47 Bulkley Ave - Apartments FOR SALE


$9,995,000 USD
415-497-7944
47 Bulkley Ave, Sausalito, CA for Sale
$9,995,000 USD
Apartments - FOR SALE
1/47
null | 3.6% Cap Rate


HIGHLIGHTS

  • Full or Partial Water Views from Every Unit Except One Studio
  • Exceptional Location Downtown – Minutes from Sausalito Ferry and Golden Gate Bridge – Located in Sausalito’s Banana Belt
  • Flexible Configuration of Units Allowing for Owner Occupancy in Main Residence or Additional Units
  • Multiple Types of Desirable Units Available Creating a Wide Tenant Pool
  • Attractive Upside for Future Returns

OVERVIEW

Perched above the Sausalito waterfront in one of the city’s earliest and most storied hillside neighborhoods, 47 Bulkley is a remarkable property filled with historic character, extraordinary views, and enduring Sausalito charm. Built in 1904, the residence reflects the rich architectural history of The Hill, one of Sausalito’s first residential enclaves. Bulkley Avenue gets its name from Colonel Charles S. Bulkley, the pioneering surveyor associated with the original Sausalito Land and Ferry Company. The setting is spectacular. From its elevated position in Sausalito's Banana Belt, sweeping vistas extend across Richardson and San Francisco Bays to Angel Island, the San Francisco skyline, the Bay Bridge and beyond. The ever-changing backdrop of sailboats, ferries, city lights, swooping pelicans, playful seals, and brilliant sun and moonrises bestows a serene and magical experience. An expansive outdoor terrace invites long afternoons in the sun, al fresco dinners in the moonlight, and effortless entertaining against one of the Bay Area’s most iconic panoramas. Inside, rich wood detailing, handsome millwork, and beautifully proportioned rooms speak to the home’s architectural heritage, while oversized windows frame the views like works of art. The flexible configuration, with the residence at the heart of the property and eleven additional income-producing units, adds another dimension of value, offering an uncommon combination of historic significance, lifestyle, and utility. This truly will be the jewel in any investor's portfolio. Aromatic jasmine, citrus, and apple trees thrive in the verdant meandering garden irrigated by the natural spring. Surrounded by mature landscaping accented with vibrant hydrangea and bougainvillea, and tucked into the hillside above downtown, 47 Bulkley feels remarkably private while remaining moments from Sausalito’s waterfront, restaurants, cafés, galleries, and marinas. Properties with this combination of history, scale, flexibility, and commanding Bay views rarely become available. More than a residence, 47 Bulkley is a unique and enchanting oasis.

FOR SALE DETAILS

PRICE

$9,995,000 USD

PRICE/SF

$1,145 USD /SF

# OF UNITS

12

PRICE/UNIT

$832,917

CAP RATE

3.6%

% LEASED

91%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1950

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,543 SF

ZONING

R-3

APN/PARCEL ID

065-165-01

ASK ABOUT THIS PROPERTY

Dorsi BonnerCompassMore Info
415-497-7944

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Dorsi BonnerCompassMore Info
415-497-7944

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