Under Contract

Contingent - Show

516 Richardson St

Sausalito CA, 94965

$4,500,000


$796.46 per sqft

Under Contract

Contingent - Show

8 Baths

5,650 sqft

Multi-family

Built in 1925

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!

324031106

MLS ID

May 6, 2024

Listed

July 13, 2024

Updated

Map

516 Richardson St
Sausalito CA, 94965

Interior Features

Total Stories

2


Total Bathrooms

8


Full Bathrooms

8


Interior Features

Storage Area(s)


Appliances

Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater, Microwave, Varies By Unit


Laundry Description

Coin Operated, In Common Area


Floor Description

Laminate, Linoleum, Tile, Varies by Unit, Vinyl, Wood


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Baseboard, Electric, Fireplace(s), Floor Furnace, Natural Gas, Separate, Varies by Unit, Wall Furnace

Exterior/Building Features

Lot Size

0.15 Acres


Exterior Features

Fenced Yard, Yard Space, Corner, Landscape Front, Shape Regular, Sidewalk


Lot Features

Corner, Landscape Front, Shape Regular, Sidewalk


Architectual Style

Mediterranean, Spanish, Vintage


Roof

Spanish Tile, Tar/Gravel


Sewer

Public Sewer

School Information

School District

Sausalito Marin City Schools

Other Property Details

Area Name

Sausalito


Garage

Yes


Garage Spaces

4


Parking

Attached, Covered, Garage, Guest Parking Available, Off Street, Street, Tandem Garage


Parking Total

6


View

Yes


View Description

Bay, City, City Lights, Panoramic, San Francisco, Varies by Unit, Water


County

Marin


Water Source

Public


Pool

No

Listing History

Date

Event

Price

7/5/2024

Under Contract

Listed by Yasmine McGrane (02133303) with Corcoran Icon Properties

Listing Contact:  

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