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!
FOR SALE
$4,995,000
Iconic 8 unit mixed use building with 2 retail spaces and 6 residential units.
- 561 Bridgeway, Sausalito
Before
After
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.
Welcome to Petaluma, CA
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
0
+
Global Connections
$
0
+
Billion Sales
0
+
Plus Years Of Experience
0
California Offices
Come Visit Us
Contact Now
Address
4167 Suisun Valley Road Fairfield, CA 94534
Phone
+1 707.580.3499
concierge@remaxelitepartners.com