507 Easterby, Sausalito, CA 94965
$1,748,000 LOGIN TO SAVE
507 Easterby, Sausalito, CA 94965
Bedrooms: 5
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Bathrooms: 4
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Area: 2516 SqFt.
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.
Features
- 0.11 Acres
- 2 Stories
Listing provided courtesy of Ismael Benhamida of Compass. Last updated 2024-10-04 08:04:50.000000. Listing information © 2024 .
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