Prime Sausalito Fourplex

415 Johnson Street, Sausalito, CA

Marcus Robinson | Cal Lic #00609415

Offered at: $2,250,000
beds
5 Beds
bath
4 Baths
buildings
2,585 SQFT
fence
5,700 sqft

Prime Sausalito Fourplex

Exceptional Four-Unit Investment Opportunity in the Heart of Sausalito Ideally situated just minutes from vibrant downtown Sausalito, this well-maintained four-unit property presents an outstanding investment opportunity in one of Marin County's most desirable waterfront communities. Residents enjoy easy access to acclaimed restaurants, charming boutiques, waterfront cafes, and the picturesque promenade along the bay, where breathtaking views of the San Francisco skyline, Angel Island, and the surrounding waterfront create an extraordinary everyday setting. The property consists of three one-bedroom, one-bath residences and one spacious two-bedroom, one-bath residence, offering a desirable unit mix that appeals to a broad range of tenants. Each residence includes its own private laundry facilities and dedicated storage, providing conveniences rarely found in comparable investment properties. Further enhancing the property's appeal are three private one-car garages, adding valuable off-street parking and additional income potential. Whether commuting to San Francisco by ferry, enjoying nearby parks and waterfront walking paths, or taking advantage of Sausalito's renowned dining and shopping, tenants will appreciate the exceptional lifestyle this premier location provides. Combining a highly sought-after location, desirable amenities, and strong tenant appeal, 415 Johnson Street represents a rare opportunity to acquire a quality income property in one of the Bay Area's most iconic coastal communities.

Features

  • Address: 415 Johnson Street, Sausalito
  • Parcel Number: 065-62-15
  • Year Built: 1909
  • Number of Units: 4
  • Number of Buildings: 1
  • Building Square Footage: 2,585 Sq. Ft. Approx.
  • Unit A: 910 Sq. Ft. Approx.
  • Unit B: 555 Sq. Ft. Approx.
  • Unit C: 500 Sq. Ft. Approx.
  • Unit D: 620 Sq. Ft. Approx.
  • Price per Unit: $562,500.00
  • Price per Square Foot: $870.40
  • Lot Square Footage: 5,700 Sq. Ft.
  • Construction: Wood Frame
  • Exterior: Stucco
  • Roof: Composite Shingle, Modified Bitumen
  • Foundation: Concrete Perimeter
  • Parking: 3 cars
  • Laundry: In each unit
  • Utilities (Tenants): PG&E and Trash
  • Utilities (Owner): Water, Sewage, and Gardening*

* For common areas.

  • Purchase Price: $2,250,000.00
  • Cap Rate: 5.79%
  • Gross Income: $157,260.00
  • Expenses: $27,066.00
  • Net Operating Income: $130,194.00
  • Unit A: 2 BR - 1 BA, 910 Sq. Ft., Current Rent: $3,400.00, Market Rent: $3,800.00
  • Unit B: 1 BR - 1 BA, 555 Sq. Ft., Current Rent: $2,800.00, Market Rent: $3,000.00
  • Unit C: 1 BR - 1 BA, 500 Sq. Ft., Current Rent: $2,775.00, Market Rent: $2,900.00
  • Unit D: 1 BR - 1 BA, 620 Sq. Ft., Current Rent: $3,200.00, Market Rent: $3,300.00
  • Garage 1: Current Rent: $315.00, Market Rent: $315.00
  • Garage 2: Current Rent: $315.00, Market Rent: $315.00
  • Garage 3: Current Rent: $300.00, Market Rent: $315.00
  • Monthly Gross Income: $13,105.00
  • Gross Annual Income: $157,260.00
  • Projected Monthly Gross Income: $13,945.00
  • Projected Annual Gross Income: $167,340.00

* Market rents are estimates.
** All square footage is approximate.

  • Property Taxes: $18,486.00
  • Insurance: $4,780.00
  • Water and Sewer: $800.00
  • Repairs and Maintenance: $3,000.00
  • Total Annual Expenses: $27,066.00

Photo Gallery

Floor Plans1
Floor Plans2
Floor Plans3
Floor Plans4
Floor Plans5
Floor Plans6

Map Location

415 Johnson Street, Sausalito, CA




Marcus Robinson

Senior Marketing Consultant
Cal Lic #00609415


Coldwell Banker Reatly
104 Tiburon Blvd., Ste. 200
Mill Valley, CA 94941, USA
Real Estate Website powered by
415 Johnson Street, Sausalito, CA
415johnson.com Load Balanced (P5.18.144.0.115)