561 BridgewaySausalito, CA 94965

Property Details for 561 Bridgeway

Year built

1897

Lot size

0.12 AC

Property size (Sq ft)

6,177 SF

Property type

Mixed-use properties

Property subtype

Apartment buildings

Description

This exceptional investment opportunity presents an 8-unit mixed-use building in the heart of Sausalito, California. Situated at 561 Bridgeway, this two-story, 6,177 square foot property boasts stunning water views and a prime location within a historic building. The building, constructed in 1897 and renovated in 1935, sits on a 0.12-acre lot (APN 065-171-03) and offers a unique blend of retail and residential space, currently operating at 100% occupancy. The current NOI is $63,538, with a pro-forma NOI of $217,194 and a pro-forma cap rate of 4.41%. The asking price is $4,925,000, translating to $615,625 per unit and $797.31 per square foot. Three units have undergone full renovations/remodeling, and the building features a new roof. This high-traffic location benefits from a strong year-round tourist presence and proximity to San Francisco, Silicon Valley, and Northern California's wine country and coastline. The property's strong local demographics and convenient access to commuter options for the San Francisco job market further enhance its investment potential. This is a rare opportunity to acquire a well-positioned mixed-use asset in a highly desirable location. The current 1.29% cap rate presents significant upside potential based on the pro-forma projections.

Location Insight

City

Sausalito

County

Marin

State

California

Latitude

37.8535

Longitude

-122.479

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].