545 Bridgeway Street, Sausalito, CA 94965, Sausalito, 94965 - 8 bed, 10 bath
ACTIVE UNDER CONTRACT$3,900,000$4,488/sqft
545 Bridgeway Street, Sausalito, CA 94965
8Beds
10Baths
4,488Sqft
6,098Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Trophy Location: Situated on Bridgeway Street in Sausalito, this property boasts a highly desirable and scenic 'Trophy Location' known for its premium real estate value and appeal.
Top Cons:
Active Under Contract Status: The property is currently 'Active Under Contract,' limiting immediate purchase opportunities and requiring potential buyers to submit backup offers.
Compared to the nearby listings
Price:$3.90M vs avg $1.92M (+$1,975,500)75%
Size:4,488 sqft vs avg 2,997 sqft75%
Price/sqft:$869 vs avg $69850%
More Insights
Built in 1962 (64 years old).
Condition: Built in 1962, the property has received some updates, including a new roof in 2021 and a recently renovated bathroom with modern fixtures. However, the kitchen, while functional with updated countertops and some stainless steel appliances, features older-style wood cabinets and a less modern range. The overall building infrastructure, particularly the visible electrical panels, appears dated. While well-maintained and livable, it requires minor updates to bring all components to a contemporary standard, fitting the 'Fair' category.
Year Built
1962
Close
-
List price
$3.9M
Original List price
-
Price/Sqft
$869
HOA
$0
Days on market
-
Sold On
-
MLS number
325025883
Home ConditionFair
Features
Excellent View:
Deck
Patio
View-
About this home
four fully leased, two bedroom two bath apartments. water views, parking and laundry onsite. Trophy Location. New roof in 2021.
M
Mark Cooper
Listing Agent
Condition Rating
Fair
Built in 1962, the property has received some updates, including a new roof in 2021 and a recently renovated bathroom with modern fixtures. However, the kitchen, while functional with updated countertops and some stainless steel appliances, features older-style wood cabinets and a less modern range. The overall building infrastructure, particularly the visible electrical panels, appears dated. While well-maintained and livable, it requires minor updates to bring all components to a contemporary standard, fitting the 'Fair' category.
Pros & Cons
Pros
Trophy Location: Situated on Bridgeway Street in Sausalito, this property boasts a highly desirable and scenic 'Trophy Location' known for its premium real estate value and appeal.
Strong Income Generation: Comprising four fully leased, two-bedroom, two-bath apartments, the property offers immediate and stable rental income, making it an attractive investment opportunity.
Desirable Water Views: The property features sought-after water views, a premium amenity in Sausalito that significantly enhances its market value and tenant desirability.
Essential On-site Amenities: Convenient on-site parking and laundry facilities are provided, crucial amenities that contribute to tenant satisfaction and retention, especially in a dense urban environment.
Recent Capital Improvement: A new roof installed in 2021 indicates proactive property maintenance and reduces the likelihood of immediate major capital expenditures for the new owner.
Cons
Active Under Contract Status: The property is currently 'Active Under Contract,' limiting immediate purchase opportunities and requiring potential buyers to submit backup offers.
Property Age: Built in 1962, while a new roof is present, other major systems (e.g., plumbing, electrical, HVAC) may be original or require significant updates, potentially leading to future capital expenditures.
High Investment Threshold: With a list price of $3.9 million, this property represents a substantial investment, which may narrow the pool of prospective buyers.