507 Easterby Street, Sausalito, CA 94965

About this fourplex

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.

Listing description from the March 2024 sale, as reported to CRMLS.

Sale history

$1,650,000

Sold March 2024 · listed $1,748,000, orig. $1,898,000, on market July 2023 · MLS #ML81936023 · Source: CRMLS

Listing Agent: Ismael Benhamida · Listing Office: Compass · Contact: (415) 345-3000 · Bought with: Dena Bliss

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