About 138 Buchanan Drive
**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.
Features of 138 Buchanan Drive
| MLS® # | 325074416 |
|---|---|
| Price | $1,695,000 |
| Square Footage | 3,000 |
| Acres | 0.12 |
| Year Built | 1960 |
| Type | Residential Income |
| Sub-Type | Apartments, Flats |
| Status | Q Suspension |
Community Information
| Address | 138 Buchanan Drive |
|---|---|
| Area | Sausalito |
| City | Sausalito |
| County | Marin |
| State | CA |
| Zip Code | 94965-1606 |
Amenities
| Parking Spaces | 2 |
|---|---|
| Parking | Carport |
| Has Pool | No |
Interior
| Heating | Central |
|---|---|
| Cooling | None |
| Fireplace | No |
Exterior
| Lot Description | Shape Regular |
|---|