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The Pier at Sausalito 120 Bulkley Ave 28 Unit Apartment Building $22,488,509 CAD ($803,161 CAD/Unit) 5.02% Cap Rate Sausalito, CA 94965
Executive Summary
120 Bulkley Avenue, 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 Lane Stairway—providing seamless connectivity to San Francisco’s Financial District and Fisherman’s Wharf.
Property Facts
| Price | $22,488,509 CAD | Apartment Style | Mid-Rise |
| Price Per Unit | $803,161 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.63 AC |
| Cap Rate | 5.02% | Building Size | 20,235 SF |
| No. Units | 28 | No. Stories | 4 |
| Property Type | Multifamily | Year Built/Renovated | 1959/1980 |
| Property Subtype | Apartment | ||
| Zoning | R-3 - 2128 - Multiple Family Residential | ||
| Price | $22,488,509 CAD |
| Price Per Unit | $803,161 CAD |
| Sale Type | Investment |
| Cap Rate | 5.02% |
| No. Units | 28 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.63 AC |
| Building Size | 20,235 SF |
| No. Stories | 4 |
| Year Built/Renovated | 1959/1980 |
| Zoning | R-3 - 2128 - Multiple Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Washer/Dryer
- Hardwood Floors
- Oven
Site Amenities
- 24 Hour Access
- Picnic Area
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | 700 |
| 2+2 | 4 | - | 850 |
1 1
Walk Score®
Very Walkable (77)
Property Taxes
| Parcel Number | 065-071-23 | Improvements Assessment | $10,485,229 CAD |
| Land Assessment | $9,975,391 CAD | Total Assessment | $20,460,621 CAD |
Property Taxes
Parcel Number
065-071-23
Land Assessment
$9,975,391 CAD
Improvements Assessment
$10,485,229 CAD
Total Assessment
$20,460,621 CAD
Contacts
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Matt Flaherty -
Bradley Lagomarsino -
Ryan Rodriguez -
Dustin Dolby -
Ben Wemer -
Colliers
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
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Street
Map
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The Pier at Sausalito | 120 Bulkley Ave
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