Located a short distance to boutiques, restaurants, Golden Gate Bridge, world class hiking trails, marina and yacht harbor, 507 Easterby is a charming four-unit apartment building located in Sausalito. Three out of the four units were delivered vacant. The property featured many upgrades including a recently upgraded 400 Amp electrical with new panels, copper plumbing, new roof, and fumigation, among other upgrades.

Despite being previously marketed unsuccessfully by another broker, Ismael and Hanna successfully facilitated the property's sale. Collaborating with an accessory dwelling units consultancy, we devised a conceptual plan for the construction of two additional exterior accessory dwelling units. This strategic move enabled potential buyers to grasp the property's promising future.

Moreover, Ismael and Hanna guided the sellers through the intricacies of a tax-deferred 1031 exchange, aiding them in identifying a suitable replacement property. To ensure a smooth transition, we skillfully negotiated multiple extension options, affording the sellers ample time to secure their new investment.

• Seller Representation

• Previously unsuccessfully marketed by another agent.

• Price Per Unit -$412,500

• Price Per SqFt -$655

• Cap Rate- 5.37%

• Lowest $/SqFt in Sausalito

  One of only 51 Fourplexes in Sausalito, CA