USACATiburonTiburon View Hoa3 Circle Drive

New

$5,250,000

For Sale

7 hours ago

3 Circle Drive, Tiburon, CA

Name: 3 Circle Drive, For Sale in Tiburon - eXp Realty
Brand: Marcus & Millichap Real Estate Investment Services, Inc.
SKU: 326091586
Price: 5250000 USD

House

MLS® 326091586

0 Bed

0 Bath

11508 sqft

21 Parking

Key Facts
Description
Map

Key Facts

Type Multi Family

Levels Residential Income

Size 11508 sqft

Garage

Taxes

Days Active 6

Lot Size 0.467 Acres

Approx. Age 1964

Avg. Price Per Sqft $456

MLS® Number 326091586

Property Address: 3 Circle Drive, Tiburon, CA, 94920

Average square foot calculated using Size range provided by listing agent.

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.

MLS® Number326091586

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1964

Basement

DrivewayCovered, Uncovered

Garage Spaces

HeatSee Remarks

A/CSee Remarks

Extras

Price History

Jan 1, 1800End Date

Not Sold YetSold Price

For Sale

Nov 3, 2026List Date

$5,250,000List Price

Commute

Commute

Starting Address

Destination Address

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