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516 Richardson Street
Sausalito CA 94965 US

$4,250,000

Active Listing ID 326035729
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10 bed
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5,577 square feet
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5.00 Bath (4 Full , 1 Half)
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Lot: 0.15 Acres
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Other

$4,250,000

Active Listing ID 326035729
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516 Richardson Street 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 rare chance to own a legacy asset in one of the Bay Area's most sought-after enclaves.

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Property Features

  • Facts
  • Lot Size: 0.15 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 4
  • 1/2 Bathrooms: 1
  • Exterior Finish: Private Yard, Yard Space
  • Floor Covering: Wood
  • Roof Type: Tile, Foam
  • Heating Fuels: Fireplace(s), Wall Furnace, Natural Gas
  • Additional Features
  • Fireplace
  • Patio

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 4250000
  • unparsedaddress: 516 Richardson Street
  • postalcity: Sausalito
  • stateorprovince: CA
  • country: US
  • postalcode: 94965
  • bathroomsfull: 4
  • bathroomshalf: 1
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.1463
  • lotsizeunits: Acres
  • lotsizearea: 0.1463
  • livingarea: 5577
  • livingareaunits: Square Feet
  • latitude: 37.850053
  • longitude: -122.483228
  • listagentfullname: Yasmine McGrane
  • listagentemail: yasmine.mcgrane@corcoranicon.com
  • listagentkey: 3yd-BAREISCA-A409089
  • listagentmlsid: A409089
  • listagentpreferredphone: 4152987775
  • listagentofficephone: 4152987775
  • listofficekey: 3yd-BAREISCA-7A895
  • listofficemlsid: 7A895
  • disclaimer: Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: BAREISCA
  • yearbuilt: 1925
  • listagenturl: https://corcorangl.com/
  • countyorparish: Marin
  • parcelnumber: 06523311
  • elementaryschooldistrict: Sausalito Marin City Schools
  • middleorjuniorschooldistrict: Tamalpais Union
  • highschooldistrict: Sausalito Marin City Schools
  • appliances: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Varies By Unit
  • constructionmaterials: Brick, Concrete, Stucco
  • flooring: Wood
  • heating: Fireplace(s), Wall Furnace, Natural Gas
  • numberofunitstotal: 6
  • fireplaceyn: True
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 12
  • parkingfeatures: Guest, On Street
  • roof: Tile, Foam
  • view: City, Water, Bridge
  • waterfrontyn: False
  • franchiseaffiliation: None
  • exteriorfeatures: Private Yard, Yard Space
  • architecturalstyle: Mediterranean
  • rooms: Bedroom 9, Bathroom 1, Bedroom 7, Bedroom 10, Bedroom 5, Bedroom 3, Bedroom 2, Bathroom 2, Bathroom 3, Bathroom 5, Bedroom 8, Bathroom 4, Bedroom 4, Bedroom 6, Bedroom 1
  • patioandporchfeatures: Patio, Deck
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -122.48323, 37.85005
  • openhouse: { "AppointmentRequiredYN": false, "ListingKey": "3yd-BAREISCA-326035729", "OpenHouseEndTime": "2026-06-28 16:00:00", "OpenHouseId": "6099743", "OpenHouseRemarks": "Must see for investors & 1031x buyers. Rare trophy property in prime Old Town Sausalito location. Situated on a coveted corner lot with panoramic Bay and City views, this iconic Mediterranean-style villa is just blocks from the waterfront, downtown shops, restaurants, and ferry. Rare offering includes 2 buildings on 1 parcel with 6 total units, individually metered for PG&E and water, plus 4 units with fireplaces. Strong tenant appeal for those seeking the Sausalito lifestyle with easy SF commute. Flexible potential for investors, owner-occupants, or multi-generational living. Additional income opportunities include 4 oversized garages, office space, and 2 storage units. Potential upside with SB9 lot split, condo conversion, and possible ADU garage conversion. Rare legacy asset with income, charm, and long-term upside.", "OpenHouseStartTime": "2026-06-28 13:00:00", "OpenHouseType": null, "VirtualOpenHouseURL": null }
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Corcoran Global Living", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"findassociate@corcorangl.com", "ListBrokerageCity":"San Francisco", "ListBrokerageCountry":"US", "ListBrokerageEmail":"inquiries@zephyrsf.com", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/61a307119c4811e497c34ac0bd73ddc6k-c1802188779r.png", "ListBrokerageName":"Corcoran Global Living", "ListBrokeragePhone":"(415) 278-9600", "ListBrokeragePostalCode":"94127", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"215 West Portal Ave", "ListBrokerageWebsiteUrl":"https://corcorangl.com/", "ListOfficeAddress1":"100 Drakes Landing Road ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"7A895", "ListOfficeCity":"Greenbrae", "ListOfficeCountry":"US", "ListOfficeEmail":"inquiries@zephyrsf.com", "ListOfficePostalCode":"94904", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income, Sausalito, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/516-Richardson-St_Sausalito_CA_94965_M25646-17572?f=listhub&s=BAREISCA&m=326035729&c=rexren", "MLSModificationTimestamp":"2026-09-18 02:39:13", "Neighborhoods":[{"Description":null, "Name":"Sausalito"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/18/2026 7:44:18 PM GMT
Source Updated Date: 10/6/2026 12:47:03 AM GMT

Courtesy of: Yasmine McGrane, Corcoran Icon Properties, yasmine.mcgrane@corcoranicon.com

Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.