- Property Type: Multifamily Residential 5+ Units
- Offer Status: For Sale
- City: Sausalito
- Units: 6
- Stories: 3
- Cap Rate: 4.31%
- GRM: 14.75
- Building Size: 4,623 ft²
- Lot Size: 4,571 ft²
- Year Built: 1898
- # of Buildings: 1
- Parking: Street Parking
- Roof: Comp Shingle (New 2011)
- Foundation: CC Perimeter (New 1998)
- Exterior: Wood Siding
- Framing: Wood
- HVAC: Forced Air (Upper Unit)
- Wiring: Circuit Breakers
- Laundry: Common Room; Coin-Op
- Utilities (Tenants): PG&E, Cable, Internet
- Utilities (Owner): House PG&E, Trash, Water, Sewer
Investment Overview
Rare Multifamily Offering in the “Best Weather” Area of Sausalito
–Remodeled 1898 Five-Story Victorian with Charm–
**Expansive Bay Views**
This three-story wood frame Victorian was built in 1898 as a single-family mansion and later the property was converted to rentals during World War II to provide housing for shipyard workers who relocated to Sausalito to work on the liberty ships.
The unit mix includes two 2-bedroom, 2-bath units, one 2-bedroom, 2.5 bath unit, two 1-bedroom, 1-bath units and one studio. Four of the units have San Francisco and Bay views, five of the units have fireplaces and all units have hardwood floors, redone modern kitchen and baths and many features of the original building, such as copper doorknobs and sash windows.
The largest unit is a 2-bedroom, 2.5-bath apartment with hardwood floors, a handsome cherry built-in media console with room for books and television in the living room and an original corner fireplace with mantle surrounded by deep green tile. The chef’s kitchen includes Viking appliances and a Dutch door leading out to a sunny patio.
Some units have private decks and all residents have access to a large common area patio with Spanish tile and a Bay view located at the second level of the property. The lush landscaping of low maintenance trees and hedges make this property a magical and sunny private retreat for its’ residents.