- Property Type: Multifamily Residential 2-4 Units
- Offer Status: Sold!
- City: Sausalito
- Units: 4
- Cap Rate: 3.86
- Building Size: 3,800 ft²
- Lot Size: 5,000 ft²
- Year Built: 1893
Investment Overview
The three story wood frame property was built in 1893 and totally remodeled in the past several years with a modern interior in each apartment. The building, which was once a ship captain’s residence, sits on a 5,000 square foot lot and includes a legal four unit property and an undocumented older cottage that is currently used as storage. Two off street parking spaces are available to residents.
The handsome fourplex sits at the front of the lot with Richardson Bay views, several large view decks and attractive landscaping. Situated at the north end of the city of Sausalito, the property is within walking distance of popular restaurants, shops and Bay front parks. It is also just blocks from the Highway 101 entrance, the main transportation artery through Marin County.
The 5,000 square foot lot is situated at the front of a cul de sac and is bisected by a driveway easement so that owners along the cul de sac can reach their properties. At the south end of the lot is an unoccupied older cottage that is used for storage. A potential buyer can check with the City of Sausalito as to the possible uses for this cottage.