innovative office users—such as technology or AI-focused firms seeking an inspiring coastal workspace with efficient access to San Francisco.

Defined by its history, artistry, and irreplaceable waterfront context, 40 Varda Landing Road represents one of Marin County’s most distinctive small-scale harbor front investments. Each unit is highly desirable, with tenants consistently drawn to the character, views, and singular Sausalito setting.

Investment highlights

▪ Rare Harbor Sausalito waterfront location with select units offering panoramic harbor and Bay views.

▪ Six highly desirable units, steps from dining, ferry service, and transit in a walkable waterfront setting.

▪ 1940s construction featuring hardwood floors, exposed wood beams, and hand-carved Moroccan-style doors.

▪ Convenient access to San Francisco employment centers drives ongoing tenant demand.

Listing Contacts

JH
CA 01257479
Marcus & Millichap - San Francisco
Marcus & Millichap - San Francisco
Listed by Marcus & Millichap - San Francisco

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$152,941.00
$12,745.08/mo

Valuation Metrics

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DSCR
5.88%
Cap Rate
5.88%
ROI

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Additional Information

Name
Jon Holmquist
License
01257479
Brokerage Phone
415-625-2117
Title
Senior Managing Director
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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