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

Multifamily properties

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

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