515 Valley St, Sausalito, CA

Investment Overview

Bay View Duplex With Owner’s Unit

The two-story wood frame building was built in 1921 and extensively remodeled over the years with updated kitchens and baths, wraparound decks with spectacular views of the Bay, a secluded, spacious brick patio, and lush greenery outside the upper owner’s unit.

The 1,100 square foot owner’s unit consists of 2-bedrooms and 2-bathrooms as well as an eat-in kitchen with view of the Bay. Kitchen upgrades include tiled counter tops and flooring, gas stove, dishwasher and newer refrigerator. There is ample cabinet storage and many glass fronted display cabinets in the kitchen. In addition, there is room for a six person dining table, which currently sits in front of the Bay view window.

The living room is carpeted and includes a corner fireplace and French doors that lead out to a deck with wonderful Bay views. The unit includes one smaller bedroom off the living room with its own bath, and a master bedroom with adjacent bath with sunken tub and shower over tub. In the spacious bedroom is a closet that runs the length of the back wall and a Bay window with views with built in bench for storage. Just off the master bedroom is a small room just larger enough for a computer desk and bookshelves for an at home workstation.

The second unit is 680 square feet and includes 1-bedroom, 1-bath, a living room with corner fireplace and a deck off the front door at the entrance to the apartment.

The property includes a separate laundry room and storage area, which is tucked under the lower unit and accessed by stairway to the laundry room door. There is street parking only at the property.

The owner has done extensive renovations to the property during his 22 year ownership and has added decks, rebuilt stairs, added a brick patio outside the owner’s unit and upgraded interiors. In addition, the wood retaining walls at the north side of the property were replaced in 1997 and have been well maintained through the years.

The subject property is located at the top of Valley Street in Old Town Sausalito. Just 10 minutes’ drive to the Golden Gate Bridge, the property is also walkable to the waterfront, ferry landing and abundant shops and restaurants in downtown Sausalito. Close by are hiking and biking trails in the Marin Headlands and just five minutes’ drive to nearby Baker’s Beach.