$1,650,000
$1,748,000
5.6%For more information regarding the value of a property, please contact us for a free consultation.
5 Beds
4 Baths
2,516 SqFt
SOLD DATE : 03/13/2024
Key Details
Sold Price $1,650,000
Property Type Multi-Family
Sub Type Fourplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,516 sqft
Price per Sqft $655
MLS Listing ID ML81936023
Sold Date 03/13/24
Bedrooms 5
Full Baths 4
Year Built 1913
Lot Size 5,000 Sqft
Property Description
Major Price Reduction! Rarely available fourplex (1 of only 51) in highly prestigious & charming Sausalito. Walking distance to boutiques, restaurants, Golden Gate Bridge, world class hiking trails, & marina & yacht harbor. Lowest $/SqFt in core Sausalito. Scheduled 5.01% Cap Rate & 14.2 GRM. One 2-bed/1-bath w/ bay views and 3 vacant 1-bed/1-bath units. Floor to ceiling windows & hardwood floors. The large 5,000 SqFt lot is 200 ft deep! The massive backyard is unused & ADU consultants have determined that two 2-bed/1-bath ADUs can be added (ADU proposal available). Over $100k spent in past 2 years for 400 amp electrical w/ new panels, copper plumbing upgrades, a new roof, fumigation, paint, & epoxy flooring. Opportunity for new owner to renovate the units to achieve top rents. The rent growth, shortage of housing units, & ADU potential make 507 Easterby Street an exceptional investment for both the cash flow & appreciation minded investor.
Location
State CA
County Marin
Area Sausalito
Zoning MUL
Rooms
Kitchen Cooktop - Gas, Countertop - Granite, Dishwasher, Refrigerator
Interior
Heating Electric
Cooling None
Flooring Hardwood, Tile
Laundry None
Exterior
Exterior Feature Back Yard, Low Maintenance
Garage No Garage, No Parking, On Street
Utilities Available Individual Electric Meters, Individual Gas Meters
View Bay, Marina, Water
Roof Type Shingle
Building
Lot Description Grade - Gently Sloped
Story 2
Foundation Concrete Perimeter
Sewer Sewer - Public
Water Public
Level or Stories 2
Others
Tax ID 064-142-17
Security Features None
Horse Property No
Special Listing Condition Not Applicable
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Bought with Dena Bliss • Ascend Real Estate