Home | Marin County | Sausalito | 94965 | 516 Richardson St
MLS: BA326035729 | Status: | Price: $4,250,000
Beds/Baths: – / –
Property Type: Residential Income
| Beds | Baths | Sq Ft | Sq Ft Lot | Yr Built |
|---|---|---|---|---|
| – | – | 5,577 | 6,373 | 1925 |
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 ra
| Field | Value |
|---|---|
| MLS # | BA326035729 |
| MLS Source | Bay Area Real Estate Information Services, Inc. |
| Days on Site | 119 |
| Feature | Details |
|---|---|
| Appliances | Dishwasher, Garbage Disposal, Microwave, Oven Range - Gas, Appliances - Vary by Unit |
| Flooring | Varies by Unit, Wood |
| Laundry | Coin Operated |
| Cooling | None |
| Heating | Fireplace, Gas - Natural, Varies by Unit, Wall Furnace |
| Feature | Details |
|---|---|
| Roof | Foam, Barrel / Truss |
| Foundation | Slab |
| Style | Mediterranean |
| Feature | Details |
|---|---|
| Garage/Parking | Guest / Visitor Parking, Other, Street, Garage: 8 Car(s) |
| Sewer | Public Sewer |
| Water | Public |
| HOA Fee | $0 |
Yasmine McGrane
Corcoran Icon Properties
License #: 02133303
Phone: (415) 298-7775
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 2 | 6 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 1,288 | 3 | 2/0 | $5,227 | – | – |
| 2 | 740 | 1 | 1/0 | $4,176 | – | – |
| 3 | 599 | 1 | 1/0 | $2,545 | – | – |
| 4 | 244 | 0 | 0/1 | $900 | – | – |
School data provided by GreatSchools.org
| Address | Price | Beds | Baths | Sq Ft | Status |
|---|---|---|---|---|---|
| 307 North St | $4,598,000 | – | – | 3,730 | Active |
| 112 Glen Dr | $4,250,000 | – | – | 4,218 | Active |
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This listing information is up-to-date as of September 03, 2026. For the most current information, please contact Yasmine McGrane, (415) 298-7775.