Property Overview:
48 Bulkley Ave is a Victorian fourplex in the coveted Banana Belt of Sausalito, CA, originally built in 1895. The property features 4 units: a spacious 2-bedroom, 2.5-bath owner’s unit (approx. 2,640 sq. ft.) with elevator access, plus two 1-bedroom units and a studio. The total living area is approximately 4,370 sq. ft. The property is lender-owned (REO), offered as-is, and is currently priced below the lender’s cost after a recent $650,000 price reduction. Stunning San Francisco and Bay views.
- Estimated market value: Ranges from $2,340,000 to $3,596,457 (varies by source).
- Current status: Pre-foreclosure / REO.
- Parking: Enclosed 2-car carport with iron gates.
- Historic charm: Features a romantic turret, vaulted ceilings, and vintage details.
Neighborhood Highlights:
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Crime Rate:
- Personal crime risk: 2.1% (well below CA average of 11.8%).
- Property crime risk: 6.3% (below CA average of 10.8%).
- Neighborhood is considered relatively safe.
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Schools:
- Nearby schools: Bayside Martin Luther King Jr. Academy, Del Mar Middle, Tamalpais High.
- State average SAT score: 975.
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Job Market:
- 75.8% white-collar jobs, 24.2% blue-collar jobs.
- Unemployment rate: 3.2% (lower than state average of 4.7%).
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Demographics:
- Population: 10,093 (up 3% since 2000).
- 45% families with children.
- Largest age group: 45-54 years (17.23%), followed by 35-44 years (16.42%).
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Natural Disaster Risk:
- Low flood risk, low tornado risk, high earthquake risk.
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Weather:
- Average temperature: 49.1°F (January), 66.4°F (July).
- Average rainfall: 22.5 inches/year.
- Average snowfall: 0 inches/year.
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Cost of Living:
- Median household income: $109,449.
- Average annual spending: $73,474.
Property Features:
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Owner’s Unit (48 Bulkley Ave):
- 2 bedrooms, 2.5 bathrooms, approx. 2,640 sq. ft.
- Vaulted ceilings, fireplaces in living room & primary suite.
- Large kitchen, separate laundry room, sauna, wine cellar.
- Glassed-in sunroom with panoramic SF skyline views.
- Private office and his/hers bathrooms.
- Elevator and private stairway access.
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Rental Units:
- Unit 50: 1BR/1BA, approx. 675 sq. ft., large fenced patio.
- Unit 50A: 1BR/1BA, approx. 690 sq. ft., enclosed sunroom, SF views.
- Unit 50B: Studio, approx. 365 sq. ft., long-term tenant ($1,000/mo).
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All units separately metered; tenants pay their own utilities.
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Heating: Forced air (owner’s & 50), electric wall heaters (50A & 50B).
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Four individual water heaters (recently replaced).
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Some units vacant and available for viewing; others tenant-occupied.
Location Benefits:
- Prime Sausalito “Banana Belt” location:
- Short walk to downtown, shops, and restaurants.
- Peaceful, elevated setting with breathtaking Bay and city views.
- Commuter-friendly: Easy access to San Francisco via ferry or highway.
- Flexible income potential: Live in the owner’s unit, rent out others.
- Historic character with opportunity for remodel/updating.
- No HOA fees.
Summary:
48 Bulkley Ave is a rare, historic Victorian fourplex in Sausalito’s most desirable neighborhood, offering spectacular views, flexible living/income options, and significant upside potential for investors or owner-occupants seeking a unique property with both charm and opportunity.