516 Richardson Street, Sausalito, CA 94965
Local realty services provided by:CENTURY 21 Masters
516 Richardson Street,Sausalito, CA 94965
$4,250,000
- 5 Beds
- 5 Baths
- 5,577 sq. ft.
- Multi-family
- Active
Listed by: yasmine mcgrane
Office: corcoran icon properties
MLS#:326035729
Source:CABAREIS
Price summary
- Price:$4,250,000
- Price per sq. ft.:$762.06
About this home
An exceptional legacy multiunit asset nestled on one of Old Town Sausalito's most coveted blocks, now offered at a compelling new price! This Mediterranean-style villa spans two circa-1920 buildings on a single corner-lot parcel along a quiet cul-de-sac six units, four garages, and a dedicated office/flex space, with panoramic views of the Bay, city skyline, Angel Island, and Alcatraz. The unit mix includes four light-filled 1BD/1BA upper residences and two spacious 3BD/2BA middle-level units, many with east-facing water views, private entrances, hardwood floors, fireplaces, and period details. Arched walkways, clay tile accents, and interconnected courtyards give the property a cohesive, inviting character. All units are separately metered for PG&E and water. Additional income-producing amenities include four garage/flex spaces, storage rooms, office space, and a common laundry facility with restroom. Just blocks from Sausalito's waterfront, ferry, shops, dining, Southview Park, and Swede's Beach, tenants enjoy easy access to San Francisco by ferry, bike, bus, or car. Strong in-place income and cap rate, low vacancy, and multiple upside levers condo conversion, garage/storage monetization, ADU addition, or a possible SB-9 lot split (buyer to verify) make this a rare chance to own a legacy asset in one of the Bay Area's most sought-after enclaves....
Contact an agent
Home facts
- Year built:1925
- Listing ID #:326035729
- Updated:October 27, 2026 at 04:16 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:5
- Full bathrooms:4
- Flooring:Varies by Unit, Wood
- Living area:5,577 sq. ft.
Heating and cooling
- Heating:Fireplace, Natural Gas, Varies by Unit, Wall Furnace
Structure and exterior
- Roof:Foam, Spanish Tile
- Year built:1925
- Building area:5,577 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Corner, Cul-De-Sac, Curbs/Gutters, Sidewalk
- Architectural Style:Mediterranean
- Exterior Features:Fenced Yard, Yard Space
- Foundation Description:Concrete
Schools
- Elementary school:Sausalito Marin City Schools
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$4,250,000
- Price per sq. ft.:$762.06
Features and amenities
- Laundry features:Coin Operated, In Common Area, Washer/Dryer Owned
Parking
- Total parking spaces:12
- Parking description:Guest Parking Available, Permit Required, Street
- Garage:Yes
- Garage spaces:8
New listings near 516 Richardson Street
- New
$2,987,000Active2 beds 2 baths2,020 sq. ft.36 Santa Rosa Avenue, Sausalito, CA 94965
MLS# 326088354Listed by: FIRST CALIFORNIA REALTY, INC - New
$2,998,000Active3 beds 7 baths2,110 sq. ft.446 Sausalito Boulevard, Sausalito, CA 94965
MLS# 326089941Listed by: GOLDEN GATE SOTHEBY'S INTERNATIONAL REALTY - New
$1,398,000Active2 beds 2 baths1,170 sq. ft.448 Sausalito Boulevard, Sausalito, CA 94965
MLS# 326089946Listed by: GOLDEN GATE SOTHEBY'S INTERNATIONAL REALTY - New
$1,299,000Active0.09 Acres77 Crescent Avenue, Sausalito, CA 94965
MLS# 326089998Listed by: GOLDEN GATE SOTHEBY'S INTERNATIONAL REALTY - New
$2,995,000Active3 beds 3 baths2,106 sq. ft.49 Central Avenue, Sausalito, CA 94965
MLS# 326089314Listed by: GOLDEN GATE SOTHEBY'S INTERNATIONAL REALTY - New
$3,095,000Active4 beds 4 baths2,393 sq. ft.100 Woodward Avenue, Sausalito, CA 94965
MLS# 326088474Listed by: OWN MARIN - Open Wed, 11am to 2:30pmNew
$8,995,000Active5 beds 6 baths5,215 sq. ft.44 Sunshine Avenue, Sausalito, CA 94965
MLS# 326088252Listed by: COMPASS - New
$1,595,000Active2 beds 2 baths46 Issaquah Dock, Sausalito, CA 94965
MLS# 326087911Listed by: SFRE MARIN - ENGEL & VLKERS
$499,000Active1 beds 1 baths794 sq. ft.94 Anchorage Road, Sausalito, CA 94965
MLS# 326087089Listed by: COMPASS- Open Sat, 2 to 4pm
$689,000Active1 beds 1 baths825 sq. ft.169 Headlands Court, Sausalito, CA 94965
MLS# 326073077Listed by: GOLDEN GATE SOTHEBY'S INTERNATIONAL REALTY