516 Richardson Street Sausalito, CA 94965
Listing Courtesy of: BAREIS / Corcoran Icon Properties / Yasmine McGrane

  516 Richardson Street Sausalito, CA 94965

Contingent (79 Days)


Once-in-a-generation opportunity to own this iconic 6 unit Mediterranean Villa in historic Old Town Sausalito! Perched on a coveted corner lot in prime location overlooking San Francisco Bay, this 10 BD, 8 BA property is minutes from GG Bridge and City. Stroll by Bay to ferry, cafes, boutiques. Property has 2 vintage circa 1920 buildings each with 3 units. Six units total (four 1 BD/1 BA top floor units; two 3 BD/2 BA middle floor units). All units have views, original features, hardwood floors, separate PG&E/water meters. Four with fireplaces. Clay tiled roof & archways lead to outdoor patio connecting the buildings. Top floor units have entries off quiet cul-de-sac. Stunning views of Angel Island, City & Alcatraz from top floor east-facing units. There's more! A secluded courtyard; 3 expansive garages; office; storage units, & laundry facilities. Ideally situated in a charming, residential neighborhood, 3 blocks from Sausalito's world-renowned waterfront, Southview park and Swede's beach. Endless opportunities for savvy investors - possible lot split; condo convert; additional income from storage units & repurposing garages (buyer to investigate options). 4.62% cap rate before additional income potential. This trophy property held with the same owner for 25 years. Must see!

MLS #:
Lot Size
6,373 SQFT
Year Built
Vintage, Mediterranean, Spanish
City, Panoramic, Bay, Water, City Lights, San Francisco, Varies by Unit
School District
Marin County

Listed By

Yasmine McGrane, DRE #02133303 CA, Corcoran Icon Properties
Last checked Jul 24 2024 at 4:05 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 8
  • Dishwasher
  • Microwave
  • Disposal
  • Gas Water Heater
  • Free Standing Gas Range
  • Free Standing Refrigerator
  • Energy Star Qualified Appliances
  • Varies by Unit
Lot Information
  • Corner
  • Sidewalk
  • Landscape Front
  • Shape Regular
Property Features
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Electric
  • Separate
  • Baseboard
  • Natural Gas
  • Wall Furnace
  • Fireplace(s)
  • Varies by Unit
  • Floor Furnace
  • None
  • Wood
  • Tile
  • Laminate
  • Linoleum
  • Vinyl
  • Varies by Unit
Exterior Features
  • Roof: Tar/Gravel
  • Roof: Spanish Tile
Utility Information
  • Utilities: Electric, Internet Available, Cable Available, Natural Gas Connected
  • Sewer: Public Sewer
  • Energy: Appliances
School Information
  • Elementary School: Sausalito Marin City Schools
  • Middle School: Tamalpais Union
Living Area
  • 5,650 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 2.50
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Disclaimer: Listing Data © 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. Data last updated: 7/24/24 09:05