Description
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 4.52% Cap Rate & 14.96 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). Upon completion, the expected CAP rate is 6.06% & GRM is 12.36. 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.
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0BEDS
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0.11ACRES
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0BATHS
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01/2 BATHS
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2,516SQFT
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$754$/SQFT
School Information
Description
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 4.52% Cap Rate & 14.96 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). Upon completion, the expected CAP rate is 6.06% & GRM is 12.36. 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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-24T00:28:43.64. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Romero Home Team | eXp Realty. Licensed in the State of California, USA.