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516 Richardson Street, Sausalito, CA 94965
$4,695,000
516 Richardson Street
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516 Richardson Street

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.
  • 14 BEDS
  • 10 FULL BATHS
  • For Sale
  • 1925 BUILT
  • 6,373 Sq.Ft. LOT
  • 5,577 Sq.Ft.
  • Open House
  • 5/17/2026 12:00PM - 3:00PM PDT

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Features & Amenities

Area & Lot

  • Status:For Sale
  • Open House:
    5/17/2026 12:00PM - 3:00PM PDT
  • LIVING SPACE:5,577 Sq.Ft.
  • LOT SIZE:6,373 Sq.Ft.
  • MLS® ID:326035729
  • Type: Multi-Family
  • Year Built:1925
  • Neighborhood:Sausalito
  • Architecture Styles:Mediterranean
  • View Description:Bay, Bay Bridge, City, City Lights, Panoramic, San Francisco, Water
  • School District:Sausalito Marin City Schools

Interior

  • Total Bedrooms:14
  • Total Bathrooms:10
  • Full Bathrooms:10
  • Laundry Room:Coin Operated, Common Area, Washer/Dryer Owned
  • Flooring information:Wood
  • Appliances:Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Varies By Unit

Exterior

  • Garage Space: 8.0
  • Water Source: Public
  • Utilities: Cable Connected, City, Electricity Connected, Internet Available, Natural Gas Connected
  • ROOF:Foam, Spanish Tile
  • Lot Features:Corner Lot, Cul-De-Sac, Curbs/Gutters, Sidewalk
  • Parking:Guest, Permit Required, On Street, See Remarks
  • Heat Type:Fireplace(s), Natural Gas, Wall Furnace
  • Air Conditioning:None
  • Sewer:Public Sewer
  • Substructure:Concrete
  • Security Features:Carbon Monoxide Detector(s), Fire Extinguisher, Smoke Detector(s), Varies By Unit
  • Other Exterior Features:Private Yard, Yard Space

Financial

  • SALES PRICE $4,695,000

Features & Amenities

Area & Lot

  • Open House:
    5/17/2026 12:00PM - 3:00PM PDT
  • LIVING SPACE:5,577 Sq.Ft.
  • LOT SIZE:6,373 Sq.Ft.
  • Lot Features:Corner Lot, Cul-De-Sac, Curbs/Gutters, Sidewalk
  • Type: Multi-Family
  • Neighborhood:Sausalito
  • Architecture Styles:Mediterranean
  • Sewer:Public Sewer
  • Security Features:Carbon Monoxide Detector(s), Fire Extinguisher, Smoke Detector(s), Varies By Unit
  • Other Exterior Features:Private Yard, Yard Space

Interior

  • Total Bedrooms:14
  • Total Bathrooms:10
  • Full Bathrooms:10
  • Laundry Room:Coin Operated, Common Area, Washer/Dryer Owned
  • Flooring information:Wood
  • Appliances:Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Varies By Unit
  • Heat Type:Fireplace(s), Natural Gas, Wall Furnace
  • Air Conditioning:None

Exterior

  • Garage Space: 8.0
  • Water Source: Public
  • Utilities: Cable Connected, City, Electricity Connected, Internet Available, Natural Gas Connected
  • ROOF:Foam, Spanish Tile
  • Lot Features:Corner Lot, Cul-De-Sac, Curbs/Gutters, Sidewalk
  • Parking:Guest, Permit Required, On Street, See Remarks
  • Heat Type:Fireplace(s), Natural Gas, Wall Furnace
  • Air Conditioning:None
  • Sewer:Public Sewer
  • Substructure:Concrete
  • Security Features:Carbon Monoxide Detector(s), Fire Extinguisher, Smoke Detector(s), Varies By Unit
  • Other Exterior Features:Private Yard, Yard Space

School Information

  • School District:Sausalito Marin City Schools

Other Property Details

  • Parking:Guest, Permit Required, On Street, See Remarks
  • View Description:Bay, Bay Bridge, City, City Lights, Panoramic, San Francisco, Water
  • Water Source:Public
  • Utilities: Cable Connected, City, Electricity Connected, Internet Available, Natural Gas Connected

Features & Amenities

Area & Lot

  • Status:For Sale
  • Open House:
    5/17/2026 12:00PM - 3:00PM PDT
  • LIVING SPACE:5,577 Sq.Ft.
  • LOT SIZE:6,373 Sq.Ft.
  • MLS® ID:326035729
  • Type: Multi-Family
  • Year Built:1925
  • Neighborhood:Sausalito
  • Architecture Styles:Mediterranean
  • View Description:Bay, Bay Bridge, City, City Lights, Panoramic, San Francisco, Water
  • School District:Sausalito Marin City Schools

Interior

  • Total Bedrooms:14
  • Total Bathrooms:10
  • Full Bathrooms:10
  • Laundry Room:Coin Operated, Common Area, Washer/Dryer Owned
  • Flooring information:Wood
  • Appliances:Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Varies By Unit

Exterior

  • Garage Space: 8.0
  • Water Source: Public
  • Utilities: Cable Connected, City, Electricity Connected, Internet Available, Natural Gas Connected
  • ROOF:Foam, Spanish Tile
  • Lot Features:Corner Lot, Cul-De-Sac, Curbs/Gutters, Sidewalk
  • Parking:Guest, Permit Required, On Street, See Remarks
  • Heat Type:Fireplace(s), Natural Gas, Wall Furnace
  • Air Conditioning:None
  • Sewer:Public Sewer
  • Substructure:Concrete
  • Security Features:Carbon Monoxide Detector(s), Fire Extinguisher, Smoke Detector(s), Varies By Unit
  • Other Exterior Features:Private Yard, Yard Space

Financial

  • SALES PRICE $4,695,000

Yasmine McGrane

REALTOR®
PHONE NUMBER (415) 298-7775
ADDRESS 100 Drakes Landing Road Suite 125, , Greenbrae, CA 94904
EMAIL ADDRESS [email protected]
License 02133303
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