40 Varda Landing Rd 6 Unit Apartment Building $2,600,000 ($433,333/Unit) 5.70% Cap Rate Sausalito, CA 94965

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.