516 Richardson Street, Sausalito, CA 94965
Local realty services provided by:CENTURY 21 Kobetz Realty
516 Richardson Street,Sausalito, CA 94965
$4,695,000
- 5 Beds
- 5 Baths
- 5,577 sq. ft.
- Multi-family
- Active
Upcoming open houses
- Sat, May 2302:00 pm - 04:00 pm
- Sun, May 2412:00 pm - 03:00 pm
Listed by: yasmine mcgrane
Office: corcoran icon properties
MLS#:326035729
Source:CABAREIS
Price summary
- Price:$4,695,000
- Price per sq. ft.:$841.85
About this home
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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Home facts
- Year built:1925
- Listing ID #:326035729
- Updated:May 22, 2026 at 12:50 AM
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:$4,695,000
- Price per sq. ft.:$841.85
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
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