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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

    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!

    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#: 324031106MLS LogoOriginating 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
    Services availability