516 Richardson Street, Sausalito, CA 94965
Local realty services provided by:CENTURY 21 Epic
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....
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Home facts
- Year built:1925
- Listing ID #:326035729
- Updated:September 12, 2026 at 03:08 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
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