Sausalito, CA 94965 506-508 Spring St
$2,395,000
14 more
Presented By: Katie Wigington with Berkshire Hathaway
Beds • 4
Baths • 4
SQFT • 3,152
Home Details
Investment Opportunity in Sausalito! Discover a legacy building in the heart of Sausalito, featuring four 1BR/1BA units with decks. Each unit has been upgraded over the course of the building's lifetime, with newer kitchens and bathrooms. All units have been painted within the last 3 years, and floors have either been refinished or installed. Enjoy the convenience of four covered parking spaces and four additional tandem, uncovered spots, and private laundry and storage for each unit. Relax or BBQ in the large, shared backyard. Perfect for owner-occupants or investors, all units are currently rented, with 2 units on a month-to-month. Possibility for ADU and/or Condo conversion. Just one block to the bus, a 15-minute walk to the ferry, and close to San Francisco, 101 & 580. Surrounded by numerous restaurants, shops, and the best views in Marin!
Presented By: Katie Wigington with Berkshire Hathaway
Interior Features for 506-508 Spring St
Bedrooms
Unit 1 Bedrooms1
Unit 3 Bedrooms1
Unit 2 Bedrooms1
UnitType4BedroomUnitsTotal0
Unit 1 Bedroom Units Total4
Unit 2 Bedroom Units Total
Unit 3 Bedroom Units Total
Unit 4 Bedrooms1
Bathrooms
Unit 4 Full Baths1
Unit 1 Full Baths1
Unit 2 Full Baths1
Unit 3 Full Baths1
Unit 2 Partial Baths
Unit 1 Partial Baths
Unit 4 Partial Baths
Other Interior Features
Unit 4 TypeApartment
Unit 3 TypeApartment
Unit 2 TypeApartment
Unit 1 TypeApartment
Unit 2 DescriptionTenant occupied M/M 788 sf 1B/1BA, kitchen living /dining - Currently month to month
Unit 3 DescriptionTenant Occupied: 788 sf 1B/1BA, kitchen living /dining - Leased thru December 14th 2025
Unit 4 Descriptiontenant lease 788 sf 1B/1BA, kitchen living /dining - Currently month to month
Unit 1 Description506A tenant occupied 788 sf 1B/1BA, lease expires: August 14th 2025
Unit 1 Approx SqFt788
Unit 2 Approx SqFt788
Unit 3 Approx SqFt788
Unit 4 Approx SqFt788
LivingAreaSourceOwner
# Studios Occupied
UnitTypeStudioUnitsTotal
FlooringVaries by Unit
Laundry FeaturesLaundry Closet
Total Stories
Other Rooms
Unit 1 # of Rooms2
Unit 2 # of Rooms2
Unit 3 # of Rooms2
Unit 4 # of Rooms2
General for 506-508 Spring St
# of Guest Space(s)
4 Bedroom Rent Range
AppliancesDisposal, Free Standing Electric Range, Free Standing Refrigerator, Gas Water Heater, Varies By Unit, See Remarks
Architectural StyleMid-Century
AuctionNo
Cap Rate3.71
Carport Spaces4.00
CitySausalito
Close Price0.00
Construction MaterialsStucco
CoolingNone
CountyMarin
DirectionsBridgeway to Spring
Energy EfficientRoof
Garage Spaces0.00
Gross Income141300
Gross Rent Multiplier0.00
HOANo
HOA Fee$
HeatingWall Furnace
LevelsTwo
Lot Size Square Feet6000.00
Lot Size UnitsSqFt
MLS AreaSausalito
Number Of Units Total4
Open Parking Spaces4.00
Patio/Porch FeaturesBalcony/Deck
PossessionClose Of Escrow, Subject To Tenant Rights
Property ConditionVaries by Unit
Property SubtypeQuadruplex
Property TypeResidential Income
Security FeaturesCarbon Mon Detector, Fire Extinguisher, Smoke Detector
SewerPublic Sewer
Standard StatusActive
StatusActive
Subtype DescriptionApartments
Tenant PaysCable TV, Electricity, Gas, Trash Collection, Water
UnitTypeCommercialUnitsTotal0
ViewBay, Varies by Unit
Year Built1955
Year Built SourceAssessor Agent-Fill
Exterior for 506-508 Spring St
Covered Spaces4.00
Exterior AmenitiesFenced Yard, Yard Space
Independent Parking Spaces
Lot FeaturesShape Regular
Lot Size Acres0.1377
Lot Size SourceNot Verified
Number of Buildings1
Parking FeaturesCovered, Uncovered
Tandem Parking Spaces4
Total Parking8.00
Water SourceWater District
Additional Details
Price History
Sean Gaynor-Rousseau
Broker Associate