16 Dutton Court, Sausalito, CA 94965

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$1,280,000

bedrooms

bathrooms

square feet

1,773

Acreage

0.1997

Open Houses

Aug 16

year built

1962

Full Baths

Half Baths

Find out more

Rare income-producing Sausalito property with immediate cash flow Day 1 of $8,900/month and cap rate 6.32! Tucked on a private cul-de-sac in Marin City with expansive Richardson Bay views, this newly remodeled property generates $8,900/month in current rental income, making it ideally suited for investors, 1031 exchange buyers, or future owner-occupants. The 4-bedroom, 2-bath residence is designed on two private stories, each with a separate exterior entrance, maximizing both income and versatility. The upper level lives like a single-family home, with three bedrooms, a full bath, an office/flex space, laundry, and a sunlit wraparound deck that captures east-facing water views. The lower level is a beautifully renovated one-bedroom flat with private entry, full kitchen, in-unit laundry, and a peaceful patio perfect for continued rental income, guest use, or future in-law living. Both units were recently leased at market rates to highly qualified tenants, providing immediate, stable cash flow with the option to keep as rental property or transition to owner-occupancy as leases expire in the near term. Set on a sunny, fenced lot with garage parking, the property also offers potential for ADU development in the backyard or conversion to a short-term rental (buyer to verify), enhancing future value and income potential. Minutes from downtown Sausalito and Mill Valley, with easy access to trails, dining, and commuting options to San Francisco by car, ferry, bike, or bus. A rare Marin offering combining high immediate cash flow, lifestyle appeal, and strategic flexibility for today's buyer and tomorrow's plans.

Location
Subdivision	-
County	Marin
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

Aug

Sunday

1PM — 3PM

Aug

Sunday

1PM — 3PM

Find out more

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MLS number: 326027686

Listing status: Active

Listing agent: Yasmine McGrane

Listing broker: Corcoran Global Living (415) 278-9600

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Last update: Friday, August 14 2026 at 12:18 p.m. EDT

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