Iconic 8 unit mixed use building with 2 retail spaces and 6 residential units.
561 Bridgeway, Sausalito
BeforeAfter
Time to take this beauty to the next level. Great investment opportunity to own along the waters edge in Sausalito. Iconic 8 unit mixed use building with 2 retail spaces and 6 residential units. Newer roof, some of the residential units have been updated with new bathrooms, new flooring, new kitchens and new appliances. Located in a high traffic area with strong year round tourist presence this would be a great addition to any investors portfolio. Beautiful city and bay views. Just minutes from the Golden Gate Bridge.
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Active | 561 Bridgeway, Sausalito, CA 94965
HIGHLIGHTS
Financials
Property Type: Storefront Retail/Residential
Sub Type:Mixed
APN: 065-171-03
Address: 561 Bridgeway, Sausalito, CA
Buildings: 1
Units: 8
Price Per Unit: $624,375
Occupancy: 75%
Stories: 2
Square Footage: 6,177
Lot Size:0.12
Price Per Sqft: $808.64
Cap Rate: 1.11%
Cap Rate: (Projected) 3.78%
Current Rents
Unit #1: $1,479
Unit #2: $1,412
Unit #3: $Vacant
Unit #4: $1,308
Unit #5: $3,203
Unit #6: $1,248
Unit #7: Vacant
Unit #8: $2,500
Annual Rent: $133,800
Market Rents
Unit #1: $3,000
Unit #2: $3,000
Unit #3: $3,000
Unit #4: $3,000
Unit #5: $3,500
Unit #6: $3,000
Unit #7: $3,000
Unit #8: $2,500
Projected Annual: $288,000
2019 Financial Summary
Lot SizeTotal Operating Income: $98,344
Expenses:
Maintenance: $1,086
Turnover: $3,214
Property Taxes: $20,320
Payroll Exp: $2,016
Utilities: $5,476
General Admin: $2,695
Total Operating Expenses: $34,806
Net Income: $63,538
*Buyer to verify all income, expenses, total square feet and allowable uses of the property
Sonoma County
LIFE OPENS UP IN SONOMA
Just 30 miles north of San Francisco. Acclaimed food and wine, relaxing spas and stunning beauty create a wine country experience like no other. Taste a diverse terroir at more than 425 WINERIES, hike among towering REDWOODS, marvel at the stunning PACIFIC COAST and get to know inviting small TOWNS. Or, just sit back and take it all in. LIFE OPENS UP in Sonoma County. […]
Investment Highlights:
8 Unit, 2-Story Mixed Use (Retail and Residential) Building on 0.12+/- acre
Year Built: 1897
High traffic location and tourist destination
Market has low vacancy rates.
Strong local demographics with commuter options for the San Francisco job market.
Proximity to SF and Silicon Valley
Easy access to SF Bay Area Wine Country (Napa, Sonoma and Suisun Valley).
Easy access to Northern California coastline.
PHOTO GALLERY
15.4 miles to Stinson Beach I 1.6 miles to US-101 I 5.6 miles to San Francisco I 44.8 miles to Napa
Airport Drive Times
56 Minutes to STS
Sonoma County
40 Minutes to SFO
San Francisco
96 Minutes to SMF
Sacramento
49 Minutes to OAK
Oakland
51 Minutes to APC
Napa
Mixed Use Investment Opportunity
561 Bridgeway, Sausalito, CA 94965
FOR SALE
$4,995,000
Inquire For More Information
Denise Kilker
While the lush wineries, rustic Old Town, award-winning schools and wonderful sense of community will draw you in, the great value on real estate is what will keep you here. That’s where we can help!