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Paradise Point 2002 Paradise Dr 3 Unit Apartment Building $7,700,000 ($2,566,667/Unit) 2.50% Cap Rate Tiburon, CA 94920



INVESTMENT HIGHLIGHTS
- Luxury triplex on the San Francisco Bay with a rare panorama of unobstructed world class views of the Golden Gate Bridge, San Francisco, and the bay
- Private decks that extend across the perimeter of the building, floor-to-ceiling windows throughout, and unparalleled world-class views
- Positioned on the edge of the world-renowned Tiburon Peninsula, steps away from the waterfront pathway to the SF ferry and Main Street
EXECUTIVE SUMMARY
• This iconic renovated 3 unit residence features an elevator, a lobby, 6 parking spots, and 3 EV charging stations
• Each unit has virtually the same layout; 3 bedrooms, 2 bathrooms, a washer/dryer, granite countertops, fireplaces, private decks, floor-to-ceiling windows, and unparalleled views
• A decorative custom ironwork door leads to the building’s “lobby”; architecturally stunning, this space was designed as an atrium, featuring sleek tile flooring and walls of glass that capture iconic views of the Golden Gate Bridge, San Francisco, and Angel Island
• The common area features beautiful original hardwood flooring, modern light fixtures, soaring ceilings, oversized windows, and a designer chandelier by Troy Lighting
• Enhancing accessibility and luxury, an elevator seamlessly connects all levels of the triplex, conveniently located near each unit’s front door for easy access
• Unit 1 (lower) boasts oak hardwood floors, while Units 2 (middle) and 3 (upper) offer luxurious, high-end carpeting (hardwood floors beneath the carpeting in Units 2 and 3 provide the option for easy removal and refinishing)
• The heart of each unit is the captivating great room surrounded by expansive floor-to-ceiling windows and sliding glass doors that capture sweeping views across the bay to the Golden Gate Bridge; bathed in natural light, this inviting space is complimented by a wood-burning fireplace with stylish stone surround, a bar area with built-in cabinetry and shelving, and sliding glass doors that open to the entertainment deck
• Experience elevated functionality and style in the open kitchens, featuring tile flooring, granite countertops, white cabinetry, top-of-the-line stainless steel appliances, and breakfast bars with seating
• Offering a luxurious sanctuary of unparalleled comfort, the primary suites feature walk-in closets with custom wardrobe systems, sliding glass doors that open to the deck, and oversized windows framing breathtaking views of the bay and Angel Island; the primary bathrooms feature tile flooring, floating vanities adorned with Italian wood cabinetry, medicine cabinets, and stall showers
• The second bedrooms offer sizable closets, sliding glass doors opening to the deck, and incredible views of San Francisco and the bay
• The third bedrooms feature serene bay views and sliding glass doors that open to the deck
• The sleek and updated guest bathrooms feature tile flooring, floating vanities with Italian wood cabinetry, white granite countertops, modern light fixtures, and a shower/tub combination
• An additional walk-in closet in the hallway enhances practicality and organization, offering ample space for storing seasonal attire and personal belongings
• Offering an enchanting setting for everyday living, al fresco dining, and entertaining guests, the expansive entertainment decks showcase unparalleled vistas stretching from the East Bay to the majestic Golden Gate Bridge
This impressive luxury triplex on the San Francisco Bay showcases a rare panorama of unobstructed world class views of the Golden Gate Bridge, San Francisco, the bay, and Angel Island. Positioned only steps away from the waterfront pathway to the San Francisco ferry and Main Street’s waterfront restaurants and boutique shops. This captivating waterfront retreat, known as “Paradise Point,” embodies the coastal ambiance synonymous with the seaside lifestyle of Tiburon.
