20 Woodward Ave - Apartments FOR SALE


$3,100,000 USD
415-302-2144
20 Woodward Ave, Sausalito, CA for Sale
$3,100,000 USD
Apartments - FOR SALE
1/13
null | 3.82% Cap Rate


HIGHLIGHTS

  • Highly desirable rental location in Sausalito, an affluent, waterfront community located across the Golden Gate Bridge from SF
  • Easy access to the Sausalito ferries which travel to the Historic Ferry Building in the Financial District
  • Attractive amenity package including off-street parking, upgraded windows, on-site washer and dryer, and views of SF Bay / Mt. Tamalpais
  • All units have private decks and/or patios
  • All units have access to extra on-site storage
  • Compelling valuation and attractive financing options

OVERVIEW

Built in 1960, 20 Woodward Ave is situated on a 0.14-acre lot and consists of 3,325 net rentable square feet. The property is located in hills of Sausalito, just across the Golden Gate Bridge from San Francisco and is in close proximity to Bridgeway, a major thoroughfare for southern Marin County. 20 Woodward Ave is also situated just over a half mile from U.S. Interstate 101, providing residents with convenient access to job centers in Marin County and San Francisco County. The property offers investors a very compelling opportunity in Sausalito. This property is in excellent condition and the property offers spectacular views of San Francisco Bay and Mount Tamalpais. 20 Woodward Avenue is located in a quiet neighborhood with ample off-street, street parking and great weather. The building offers a superior location with large units, new windows and beautiful interior finishes. The property features high income rental units with low maintenance costs and is simple enough to manage for first time investment property buyers. This property offers investors a unique and rare opportunity to acquire a premier three-unit property in Sausalito. 20 Woodward Ave offers a first-class property in Marin County’s premier city. The property is located in Sausalito’s “banana-belt” and benefits from San Francisco Bay views. Tenants will enjoy unparalleled as access to the North Bay, a short walk to the Sausalito ferries servicing San Francisco and the greater Bay Area. Sausalito is a beautiful waterfront community located on the southern tip of Marin County, just across the Golden Gate Bridge from San Francisco. Sausalito provides world-class hotels and restaurants and a diverse selection of shopping, including art galleries and retail fashion. Sausalito is the most well-known city in Marin County. Marin is a dynamic community of 250,000 well-educated and involved residents. From its tidelands to the top of Mt. Tamalpais, Marin enjoys a high quality of life marked by beautiful beaches, groves of redwoods and oaks, rolling foothills, and scenic valleys.

FOR SALE DETAILS

PRICE

$3,100,000 USD

PRICE/SF

$1,033 USD /SF

# OF UNITS

3

PRICE/UNIT

$1,033,333

CAP RATE

3.82%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

R-2-2.5, Sausalito

APN/PARCEL ID

064-201-05

ASK ABOUT THIS PROPERTY

Erich ReichenbachMarcus & MillichapMore Info
415-302-2144

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Erich ReichenbachMarcus & MillichapMore Info
415-302-2144

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