516 Richardson ST, Sausalito, CA 94965
516 Richardson ST, Sausalito, CA 94965
516 Richardson ST, Sausalito, CA 94965
516 Richardson ST, Sausalito, CA 94965
516 Richardson ST, Sausalito, CA 94965
516 Richardson ST, Sausalito, CA 94965
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Dave Silva

Dave Silva

+1(916) 622-2130
Listed by Yasmine McGrane Corcoran Icon Properties 
$ 4,695,000
Est. payment | /mo

5,577 SqFt

Save Virtual Tour
$ 4,695,000
Est. payment | /mo
Save Virtual Tour

5,577 SqFt

Open House

Sat Jun 20, 2:00pm - 4:00pm

Sun Jun 21, 1:00pm - 3:00pm

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,577 sqft

Price per Sqft $841

MLS Listing ID 326035729

Style Mediterranean

HOA Y/N No

Year Built 1925

Lot Size 6,373 Sqft

Acres 0.1463

Property Sub-Type 5 or More Units

Property Description

Investor Alert! Rare trophy property on one of the most coveted blocks in historic Old Town Sausalito, offering panoramic views of the San Francisco Bay, city skyline, Angel Island, and Alcatraz. Set on a prime corner lot along a quiet cul-de-sac, this Mediterranean-style villa features two circa-1920 buildings on a single parcel with six units, four garages, and a dedicated office/flex space. The unit mix includes four light-filled 1BD/1BA upper residences and two spacious 3BD/2BA middle-level units. Many units enjoy east-facing water views, private entrances, hardwood floors, fireplaces, and classic period details. All units are separately metered for PG&E and water. The property's distinctive architecture - arched walkways, clay tile accents, and interconnected courtyards - creates a cohesive and inviting environment. Additional amenities include four large garage/flex spaces, storage rooms, office space, and a common laundry facility with restroom, offering multiple avenues for added income. Ideally located just blocks from Sausalito's waterfront, ferry, shops, dining, Southview Park, and Swede's Beach, tenants enjoy an exceptional lifestyle with convenient access to San Francisco by ferry, bike, bus, or car. With strong in-place income and cap rate, low vacancy, and significant upside potential through condo conversion, garage/storage monetization, ADU addition, or possible lot split with SB-9 streamlined process (buyer to verify), this is a rare opportunity to acquire a legacy asset in one of the Bay Area's most sought-after enclaves.

Location

State CA

County Marin

Area Sausalito

Rooms

Basement None

Interior

Heating Fireplace(s), Natural Gas, Wall Furnace

Cooling None

Flooring Wood

Appliance Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Varies By Unit

Laundry Coin Operated, Common Area, Washer/Dryer Owned

Exterior

Exterior Feature Private Yard, Yard Space

Garage Spaces 8.0

Carport Spaces 4

Utilities Available Cable Connected, City, Electricity Connected, Internet Available, Natural Gas Connected

Waterfront Description Public

View Bay, Bay Bridge, City, City Lights, Panoramic, San Francisco, Water

Roof Type Foam,Spanish Tile

Porch Balcony/Deck, Uncovered Patio, Other

Total Parking Spaces 12

Private Pool No

Building

Lot Description Corner Lot, Cul-De-Sac, Curbs/Gutters, Sidewalk

Foundation Concrete

Sewer Public Sewer

Water Public

Architectural Style Mediterranean

Schools

School District Marin, Elementary: Sausalito Marin City Schools, Middle/Junior: Tamalpais Union, High: Sausalito Marin City Schools

Others

Tax ID 06523311

Security Features Carbon Monoxide Detector(s),Fire Extinguisher,Smoke Detector(s),Varies By Unit

Special Listing Condition Offer As Is

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NEARBY SCHOOL & BUSINESS

Dave Silva

+1(916) 622-2130

dave@thesilvateam.com

7447 Antelope Rd Ste 102, Heights, California, 95621, United States

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516 Richardson ST