For Sale
$4,925,000

561 Bridgeway WaySausalito, CA 94965

Iconic 8-unit building, high occupancy, prime location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 8-unit mixed-use building at 561 Bridgeway Way, Sausalito, CA 94965, presents a compelling investment opportunity. Boasting 5,492 square feet on a 0.11-acre lot, this historic property, built in 1897, offers a blend of residential and retail space. Currently enjoying 100% occupancy, the building comprises 8 units, with a mix of recently renovated apartments featuring new flooring, bathrooms, kitchens, and appliances. Its prime waterfront location in Sausalito places it amidst popular restaurants and shops, benefiting from high foot traffic and strong year-round tourism. The building's composition is approximately 70% residential and 30% retail, providing a balanced income stream. Situated just minutes from San Francisco across the Golden Gate Bridge, this property benefits from Sausalito's reputation as a world-renowned tourist destination and desirable residential area. The newer roof adds to the property's overall value and reduces immediate maintenance concerns. This is a rare chance to acquire a well-maintained, high-performing multifamily asset in a highly sought-after location. The asking price is $4,925,000.

Highlights

  • 8-unit mixed-use building in Sausalito, CA.
  • 5,492 square feet on a 0.11-acre lot.
  • Historic building (1897) with 100% occupancy.
  • Recently renovated units with new kitchens, baths, flooring, and appliances.
  • Prime waterfront location with high foot traffic and strong tourism.
  • 70% residential, 30% retail, providing balanced income.

Property Details for 561 Bridgeway Way

Property type
Mixed-use properties, Apartment buildings
Square Feet
5,492 SF
Year Built
1897
Lot Size (sq. ft)
4,792 SF
Units
8

Location Insight

City
Sausalito
County
Marin
State
California
Latitude
37.8535258
Longitude
-122.4791982
561 Bridgeway Way, Sausalito, California

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561 Bridgeway Way
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