516 Richardson ST, Sausalito, CA 94965
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Stefan Jezycki

Stefan Jezycki

+1(707) 738-2945
Listed by Yasmine McGrane • Corcoran Icon Properties
$ 4,695,000
Est. payment /mo
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Open Sun 12PM-3PM

516 Richardson ST Sausalito, CA 94965

3,110 Beds

5 Baths

5,577 SqFt

Open House

Sun May 17, 12:00pm - 3:00pm

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 $841

MLS Listing ID 326035729

Bedrooms 3110

Construction Status Original,Updated/Remodeled

HOA Y/N No

Year Built 1925

Lot Size 6,372 Sqft

Property Sub-Type 5 or More Units

Property 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.

Location

State CA

County Marin

Area Sausalito

Interior

Heating Fireplace(s), Natural Gas, Varies by Unit, Wall Furnace

Cooling None

Flooring Varies by Unit, Wood

Exterior

Exterior Feature Fenced Yard, Yard Space

Parking Features Guest Parking Available, Permit Required, Street, See Remarks

Garage Spaces 12.0

Utilities Available Cable Connected, City, Electric, Internet Available, Natural Gas Connected, Sewer In & Connected

Roof Type Foam,Spanish Tile

Building

Foundation Concrete

Sewer Public Sewer

Water Public

Architectural Style Mediterranean

Construction Status Original,Updated/Remodeled

Schools

School District Sausalito Marin City Schools, Tamalpais Union, Sausalito Marin City Schools

Others

Special Listing Condition Offer As Is

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Stefan Jezycki

Stefan Jezycki

Private Office Advisor | License ID: 01199662

+1(707) 738-2945

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516 Richardson ST