$4,250,000
SOLD SEP 12, 2024

516 Richardson St Sausalito, CA 94965

Sausalito Neighborhood
10 Beds
20 Baths
5,650 Sq Ft
6,373 Sq Ft Lot

Recently Sold

$752 Per Sq Ft

6% Below List Price

122 Days on Market

Highlights

  • Views of San Francisco
  • Deck
  • Corner Lot
  • Tamalpais High School Rated A
  • Wood Flooring
  • 3-minute walk to South View Park

About This Home

As of September 2024

Once-in-a-generation opportunity to own this iconic 6 unit Mediterranean Villa in historic Old Town Sausalito! Perched on a coveted corner lot in prime location overlooking San Francisco Bay, this 10 BD, 8 BA property is minutes from GG Bridge and City. Stroll by Bay to ferry, cafes, boutiques. Property has 2 vintage circa 1920 buildings each with 3 units. Six units total (four 1 BD/1 BA top floor units; two 3 BD/2 BA middle floor units). All units have views, original features, hardwood floors, separate PG&E/water meters. Four with fireplaces. Clay tiled roof & archways lead to outdoor patio connecting the buildings. Top floor units have entries off quiet cul-de-sac. Stunning views of Angel Island, City & Alcatraz from top floor east-facing units. There's more! A secluded courtyard; 3 expansive garages; office; storage units, & laundry facilities. Ideally situated in a charming, residential neighborhood, 3 blocks from Sausalito's world-renowned waterfront, Southview park and Swede's beach. Endless opportunities for savvy investors - possible lot split; condo convert; additional income from storage units & repurposing garages (buyer to investigate options). 4.62% cap rate before additional income potential. This trophy property held with the same owner for 25 years. Must see!

Last Agent to Sell the Property

Yasmine McGrane

Corcoran Icon Properties License #02133303

Corcoran Icon Properties

Last Buyer's Agent

Chad Rummonds

Vanguard Properties License #01943424

Vanguard Properties

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 6,373 Sq Ft Lot
  • Fenced Yard
  • Landscaped
  • Corner Lot

Parking

  • 4 Car Attached Garage
  • 2 Open Parking Spaces
  • Tandem Garage
  • Guest Parking
  • On-Street Parking
  • Off-Street Parking

Property Views

  • Bay
  • San Francisco
  • Panoramic
  • City Lights

Home Design

  • Brick Exterior Construction
  • Concrete Foundation
  • Spanish Tile Roof
  • Tar and Gravel Roof
  • Plaster
  • Stucco

Interior Spaces

  • 5,650 Sq Ft Home
  • 2-Story Property
  • Fireplace
  • Storage

Kitchen

  • Free-Standing Gas Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Linoleum
  • Laminate
  • Tile
  • Vinyl

Utilities

  • No Cooling
  • Floor Furnace
  • Heating System Uses Natural Gas
  • Wall Furnace
  • Baseboard Heating
  • Natural Gas Connected
  • Individual Gas Meter
  • Separate Water Meter
  • Gas Water Heater
  • Internet Available
  • Cable TV Available

Additional Features

  • ENERGY STAR Qualified Appliances
  • Deck

Listing and Financial Details

  • Tenant pays for cable TV, electricity, gas, trash collection, water
  • Assessor Parcel Number 065-233-11

Community Details

Overview

  • 2 Buildings
  • 6 Units

Additional Features

  • Laundry Facilities
  • Gross Income $252,600

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Parking

4

Listing Details

  • Interior Amenities: Storage Area(s)
  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments, Class A Building
  • Directions To Property: Bridgeway to Richardson, corner of Richardson and West
  • Lot Size Acres: 0.1463
  • CapRate: 4.62
  • Levels: Two
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Appliances: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater, Microwave, Varies By Unit
  • Accessibility Features: None
  • Flooring: Laminate, Linoleum, Tile, Varies By Unit, Vinyl, Wood
  • Square Footage: 5650.00
  • NumberOfBuildings: 2

Exterior Features

  • Construction Materials: Brick, Concrete, Partial Insulation, Plaster, Stucco, Wall Insulation
  • Foundation: Concrete Perimeter
  • Lot Features: Corner, Landscape Front, Shape Regular, Sidewalk
  • Property Condition: Original, Varies By Unit
  • Roof: Spanish Tile, Tar/Gravel
  • ExteriorFeatures: Fenced Yard, Yard Space
  • Patio And Porch Features: Balcony/Deck, Roof Deck(s), Uncovered Deck, Varies By Unit
  • View: Bay, City, City Lights, Panoramic, San Francisco, Varies By Unit, Water

Garage/Parking

  • Parking Features: Attached, Covered, Garage, Guest Parking Available, Off Street, Street, Tandem Garage
  • Total Parking Spaces: 6.00
  • Garage Spaces: 4.00
  • OpenParkingSpaces: 2.00

Utilities

  • Cooling: None
  • Security Features: Varies By Unit, None
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electric, Internet Available, Natural Gas Connected
  • Water Source: Public
  • Heating: Baseboard, Electric, Fireplace(s), Floor Furnace, Natural Gas, Separate, Varies By Unit, Wall Furnace
  • Laundry Features: Coin Operated, In Common Area
  • Separate Meters: Electricity, Gas, Water

Schools

  • School District: Marin
  • Middle/Junior School District: Tamalpais Union

Lot Info

  • Assessor Parcel Number: 065-233-11
  • Lot Size Sq Ft: 6373.00

Green Features

  • Energy Efficient: Appliances

Rental Info

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

Building Info

  • Year Built: 1925

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: 2334-3590
  • Three Bedroom Annual Occupancy: 50
  • Three Bedroom Rent Range: 4763-4950
  • Number Of1 Bedrooms Occupied: 4
  • Number of 1 Bedroom Units: 4
  • Number Of3 Bedrooms Occupied: 1
  • Number of 3 Bedroom Units: 2
  • NumberOfUnitsTotal: 6

MLS Schools

  • School District (County): Marin

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
09/12/2024 09/12/24 Sold $4,250,000 -5.6% $752 / Sq Ft
09/05/2024 09/05/24 Pending -- -- --
05/06/2024 05/06/24 For Sale $4,500,000 -- $796 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 324031106

Bay Area Real Estate Information Services (BAREIS)

APN: 065-233-11

California Marin County Sausalito 94965 Sausalito

516 Richardson St, Sausalito, CA

Homes for Sale in Sausalito, CA

This home is located at 516 Richardson St, Sausalito, CA 94965 and is currently priced at $4,250,000, approximately $752 per square foot. This property was built in 1925. 516 Richardson 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.