NOT LISTED FOR SALE

507 Easterby St Sausalito, CA 94965

5 Beds
4 Baths
2,516 Sq Ft
5,001 Sq Ft Lot

Last Sold March 13, 2024

Last sale price $1,650,000 $656 Per Sq Ft

143 Days on Market

Highlights

  • Marina View
  • Wood Flooring
  • Walk-In Closet
  • Tamalpais High School Rated A
  • Granite Countertops
  • Gentle Sloping Lot

About This Home

As of March 2024

Major Price Reduction! Rarely available fourplex (1 of only 51) in highly prestigious & charming Sausalito. Walking distance to boutiques, restaurants, Golden Gate Bridge, world class hiking trails, & marina & yacht harbor. Lowest $/SqFt in core Sausalito. Scheduled 5.01% Cap Rate & 14.2 GRM. One 2-bed/1-bath w/ bay views and 3 vacant 1-bed/1-bath units. Floor to ceiling windows & hardwood floors. The large 5,000 SqFt lot is 200 ft deep! The massive backyard is unused & ADU consultants have determined that two 2-bed/1-bath ADUs can be added (ADU proposal available). Over $100k spent in past 2 years for 400 amp electrical w/ new panels, copper plumbing upgrades, a new roof, fumigation, paint, & epoxy flooring. Opportunity for new owner to renovate the units to achieve top rents. The rent growth, shortage of housing units, & ADU potential make 507 Easterby Street an exceptional investment for both the cash flow & appreciation minded investor.

Last Agent to Sell the Property

Ismael Benhamida

Compass License #01722847 Listed on: 07/24/2023

Compass

Co-Listed By

Hanna John Azar

Compass License #02005698

Last Buyer's Agent

Dena Bliss

Ascend Real Estate License #02129735

Property Details

Home Type

  • Multi-Family

Year Built

  • 1913

Lot Details

  • 5,001 Sq Ft Lot
  • Gentle Sloping Lot
  • Grass Covered Lot
  • Back Yard

Property Views

  • Marina
  • Bay

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof
  • Concrete Perimeter Foundation

Interior Spaces

  • Walk-In Closet
  • 2,516 Sq Ft Home
  • 2-Story Property

Kitchen

  • Gas Cooktop
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Parking

  • No Garage
  • On-Street Parking

Utilities

  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Total Actual Rent $126,900

Community Details

Overview

Building Details

  • 1 Leased Unit
  • Insurance Expense $2,150
  • Maintenance Expense $2,000
  • Utility Expense $7,821
  • Trash Expense $1,560
  • Operating Expense $35,538
  • Gross Income $123,093

Property Details

Home Type

Multi-Family

Year Built

1913

Lot Details

0

Listing Details

  • Zoning: MUL
  • Subclass: Fourplex
  • Age: 110
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 2516
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1913

Interior Features

  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Refrigerator
  • Living Sq Ft: 2516
  • Stories: 2
  • Flooring: Hardwood, Tile

Exterior Features

  • Foundation: Concrete Perimeter
  • Roof: Shingle
  • View: Bay, Marina, Water
  • Yard/Grounds: Back Yard, Low Maintenance
  • Construction Type: Wood Frame

Garage/Parking

  • Garage Parking Features: No Garage, No Parking, On Street

Utilities

  • Heating System: Electric
  • Sewer/Septic System: Sewer - Public

Association/Amenities

  • Amenities Miscellaneous: Walk-In Closet

Schools

  • School District: Tamalpais Union High
  • Elementary School: Bayside Martin Luther King Jr. Academy
  • Middle School: Martin Luther King, Jr., Academy
  • High School: Tamalpais High
  • High School: 30658
  • Elementary School: 38032
  • Middle School: 30649

Lot Info

  • Lot Description: Grade - Gently Sloped
  • Lot Acres: 0.1148
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5000.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5000.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 13.77
  • Number Of Leased: 1

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Expense Insurance: 2150
  • Expense Maintenance: 2000
  • Expenses Total: 35538
  • Expenses Utility: 7821
  • Expense Trash: 1560
  • Income Annual Gross: 123093.00
  • Income Annual Rental: 126900
  • Income Gross Scheduled: 126900
  • Income Includes: Rents
  • Meters: Master Water, Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Services - Trash Removal, Utilities - Electric, Vacancy Factor
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

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
03/13/2024 03/13/24 Sold $1,650,000 -5.6% $656 / Sq Ft
12/15/2023 12/15/23 Pending -- -- --
10/18/2023 10/18/23 Price Changed $1,748,000 -7.9% $695 / Sq Ft
07/24/2023 07/24/23 For Sale $1,898,000 -0.4% $754 / Sq Ft
05/21/2021 05/21/21 Sold $1,905,000 0.0% --
03/19/2021 03/19/21 Pending -- -- --
07/16/2020 07/16/20 For Sale $1,905,000 -- --
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Ismael Benhamida

    Seller's Agent in 2024

    Ismael Benhamida

    Compass

    (408) 373-6195

    1 in this area

    39 Total Sales

    Ismael Benhamida
    Section Image
  • Hanna John Azar

    Seller Co-Listing Agent in 2024

    Hanna John Azar

    Compass

    (650) 314-7200

    1 in this area

    14 Total Sales

    Hanna John Azar
    Section Image

  • D

    Buyer's Agent in 2024

    Dena Bliss

    Ascend Real Estate

  • N

    Seller's Agent in 2021

    Narodny Team

    Alamere Real Estate

    (415) 847-0309

    3 in this area

    180 Total Sales

    Narodny Team
    Section Image
  • Deborah Cole

    Buyer's Agent in 2021

    Deborah Cole

    Compass

    (415) 497-9975

    6 in this area

    68 Total Sales

    Deborah Cole
    Section Image
See All Agents

Map

Source: MLSListings

MLS Number: ML81936023

MLSListings

APN: 064-142-17

California Marin County Sausalito 94965

507 Easterby St, Sausalito, CA

This home is located at 507 Easterby St, Sausalito, CA 94965 since 24 July 2023. This property was built in 1913. 507 Easterby St 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.

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