120 Bulkley Ave - Apartments FOR SALE


$16,000,000 USD
415-288-7811
120 Bulkley Ave, Sausalito, CA for Sale
$16,000,000 USD
Apartments - FOR SALE
1/52
null | 5.09% Cap Rate


HIGHLIGHTS

  • 7.1% Rental Upside
  • $571,429 Per Unit
  • In-Place Cap Rate of 5.09%
  • Irreplaceable Sausalito Location
  • Balconies with Views of the San Francisco Bay
  • Steps Away from the Heart of Downtown Sausalito

OVERVIEW

120 Bulkley Avenue is a rare multifamily investment opportunity located in the highly sought-after city of Sausalito, California. Constructed in 1959, this well-maintained asset offers a unique chance to acquire an apartment community in one of Marin County’s most supply-constrained and desirable submarkets. Situated on a 0.63-acre parcel, the property comprises a single, four-story residential building totaling 28 units. Each unit includes a private balcony, with the majority offering expansive views of the San Francisco Bay. On-site amenities include carport parking, additional garage storage, in-unit washer/dryers, and a highly walkable location, further enhancing tenant convenience and lifestyle. Residents enjoy direct access to the heart of Downtown Sausalito’s vibrant retail, dining, and arts district, as well as unparalleled access to the Sausalito ferry terminal—less than a five-minute walk via Excelsior Road—providing seamless connectivity to San Francisco’s Financial District and Fisherman’s Wharf.

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$791 USD /SF

# OF UNITS

28

PRICE/UNIT

$571,429

CAP RATE

5.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Pier at Sausalito

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1959

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

R-3

APN/PARCEL ID

065-071-23

ASK ABOUT THIS PROPERTY

Matt FlahertyColliersMore Info
415-288-7811

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Matt FlahertyColliersMore Info
415-288-7811

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.