




14 Beds
10 Baths
5,577 sqft
$4,250,000
516 Richardson Street, Sausalito CA, 94965
Price per sqft$762.06
Built in1925
Property size5,577 sqft
Property typeMulti-family
Overview
Active
Listed May 11, 2026
Updated 11 days ago
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.
$28,275/mo
Est. mortgage payment based on a $4,250,000 home price.
All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.
Additional information
- MLS® ID
- 326035729
Interior Features
- Bedrooms
- 14
- Bathrooms
- 10
- Heating
- Yes
- Basement
- No
Exterior Features
- Lot Size
- 0.15 Acres
Other Property Details
- Garage
- Yes
- View
- Yes
Listed by Yasmine McGrane (DRE #02133303) with Corcoran Icon Properties
Listing Contact:
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Kerry Evdokimoff | CA DRE# 01706361 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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