206 Caledonia StSausalito, CA 94965

Property Details for 206 Caledonia St

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 17-unit apartment building presents a rare investment opportunity in the highly desirable Sausalito, California market. Located at 206 Caledonia Street, 94965, this property boasts a prime downtown location, offering tenants easy walkability to shops, restaurants, and entertainment. The building encompasses 10,300 square feet on an 8,400 square foot lot and features covered and on-site parking. Constructed in 1956, the building is zoned HDR Apartments and benefits from historically low tenant turnover. Seven units have undergone recent renovations, enhancing their appeal and rental potential. Select units offer stunning Bay views, a highly sought-after amenity in this coveted location. The asking price for this remarkable multifamily property is $11,634,000. This is one of only seven market-rate apartment buildings in Sausalito with over 15 units, making it a truly unique and valuable asset. The property's central location and attractive features make it an ideal investment for discerning buyers seeking a strong return in a thriving California coastal community.

Location Insight

City

Sausalito

County

Marin

State

California

Latitude

37.8593

Longitude

-122.487

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