Property photo 1
60 photos
ActiveMLS# 326035729153 days on market

$4,250,000

516 Richardson Street

Sausalito, CA 94965

0 BD|0 BA|5,577 SQFT|$762.06/sqft

About This Property

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.

Property Details

Property TypeSingle Family
Year Built1925
Lot Size6,373 sqft
Garage8 cars
Price / Sqft$762.06
Days on Market153
MLS Number326035729

Adam Modzeleski

Broker

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Est. Monthly Payment

$25,563

P&I: $21,490 | Tax: $3,010 | Insurance: $1,063

$4,250,000
%
%
Loan Amount$3,400,000
Down Payment$850,000

Estimates are for informational purposes only. Tax and insurance amounts are approximations. Contact a mortgage lender for accurate quotes.

Location

516 Richardson Street, Sausalito, CA 94965

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