About 507 Easterby St
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.
Features of 507 Easterby St
| MLS® # | ML81936023 |
|---|---|
| Price | $1,748,000 |
| Square Footage | 2,516 |
| Acres | 0.11 |
| Year Built | 1913 |
| Type | Residential Income |
| Sub-Type | Fourplex |
| Status | Active |
Community Information
| Address | 507 Easterby St |
|---|---|
| Area | Sausalito |
| City | SAUSALITO |
| County | Marin |
| State | CA |
| Zip Code | 94965 |
Amenities
| Utilities | Individual Electric Meters, Individual Gas Meters |
|---|---|
| Garages | No Garage |
| View | Bay View, Marina, Water |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Electric Heat |
|---|---|
| Cooling | No Cooling |
| Fireplace | No |
| # of Stories | 2 |
| Has Basement | No |
Exterior
| Lot Description | Grade - Gently Sloped |
|---|---|
| Roof | Shingle Roof |
| Construction | Wood Frame |
| Foundation | Concrete Perimeter |
School Information
| Attendance Zone | TAMALPAIS HIGH SCHOOL, BAYSIDE MARTIN LUTHER KING JR. ACADEMY |
|---|
Additional Information
| Zoning | MUL |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Ismael Benhamida |
|---|---|
| Office | Compass |
| Office Contact | 408-373-6195 |