FEATURES: 3 Units | Elevator | Lobby | 6 Parking Spaces
• Each unit has virtually the same layout; 3 bedrooms, 2 bathrooms, a washer/dryer, granite countertops, fireplaces, private decks, floor-to-ceiling windows, and unparalleled views
• A decorative custom ironwork door leads to the building’s “lobby”; architecturally stunning, this space was designed as an atrium, featuring sleek tile flooring and walls of glass that capture iconic views of the Golden Gate Bridge, San Francisco, and Angel Island
• The common area features beautiful original hardwood flooring, modern light fixtures, soaring ceilings, oversized windows, and a designer chandelier by Troy Lighting
• Enhancing accessibility and luxury, an elevator seamlessly connects all levels of the triplex, conveniently located near each unit’s front door for easy access
• Unit 1 (lower) boasts oak hardwood floors, while Units 2 (middle) and 3 (upper) offer luxurious, high-end carpeting (hardwood floors beneath the carpeting in Units 2 and 3 provide the option for easy removal and refinishing)
• The heart of each unit is the captivating great room surrounded by expansive floor-to-ceiling windows and sliding glass doors that capture sweeping views across the bay to the Golden Gate Bridge; bathed in natural light, this inviting space is complimented by a wood-burning fireplace with stylish stone surround, a bar area with built-in cabinetry and shelving, and sliding glass doors that open to the entertainment deck
• Experience elevated functionality and style in the open kitchens, featuring tile flooring, granite countertops, white cabinetry, top-of-the-line stainless steel appliances, and breakfast bars with seating
• Offering a luxurious sanctuary of unparalleled comfort, the primary suites feature walk-in closets with custom wardrobe systems, sliding glass doors that open to the deck, and oversized windows framing breathtaking views of the bay and Angel Island; the primary bathrooms feature tile flooring, floating vanities adorned with Italian wood cabinetry, medicine cabinets, and stall showers
• The second bedrooms offer sizable closets, sliding glass doors opening to the deck, and incredible views of San Francisco and the bay
• The third bedrooms feature serene bay views and sliding glass doors that open to the deck
• The sleek and updated guest bathrooms feature tile flooring, floating vanities with Italian wood cabinetry, white granite countertops, modern light fixtures, and a shower/tub combination
• An additional walk-in closet in the hallway enhances practicality and organization, offering ample space for storing seasonal attire and personal belongings
• Offering an enchanting setting for everyday living, al fresco dining, and entertaining guests, the expansive entertainment decks showcase unparalleled vistas stretching from the East Bay to the majestic Golden Gate Bridge
This impressive luxury triplex on the San Francisco Bay showcases a rare panorama of unobstructed world class views of the Golden Gate Bridge, San Francisco, the bay, and Angel Island. Positioned only steps away from the waterfront pathway to the San Francisco ferry and Main Street’s waterfront restaurants and boutique shops. This captivating waterfront retreat, known as “Paradise Point,” embodies the coastal ambiance synonymous with the seaside lifestyle of Tiburon.
FEATURES: 3 Units | Elevator | Lobby | 6 Parking Spaces
PROPERTY FACTS
| Price | $7,700,000 | Property Subtype | Apartment |
| Price Per Unit | $2,566,667 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 2.50% | Building Size | 5,102 SF |
| No. Units | 3 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Price | $7,700,000 |
| Price Per Unit | $2,566,667 |
| Sale Type | Investment |
| Cap Rate | 2.50% |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 5,102 SF |
| No. Stories | 3 |
| Year Built | 1960 |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Refrigerator
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Built-In Bookshelves
- Deck
- Dining Room
- Family Room
- Linen Closet
- Large Bedrooms
- Floor to Ceiling Windows
SITE AMENITIES
- Waterfront
- Walking/Biking Trails
- Bicycle Storage
- Car Charging Station
- Elevator
- Private Bathroom
PROPERTY TAXES
| Parcel Number | 059-172-44 | Improvements Assessment | $1,359,145 |
| Land Assessment | $1,263,813 | Total Assessment | $2,622,958 |
PROPERTY TAXES
Parcel Number
059-172-44
Land Assessment
$1,263,813
Improvements Assessment
$1,359,145
Total Assessment
$2,622,958
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Paradise Point | 2002 Paradise Dr
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