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Kasie Gray

kasie@unlockingukiah.net +1(707) 391-7963

Listed by Yasmine McGrane Corcoran Icon Properties

$ 4,250,000

Est. payment -/mo

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516 Richardson ST Sausalito, CA 94965

5,577 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 5,577 sqft

Price per Sqft $762

MLS Listing ID 326035729

Style Mediterranean

HOA Y/N No

Year Built 1925

Lot Size 6,373 Sqft

Acres 0.1463

Property Sub-Type 5 or More Units

Property Description

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.

Location

State CA

County Marin

Area Sausalito

Rooms

Basement None

Interior

Heating Fireplace(s), Natural Gas, Wall Furnace

Cooling None

Flooring Wood

Appliance Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Varies By Unit

Laundry Coin Operated, Common Area, Washer/Dryer Owned

Exterior

Exterior Feature Private Yard, Yard Space

Garage Spaces 8.0

Carport Spaces 4

Utilities Available Cable Connected, City, Electricity Connected, Internet Available, Natural Gas Connected

Waterfront Description Public

View Bay, Bay Bridge, City, City Lights, Panoramic, San Francisco, Water

Roof Type Foam,Spanish Tile

Porch Balcony/Deck, Uncovered Patio, Other

Total Parking Spaces 12

Private Pool No

Building

Lot Description Corner Lot, Cul-De-Sac, Curbs/Gutters, Sidewalk

Foundation Concrete

Sewer Public Sewer

Water Public

Architectural Style Mediterranean

Schools

School District Marin, Elementary: Sausalito Marin City Schools, Middle/Junior: Tamalpais Union, High: Sausalito Marin City Schools

Others

Tax ID 06523311

Security Features Carbon Monoxide Detector(s),Fire Extinguisher,Smoke Detector(s),Varies By Unit

Special Listing Condition Offer As Is

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Kasie Gray

Broker Associate License ID: 02017604

+1(707) 391-7963

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Kasie Gray

516 Richardson ST Sausalito, CA 94965

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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516 Richardson ST