40 Varda Landing Rd - Apartments FOR SALE


$2,600,000 USD
415-625-2117
40 Varda Landing Rd, Sausalito, CA for Sale
$2,600,000 USD
Apartments - FOR SALE
1/5
null | 5.7% Cap Rate


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.

OVERVIEW

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 three, three-bedroom/one-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.

FOR SALE DETAILS

PRICE

$2,600,000 USD

PRICE/SF

$438 USD /SF

# OF UNITS

6

PRICE/UNIT

$433,333

CAP RATE

5.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Hi-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1943

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,624 SF

ZONING

-

APN/PARCEL ID

063-010-09

ASK ABOUT THIS PROPERTY

Jon HolmquistJon HolmquistMore Info
415-625-2117

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Jon HolmquistJon HolmquistMore Info
415-625-2117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.