507 Easterby Street

Sausalito, CA 94965

$1,650,000
Last Sold Price
Beds
2,516 Sq. Ft.
$656 / Sq. Ft.
2,516
Sq. Ft.
$656
per Sq. Ft.

Description

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...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.

Listing Agent

  1. Hanna John Azar

    Hanna John Azar

    Alternative Listing Agent

    Compass

    DRE #02005698

Property Details for 507 Easterby Street

MLS City Name
SAUSALITO
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
0
View
Bay, Marina, Water
Cross Street
Bridgeway
LISTING UPDATED: 03/16/2024 09:51 AM

Property Details for 507 Easterby Street

StatusSold
MLS #ML81936023
Days on Compass144
Taxes$22,007 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1913
Lot Size0.11 AC / 5,000 SF
CountyMarin County
Buyer's Agent Compensation2%

Virtual Tour

Building Information for 507 Easterby Street

Stories2Residences4Year Built1913Building Size-Lot Size0.11 AC / 5,000 SF

Property Information for 507 Easterby Street

Features
Room Information
  • Kitchen: Cooktop - Gas, Countertop - Granite, Dishwasher, Refrigerator
Features
  • Amenities: Walk-in Closet
  • Communications: Cable TV
  • Fireplace: No
  • Flooring: Hardwood, Tile
  • Laundry: None
  • Living SqFt: 2516
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Electric
  • Meters: Master Water, Separate Electric, Separate Gas
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters
  • Water: Public
Carport and Parking
  • Carport Min: 0
Garage
  • Garage and Parking: No Garage, No Parking, On Street
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Sausalito
  • Roof: Shingle
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 507
  • Street Name: Easterby
  • Street Suffix: Street
  • Area ID: 21163
Lot / Property Details
Building Information
  • Number Of Stories: 2
  • Number of Buildings: 1
  • Structure SqFt: 2516
  • Structure SqFt Source: Assessor
  • Age: 110
Development Information
  • Construction Type: Wood Frame
  • Zoning Detail: MUL
Location Information
  • City Limits: Yes
  • Parcel Number: 064-142-17
  • County Name: Marin
  • City Name: SAUSALITO
  • City Postal ID: 220
  • Postal Code: 94965
  • Elementary School: 38032
  • Elementary School District: 1909
  • Middle School Text: Martin Luther King, Jr., Academy
  • High School District Text: Tamalpais Union High
  • High School Text: Tamalpais High
Lot Information
  • Foundation: Concrete Perimeter
  • Horse Property: No
  • Lot Acres: .11
  • Lot Description: Grade - Gently Sloped
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
  • Yard Grounds: Back Yard, Low Maintenance
Mobile / Manufactured Information
Other Information
  • Dual Variable: No
Multi Family Information
Building Information
  • No Of Leased: 1
General Information
  • Annual Tax Amount: $22,007
  • Building Unit Total: 4
  • Capitalization Rate: 5.01
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Income Includes: Rents
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $2,150
  • Expense Landscape: $0
  • Expense Maintenance: $2,000
  • Expense Management: $0
  • Expense Trash: $1,560
  • Expenses Other: $0
  • Expenses Utility: $7,821
  • Expenses Total: $35,538
  • Operating Expenses Include: Fee - Property Tax, Insurance, Maintenance, Services - Sewer, Services - Trash Removal, Utilities - Electric, Vacancy Factor
  • Gross Rent Multiplier: 13.77
  • Income Annual Gross: $123,093
  • Income Annual Rental: $126,900
  • Income Gross Scheduled: $126,900
  • Income Other: $0
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 1
Unit 2 Information
  • Unit 2 Full Bathrooms: 1
  • Unit 2 Number of Bedrooms: 1
Unit 3 Information
  • Unit 3 Full Bathrooms: 1
  • Unit 3 Number of Bedrooms: 1
Unit 4 Information
  • Unit 4 Full Bathrooms: 1
  • Unit 4 Number of Bedrooms: 2
  • Unit 4 Rent: $2,775

Property History for 507 Easterby Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 507 Easterby Street

Taxable ValueLand$716,310Additions$1,305,178Total$2,021,488
Tax Record2024$29,932 ($2,494 / month)
Home Facts
Lot Size5,000 SqFtStyleDuplexYear Built1913Year Renovated1980CountyMARINAPN064-142-17

Schools near 507 Easterby Street

This home is within Tamalpais Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 9 to 12
Public - 10 to 12
Rating
School
Distance
Dr. Martin Luther King Jr. Academy
PublicK to 8

Tamalpais High School
Public9 to 12

Tamiscal High (Alternative) School
Public9 to 12

San Andreas High (Continuation) School
Public10 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Hanna John Azar, DRE #02005698; Compass, Ismael Benhamida, DRE #01722847

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.