Link Copied
Listed price in listed location currency (USD).
$4,695,000

0012

MLS® 326035729

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 5577 sqft
Garage Yes
Taxes 
Days Active 0
Lot Size 
Approx. Age 1925
Avg. Price Per Sqft $841
MLS® Number 326035729

Property Address: 516 Richardson St, Sausalito, CA, 94965-2428

Average square foot calculated using Size range provided by listing agent.

Description

Investor Alert! Rare trophy property on one of the most coveted blocks in historic Old Town Sausalito, offering panoramic views of the San Francisco Bay, city skyline, Angel Island, and Alcatraz. Set on a prime corner lot along a quiet cul-de-sac, this Mediterranean-style villa features two circa-1920 buildings on a single parcel with six units, four garages, and a dedicated office/flex space. The unit mix includes four light-filled 1BD/1BA upper residences and two spacious 3BD/2BA middle-level units. Many units enjoy east-facing water views, private entrances, hardwood floors, fireplaces, and classic period details. All units are separately metered for PG&E and water. The property's distinctive architecture - arched walkways, clay tile accents, and interconnected courtyards - creates a cohesive and inviting environment. Additional amenities include four large garage/flex spaces, storage rooms, office space, and a common laundry facility with restroom, offering multiple avenues for added income. Ideally located just blocks from Sausalito's waterfront, ferry, shops, dining, Southview Park, and Swede's Beach, tenants enjoy an exceptional lifestyle with convenient access to San Francisco by ferry, bike, bus, or car. With strong in-place income and cap rate, low vacancy, and significant upside potential through condo conversion, garage/storage monetization, ADU addition, or possible lot split with SB-9 streamlined process (buyer to verify), this is a rare opportunity to acquire a legacy asset in one of the Bay Area's most sought-after enclaves.
MLS® Number326035729
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1925
Basement
DrivewayGuest Parking Available, Permit Required, Street, See Remarks
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

Jan 1, 1800End Date
Not Sold YetSold Price

For Sale

May 11, 2026List Date
$4,695,000List Price
  • Commute

Commute

Starting Address
Destination Address
516 Richardson St, Sausalito, CA

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Similar Listings

Comparable Properties