$15,500,000
SOLD OCT 30, 2017

120 Bulkley Ave Sausalito, CA 94965

32 Beds
-- Bath
20,235 Sq Ft
0.66 Acres

Recently Sold

$766 Per Sq Ft

50 Days on Market

Highlights

  • Marina View
  • 0.66 Acre Lot
  • Central Heating
  • Tamalpais High School Rated A
  • Wood Flooring
  • 2-minute walk to Plaza Vina Del Mar

About This Home

As of January 2022

Rare opportunity to acquire one of the most desirable buildings in Marin. Consisting of one, 4-story residential building on a 0.66-acre parcel, the property features 28 residential units in a fantastic location overlooking the SF Bay. Given its attractive location, the ability to capture additional income simply by raising rents to market levels, property is well suited to provide investors with healthy returns and long-term appreciation.

Last Agent to Sell the Property

Erich Reichenbach

Marcus & Millichap Real Estate License #01860626 Listed on: 08/07/2017

Last Buyer's Agent

Erich Reichenbach

Marcus & Millichap Real Estate License #01860626 Listed on: 08/07/2017

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1959

Lot Details

  • 0.66 Acre Lot

Parking

  • 36 Car Garage
  • Carport
  • Tandem Garage

Property Views

  • Marina
  • Bay
  • Panoramic
  • Bridge
  • City
  • Mountain

Home Design

  • 20,235 Sq Ft Home
  • Concrete Foundation
  • Pillar, Post or Pier Foundation
  • Bitumen Roof

Flooring

  • Wood
  • Carpet

Utilities

  • Central Heating
  • Natural Gas Connected
  • Individual Gas Meter
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Community Details

  • 28 Units
  • Laundry Facilities
  • Gross Income $713,400

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 065-071-23

Property Details

Home Type

Multi-Family

Year Built

Built in 1959

Lot Details

0

Parking

36

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Directions To Property: Bridgeway to Princess to Bulkley
  • Lot Size Acres: 0.6552
  • CapRate: 2.68
  • Actual or Scheduled: Actual
  • Special Features: None
  • Stories: 0

Interior Features

  • Appliances: Gas Water Heater
  • Flooring: Carpet, LVYN, Wood
  • Price Per Square Foot: 766.00
  • Square Footage: 20235
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete, Pillar/Post/Pier
  • Roof: Bitumen
  • View: Bay, Bridges, City, Mountains, Marina, Panoramic, Water

Garage/Parking

  • Parking Features: Carport, Covered, Garage, Tandem Garage
  • Garage Spaces: 36

Utilities

  • Sewer: Public Sewer
  • Utilities: Cable Available, City, Internet Available, All Electric, Natural Gas Connected, PGEE
  • Water Source: Public
  • Heating: Central
  • Laundry Features: Coin Operated
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 065-071-23
  • Lot Size Sq Ft: 28541

Rental Info

  • TenantPays: Electricity, Gas

Building Info

  • Year Built: 1959

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: 1450-2200
  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: 3050-3400
  • Number Of1 Bedrooms Occupied: 24
  • Number of 1 Bedroom Units: 24
  • Number Of2 Bedrooms Occupied: 4
  • Number of 2 Bedroom Units: 4
  • NumberOfUnitsTotal: 28

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2022 01/07/22 Sold $1,105,000 0.0% $769 / Sq Ft
11/30/2021 11/30/21 Off Market $1,105,000 -- --
10/30/2017 10/30/17 Sold $15,500,000 0.0% $766 / Sq Ft
09/26/2017 09/26/17 Pending -- -- --
08/07/2017 08/07/17 For Sale $15,500,000 +2981.2% $766 / Sq Ft
06/07/2013 06/07/13 Sold $503,050 +0.8% $499 / Sq Ft
06/06/2013 06/06/13 Pending -- -- --
05/22/2013 05/22/13 Sold $499,000 -0.8% $216 / Sq Ft
05/01/2013 05/01/13 For Sale $503,050 +0.8% $499 / Sq Ft
02/19/2013 02/19/13 Pending -- -- --
12/05/2012 12/05/12 For Sale $499,000 -- $216 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Paul Bergeron

    Seller's Agent in 2022

    Paul Bergeron

    Paul Bergeron Real Estate

    (415) 332-7539

    1 in this area

    13 Total Sales

    Paul Bergeron
    Section Image
  • Lisa Zahner

    Buyer's Agent in 2022

    Lisa Zahner

    City Real Estate

    (415) 948-5747

    1 in this area

    36 Total Sales

    Lisa Zahner
    Section Image
  • Erich Reichenbach

    Seller's Agent in 2017

    Erich Reichenbach

    Marcus & Millichap Real Estate

    (415) 625-2146

    1 in this area

    10 Total Sales

    Erich Reichenbach
    Section Image
  • Wayne Stranton

    Seller's Agent in 2013

    Wayne Stranton

    Ajility Real Estate

    (415) 261-8413

    7 Total Sales

    Wayne Stranton
    Section Image

  • M

    Seller's Agent in 2013

    Michael Brinkman

    Michael E. Brinkman

    (415) 577-6786

    Michael Brinkman
    Section Image

  • S

    Seller Co-Listing Agent in 2013

    Stranton Associates

    Ajility Real Estate

    (415) 497-3410

    1 in this area

    20 Total Sales

    Stranton Associates
    Section Image
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21718545

Bay Area Real Estate Information Services (BAREIS)

APN: 065-071-23

California Marin County Sausalito 94965

120 Bulkley Ave, Sausalito, CA

This home is located at 120 Bulkley Ave, Sausalito, CA 94965 and is currently priced at $15,500,000, approximately $765 per square foot. This property was built in 1959. 120 Bulkley Ave is a home located in Marin County with nearby schools including Dr. Martin Luther King, Jr. Academy - Nevada Campus, Tamalpais High School, and The New Village School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bay Area Real Estate Information Services (BAREIS) Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.

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