FOR SALE

$4,995,000

Iconic 8 unit mixed use building with 2 retail spaces and 6 residential units.

Before After bridgeway-15

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. […]

 

561 Bridgeway Street Scene

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

561 Bridgeway Parcel Map
561 Bridgeway Google Map

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

Retail Market Report
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561-Bridgeway-Multi-Family-Market-Report-Key-Indicators
561-Bridgeway-Multi-Family-Market-Report-Rent-Per-Unit
561-Bridgeway-Multi-Family-Market-Report-Vacancy
561-Bridgeway-Multi-Family-Market-Report-Vacancy-by-bedrooms
561 Bridgeway Economic Market Report
561-Bridgeway-Economic-Market-Report-Economy
561-Bridgeway-Economic-Market-Report-Demo-Trends
561-Bridgeway-Economic-Market-Report-Employment

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!

 

707.695.6172  |  dkilker@gmail.com

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Address

4167 Suisun Valley Road Fairfield, CA 94534

Phone

+1 707.580.3499

Email

concierge@remaxelitepartners.com

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