Living / Multi-housing

Portofino Riviera (Rivendell)

215 Main St Sausalito, California United States 94965-2477
Asking Price Contact for pricing
Area Size
NOI Net Operating Income
NIY N/A

Documents

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Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. Approval for Deal Room access requires review by our Broker Team. You will be notified by email once your access is granted. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.
I accept the confidentiality agreement I accept the confidentiality agreement
Create an account on the Investor Center to save your search and investment preferences, save and share opportunities, access exclusive documents, and more. More questions? Visit our FAQ. You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Year Built 1960
Building Area Net
Land Area Net ()
Rentable Area
Number of units 39
Occupancy 96.0 %
Call for Offers

Asset Description

Built in 1960, The Portofino is a timeless 

39-unit multifamily asset located in the exclusive southern Marin County city of Sausalito, just five minutes North of San Francisco. This property sits immediately adjacent to the waters of the Bay, with sweeping views from all units.

The Portofino is located closer to San Francisco’s Financial District than any other moderately sized multifamily asset outside of San Francisco. This immediate proximity to the heart of a world class city in conjunction with immediate pedestrian access to the best restaurants in all of Marin County make The Portofino Riviera an absolute bullseye location for investors and residents alike.


The Portofino’s location along the waterfront is rare and something that is unlikely to ever be built again given the cost of construction locally, the aversion of the city council to permit additional market-rate housing, and use exclusions in the zoning code. This scarcity makes The Portofino a one-of-a-kind asset, and the ability to be living over the water, with views of San Francisco and the Bay from nearly every room in the Property will continue to resonate with discerning renters for many years to come.

Investment Highlights

Timeless 39-unit multifamily asset located in the exclusive southern Marin County city of Sausalito, just five minutes North of San Francisco.


Waterfront views from all units.


Spacious Central Pool Terrace.


Floor to Ceiling Windows offering light-filled spaces.


Nearly all units are classic, exceptional value add opportunity.


Large walk-in closets and fireplaces in all units.


Idyllic location, 10 minute walk to downtown Sausalito, retail and restaurants with beach access for residents.


Five minutes from the Golden Gate Bridge

Last Updated Date: 22 Aug 2022

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Last Updated Date: 22 Aug 2022

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