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516 Richardson Street

Sausalito, CA 94965
  • $4,695,000
  • STATUS: Active
  • ON SITE: 35 Days
  • ID#: 326035729
$4,695,000
  • 5
    BEDS
  • 0.15
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 5,577
    SQFT
  • $842
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:
Area:

School Ratings & Info

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.

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Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-06-15T23:55:57.333.
www.rescom-properties.com/homes/176318749
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516 Richardson Street Sausalito, CA 94965

  • Price: $4,695,000
  • Status: Active
  • On Site: 35 Days
  • ID#: 326035729
5
Beds
4
Baths
0
½ Baths
0.15
Acres
5,577
SQFT
$842
$/SQFT
1925
Built
Neighborhood:
Sausalito
County:
Marin
Area:
Sausalito
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.
Exterior Features

Architectural Style Mediterranean Carport Spaces 4 Construction Materials BrickConcreteStucco Covered Spaces 0 Exterior Features Fenced YardYard Space Foundation Details Concrete Independent Parking Spaces 0 Lot Features CornerCul-De-SacCurbs/GuttersSidewalk Open Parking Spaces 0 Parking Features Guest Parking AvailablePermit RequiredStreetSee Remarks Parking Total 12 Patio And Porch Features Balcony/DeckUncovered PatioVaries by UnitOther Roof FoamSpanish Tile Tandem Parking Spaces 0 View BayBay BridgeCityCity LightsPanoramicSan FranciscoVaries by UnitWater

Interior Features

1 Bedroom Units Total 4 2 Bedroom Units Total 0 3 Bedroom Units Total 2 4 Bedroom Units Total 0 Appliances DishwasherDisposalENERGY STAR Qualified AppliancesFree Standing Gas RangeFree Standing RefrigeratorMicrowaveVaries By Unit Commercial Units Total 0 Cooling None Flooring Varies by UnitWood Green Energy Efficient AppliancesWater Heater Heating Fireplace(s)Natural GasVaries by UnitWall Furnace Laundry Features Coin OperatedIn Common AreaWasher/Dryer Owned Studio Units Total 0

Property Features

Association Fee 0 Association YN No Auction No Electric 220 Volts Gross Income 305130 Property Condition OriginalUpdated/Remodeled Property Sub Type 5 or More Units Property Type Residential Income Security Features Carbon Mon DetectorFire ExtinguisherSmoke DetectorVaries By Unit Separate Meters Common Area MeterElectricityGasWater Sewer Public Sewer Subtype Description Apartments Tenant Pays Cable TVElectricityGasTrash CollectionWater Utilities Cable ConnectedCityElectricInternet AvailableNatural Gas ConnectedSewer In & Connected Water Source Public

Listing information © 2026 Bay Area Real Estate Information Services. Listing courtesy of Yasmine Mcgrane of Corcoran Icon Properties: .


Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-06-15T23:55:57.333.
 
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Linda Blair | ResCom Properties
376 First Street
Benicia CA, 94510