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516 Richardson Street

Sausalito CA 94965

12
5577 sq. ft.
6373 sq. ft.
Other
Currently for sale - view listing

Overview

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.

Features

12 carspaces
4 carport spaces
8 garage spaces
5577 sq. ft. floor area
6373 sq. ft. lot size
Other

Property history for 516 Richardson Street

2024
Sold
$4,250,000
12 Sep 2024 by Yasmine McGrane, of Corcoran Icon Properties

Happy sellers in Sausalito

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Local market activity for other properties in Sausalito

In the last 12 months, 18 other properties similar to 516 Richardson Street, have been sold.

This represents a 38% decrease in other properties sales when compared to the previous 12 months.

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