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$1,747,000

  • For Sale
  • Active
  • Multi-Family
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This completely remodeled 4-Unit Houseboat has been approved by the Commodore Marina as a short-term rental since September of 2022. All units have consistently maintained occupancy rates over 80%. Gross rental income in 2024 was $415,030, making the GRM just 4.21 years at the bidding start price, The NOI was $255,281, making the Cap Rate 14.6%. Each unit features a raised platform bed to overlook open water views, a full kitchen including a stacking washer/dryer, a full bath with heated floors and a private outside deck area. There is also over 1000 sq. ft. of climate-controlled storage in the barge below decks with a commercial washer/dryer to allow for quick rental change overs

Full Property Details for 11 Commodore Marina Loop

General

  • Price: $1,747,000
  • HOA FEE: $516
  • Status: Active
  • Type: Multi-Family
  • Source: SBAOR
  • MLS ID: 25-877
  • Updated: 6/10/2025
  • Added to Site: 220 day(s) ago

Interior

  • Flooring: Tile, Wood/Laminate

Rooms

Other Rooms

  • Laundry: Laundry Room, In Unit

Additional Information

  • Security/Safety: Smoke Detector

Parking

  • Parking Features: Uncovered, Street

Location

  • Area: 97 - OUT OF AREA
  • County: Out of Area
  • Cross Streets: Redwood Highway

School Information

  • Elementary School: See Remarks
  • Middle School: See Remarks
  • High School: See Remarks

Community

  • Pets Allowed: Yes
  • Pet Restrictions: Yes

Heating & Cooling

  • Heating Type: Electric

Structural Information

  • Foundation: Other
  • Square Feet: 1,387
  • Living Area: 1,387 Sq. Ft.
  • Year Built: 1967
  • Property Condition: Excellent

Lot Features

  • Lot Features: Near Public Transit
  • Zoning: C-M

Financial Considerations

  • Maint. Fee: $516
  • Maint. Fee/Month: $516
  • Terms: Cash, CTL

Disclosures and Reports

  • Reports: Struct, Leases
  • Property ID: 901-100-11

Listed by eXp Realty of Greater Los Angeles, Inc.

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— 11 Commodore Marina Loop —

  • eXp Realty of Greater Los Angeles, Inc.

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 11 Commodore Marina Loop

School Districts:Sausalito Elementary School District, Tamalpais Union High School District
NameGradesDistance
Dr. Martin Luther King Jr. Academy
200 Phillips Drive, Sausalito, CA 94965
K-80.5 mi
Tamalpais High School
700 Miller Avenue, Mill Valley, CA 94941
9-121.3 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 11 Commodore Marina Loop Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/03/2025
Price Reduced
$1,747,000
-7.81%
MLS
4/02/2025
Price Increased
$1,895,000
18.81%
MLS
2/28/2025
Listed
$1,595,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by eXp Realty of Greater Los Angeles, Inc.

11 Commodore Marina Loop, Out Of Area, CA 94941 (MLS# 25-877) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 11 Commodore Marina Loop is currently listed for $1,747,000 and was received on June 10, 2025. Want to learn more about 11 Commodore Marina Loop? Do you have questions about finding other Multi-Family real estate for sale in Out Of Area? You can browse all Out Of Area real estate or contact a Coldwell Banker agent to request more information.

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