3 Circle DR, Tiburon, CA 94920
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3 Circle DR, Tiburon, CA 94920
3 Circle DR, Tiburon, CA 94920
3 Circle DR, Tiburon, CA 94920
3 Circle DR, Tiburon, CA 94920
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Diringer Cook Group

Diringer Cook Group

+1(415) 793-3040
Listed by John W Garrett Marcus & Millichap Real Estate Investment Services, Inc. 
$ 5,250,000
Est. payment /mo
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3 Circle DR Tiburon, CA 94920

11,508 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 11,508 sqft

Price per Sqft $456

Subdivision Tiburon View Hoa

MLS Listing ID 326091586

HOA Fees $5,062/mo

HOA Y/N Yes

Year Built 1964

Lot Size 0.467 Acres

Acres 0.467

Property Sub-Type 5 or More Units

Property Description

3, 5, & 33 Circle Drive presents a compelling opportunity to acquire 12 spacious apartments with meaningful income upside in Tiburon, one of Northern California's most affluent communities. The location combines scenic views and a desirable residential setting with convenient access to San Francisco via ferry service and nearby Highway 101. Shopping, restaurants, and grocery stores are a short drive away. Constructed in 1964, the property consists of three wood-frame, stucco-clad buildings with pitched composite shingle roofs. The unit mix includes (3) one-bedroom/one-bath, (7) two-bedroom/two-bath, and (2) three-bedroom/two-bath apartments, all with generous floor plans. Interior features include dishwashers, forced-air heating, and walk-in closets. Every apartment has a private deck, many with impressive views, while the three-bedroom residences also feature fireplaces. Parking consists of 13 covered spaces and eight surface spaces, and each apartment has a dedicated storage closet. The property is part of Tiburon View Apartments, a professionally managed HOA comprising seven investor-owned apartment properties with a total of 68 residences. Shared amenities include a resort-quality swimming pool, bocce court, landscaped courtyard, common laundry facility, and elevator access. HOA dues cover insurance, water, garbage, and common area maintenance, streamlining ownership responsibilities. Below-market rents offer an opportunity to increase income over time. A few apartments have been attractively remodeled, illustrating the potential to achieve substantially higher rents through renovations to the remaining units. With minimal deferred maintenance, investors can direct capital toward improvements that enhance rental appeal and long-term value. The combination of spacious apartments, extensive amenities, and a sought-after Tiburon location positions 3, 5, & 33 Circle Drive as an attractive, long-term investment with a clear value-add strategy.

Location

State CA

County Marin

Area Tiburon

Rooms

Basement None

Interior

Heating See Remarks

Cooling See Remarks

Laundry Coin Operated, Common Area

Exterior

Amenities Available Pool

Waterfront Description Public

Total Parking Spaces 21

Private Pool No

Building

Lot Description None

Sewer Public Sewer

Water Public

Others

HOA Name Tiburon View Homeowners Association

Tax ID 03418206

Special Listing Condition Standard

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Diringer Cook Group

Diringer Cook Group

| License ID: 01241641 +1(415)260-0453

+1(415) 793-3040

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3 Circle DR