$2,499,999

506 Spring St Sausalito, CA 94965

Sausalito Neighborhood

Estimated payment $16,427/month

Total Views 2,576
4 Beds
10 Baths
3,152 Sq Ft
$793 Price per Sq Ft

Highlights

  • Bay View
  • Fenced Yard
  • Energy-Efficient Roof
  • Tamalpais High School Rated A
  • Laundry closet

About This Home

Investment Opportunity in Sausalito! Discover a legacy building in the heart of Sausalito, featuring four 1BR/1BA units with decks. Each unit has been upgraded over the course of the building's lifetime, with newer kitchens and bathrooms. All units have been painted within the last 3 years, and floors have either been refinished or installed. Enjoy the convenience of four covered parking spaces and four additional tandem, uncovered spots, and private laundry and storage for each unit. Relax or BBQ in the large, shared backyard. Perfect for owner-occupants or investors, all units are currently rented, with 2 units on a month-to-month. Possibility for ADU and/or Condo conversion. Just one block to the bus, a 15-minute walk to the ferry, and close to San Francisco, 101 & 580. Surrounded by numerous restaurants, shops, and the best views in Marin!

Listing Agent

Katie Wigington

Berkshire Hathaway License #01907619

Berkshire Hathaway

Co-Listing Agent

Charles Taylor

Berkshire Hathaway License #01492899

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1955

Lot Details

  • 6,000 Sq Ft Lot
  • Fenced Yard

Home Design

  • Quadruplex
  • Stucco

Interior Spaces

  • 3,152 Sq Ft Home
  • 2-Story Property
  • Bay Views
  • Laundry closet

Kitchen

  • Free-Standing Electric Range
  • Disposal

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • 4 Carport Spaces

Eco-Friendly Details

  • Energy-Efficient Roof

Utilities

  • No Cooling
  • Wall Furnace
  • Individual Gas Meter
  • Separate Water Meter
  • Gas Water Heater

Community Details

  • 4 Units
  • Gross Income $141,300

Listing and Financial Details

  • Assessor Parcel Number 064-135-02

Property Details

Home Type

Multi-Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: Quadruplex
  • Subtype Description: Apartments
  • Directions To Property: Bridgeway to Spring
  • Lot Size Acres: 0.1377
  • CapRate: 3.71
  • Levels: Two
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Appliances: Disposal, Free Standing Electric Range, Free Standing Refrigerator, Gas Water Heater, Varies By Unit, See Remarks
  • Flooring: Varies By Unit
  • Square Footage: 3152.00
  • NumberOfBuildings: 1

Exterior Features

  • Construction Materials: Stucco
  • Lot Features: Shape Regular
  • Property Condition: Varies By Unit
  • ExteriorFeatures: Fenced Yard, Yard Space
  • Patio And Porch Features: Balcony/Deck
  • View: Bay, Varies By Unit

Garage/Parking

  • Parking Features: Covered, Uncovered
  • Total Parking Spaces: 8.00
  • Carport Spaces: 4.00
  • Covered Parking Spaces: 4.00
  • OpenParkingSpaces: 4.00
  • Tandem Parking Spaces: 4

Utilities

  • Cooling: None
  • Security Features: Carbon Mon Detector, Fire Extinguisher, Smoke Detector
  • Sewer: Public Sewer
  • Water Source: Water District
  • Heating: Wall Furnace
  • Laundry Features: Laundry Closet
  • Separate Meters: Electricity, Gas, Water

Lot Info

  • Assessor Parcel Number: 064-135-02
  • Lot Size Sq Ft: 6000.00

Green Features

  • Energy Efficient: Roof

Rental Info

  • TenantPays: Cable TV, Electricity, Gas, Trash Collection, Water

Building Info

  • Year Built: 1955

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: 2800-3225
  • Number Of1 Bedrooms Occupied: 4
  • Number of 1 Bedroom Units: 4
  • NumberOfUnitsTotal: 4

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 For Sale $2,499,999 +23.5% $793 / Sq Ft
05/19/2021 05/19/21 Sold $2,025,000 0.0% --
05/18/2021 05/18/21 Pending -- -- --
11/17/2020 11/17/20 For Sale $2,025,000 -- --
Source: Bay Area Real Estate Information Services (BAREIS)

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Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 325021705

Bay Area Real Estate Information Services (BAREIS)

APN: 064-135-02

California Marin County Sausalito 94965 Sausalito

506 Spring St, Sausalito, CA

Homes for Sale in Sausalito, CA

This home is located at 506 Spring St, Sausalito, CA 94965 and is currently priced at $2,499,999, approximately $793 per square foot. This property was built in 1955. 506 Spring St is a home located in Marin County with nearby schools including Dr. Martin Luther King, Jr. Academy - Nevada Campus, Tamalpais High School, and The New Village School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bay Area Real Estate Information Services (BAREIS) Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.

Katie Wigington
Listing Agent
Katie Wigington
Section Image
Berkshire Hathaway
(628) 212-7724