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!
Sold for $4,250,000 on 09/12/24
$4,250,000
516 Richardson Street, Sausalito, CA 94965
10beds
5,650sqft
Multi Family
Built in 1925
-- sqft lot
$4,144,700 Zestimate®
$752/sqft
$5,524 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: September 12, 2024 at 11:17am
Listed by:
Yasmine McGrane DRE #02133303 415-298-7775,
Corcoran Icon Properties 415-496-2600
Bought with:
Chad Rummonds, DRE #01943424
Vanguard Properties
Source: BAREIS,MLS#: 324031106
Originating MLS: Marin County

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
- Full bathrooms: 8
Heating
- Baseboard, Electric, Fireplace(s), Floor Furnace, Natural Gas, Separate, Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Gas Range, Free-Standing Refrigerator, Gas Water Heater, Microwave, Varies By Unit
- Laundry: Coin Operated, Common Area
Features
- Storage
- Flooring: Laminate, Linoleum, Tile, Vinyl, Wood
- Windows: Weather Stripped
- Has fireplace: Yes
Interior area
- Total structure area: 5,650
- Total interior livable area: 5,650 sqft
Property
Parking
- Total spaces: 6
- Parking features: Attached, Covered, Garage, Guest, Off Street, On Street, Tandem
- Attached garage spaces: 4
- Uncovered spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Stories: 2
- Patio & porch: Balcony/Deck, Deck
- Exterior features: Yard Space
- Fencing: Fenced
- Has view: Yes
- View description: Bay, City, City Lights, Panoramic, San Francisco, Water
- Has water view: Yes
- Water view: Bay,Water
Lot
- Size: 6,372 sqft
- Features: Corner Lot, Landscape Front, Shape Regular, Sidewalk
Details
- Parcel number: 06523311
- Special conditions: Offer As Is,Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mediterranean,Spanish,Vintage
- Property subtype: Multi Family
Materials
- Brick, Concrete, Partial Insulation, Plaster, Stucco, Wall Insulation
- Foundation: Concrete Perimeter
- Roof: Spanish Tile,Tar/Gravel
Condition
- Year built: 1925
Utilities & green energy
- Electric: Separate Meters
- Gas: Separate Meters
- Sewer: Public Sewer
- Water: Public, Separate Meters
- Utilities for property: Cable Available, Electricity Connected, Internet Available, Natural Gas Connected
Green energy
- Energy efficient items: Appliances
Community & neighborhood
Security
- Security features: Varies By Unit, None
Location
- Region: Sausalito
HOA & financial
HOA
- Has HOA: No