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507 Easterby ST Sausalito, CA 94965
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Key Details
Property Type Multi-Family
Sub Type Quadruplex
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
HOA Y/N No
Year Built 1913
Annual Tax Amount $22,007
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 699 - Not Defined
Zoning MUL
Interior
Heating Electric
Cooling None
Flooring Tile, Wood
Fireplace No
Appliance Dishwasher, Gas Cooktop, Refrigerator
Laundry None
Exterior
Parking Features None
View Y/N Yes
View Bay, Marina, Water
Roof Type Shingle
Accessibility None
Building
Story 2
Foundation Concrete Perimeter
Sewer Public Sewer
Water Public
Schools
Elementary Schools Other
Middle Schools Other
High Schools Other
School District Other
Others
Tax ID 06414217
Financing Conventional
Special Listing Condition Standard
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Bought with Dena Bliss