516 Richardson Street

Sausalito, CA 94965

$4,500,000
Price
10
Beds
8
Baths
5,650 Sq. Ft.
$796 / Sq. Ft.
5,650
Sq. Ft.
$796
per Sq. Ft.

Description

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,...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. 5 units rented, 1 vacant (recently remodeled). 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). This rare property has been held with the same owner for 25 years. Must see!
  1. Listed by Yasmine McGrane • DRE #02133303 • Brokerage DRE #00818204 • Corcoran Icon Properties

Property Details for 516 Richardson Street

Architectural Style
Mediterranean, Spanish, Vintage
View Description
Bay, City, Lights, Panoramic, San Francisco, Varies by Unit, Water
Cross Street
West Court
Total Parking Spaces
6

Location

Listing Courtesy of Corcoran Icon Properties, Yasmine McGrane, DRE #02133303
Add your commute
LISTING UPDATED: 05/20/2024 03:07 PM

Property Details for 516 Richardson Street

StatusActive
MLS #324031106
Days on Compass16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1925
Lot Size0.15 AC / 6,372 SF
CountyMarin County

Location

Listing Courtesy of Corcoran Icon Properties, Yasmine McGrane, DRE #02133303
Add your commute

Virtual Tour

Building Information for 516 Richardson Street

Stories-Residences-Year Built1925Building Size-Lot Size0.15 AC / 6,372 SF

Payment Calculator

$27,797 per month

30 year fixed, 7.25% Interest

Principal and Interest

$24,558

Property Taxes

$3,239

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 516 Richardson Street

Summary
Location and General Information
  • Area/District: Sausalito
  • Area Short Display: A2400
  • Directions to Property: Bridgeway to Richardson, corner of Richardson and West
  • Accessibility Features: None
  • Area Long Display: Sausalito
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 065-233-11
School Information
  • School District (County): Marin
  • Elementary School District: Sausalito Marin City Schools
  • Middle or Junior School District: Tamalpais Union
Parking
  • Parking Features: Attached, Covered, Garage, Guest Parking Available, Off Street, Street, Tandem Garage
  • Carport Spaces: 0
  • Garage Spaces: 4
  • Open Parking Spaces: 2
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 3
Property
Lot Information
  • Square Footage: 5650.0
  • Square Footage Source: Owner
  • Year Built Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 6373.0
  • Lot Features: Corner, Landscape Front, Shape Regular, Sidewalk
  • Property Condition: Original,Varies by Unit
Property and Assessments
  • Security Features: Varies By Unit, None
  • Picture Count: 73
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Any offer of compensation is made exclusively to Broker Participants of the MLS where the subject listing is filed.<BR> Copyright &copy; 2024 Bay Area Real Estate Information Services, Inc. All rights reserved.<BR>Copyright</A> &copy;2024 <A name="trans">Rapattoni Corporation. All rights reserved.</A><BR>U.S. Patent 6,910,045
  • Construction Materials: Brick, Concrete, Partial Insulation, Plaster, Stucco, Wall Insulation
  • Actual or Scheduled: Actual
  • Gross Rent Multiplier: 0.0
Green Features
  • Energy Efficient: Appliances
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
  • Separate Meters: Electricity, Gas, Water
  • Utilities: Cable Available, Electric, Internet Available, Natural Gas Connected
Interior and Exterior Features
Exterior Features
  • Foundation: Concrete Perimeter
  • Levels: Two
  • Exterior Features: Fenced Yard, Yard Space
  • Patio And Porch Features: Balcony/Deck, Roof Deck(s), Uncovered Deck, Varies by Unit
  • Roof: Spanish Tile, Tar/Gravel
  • # of Floors: 2
Interior Features
  • Heating: Baseboard, Electric, Fireplace(s), Floor Furnace, Natural Gas, Separate, Varies by Unit, Wall Furnace
  • Cooling: None
  • Flooring: Laminate, Linoleum, Tile, Varies by Unit, Vinyl, Wood
  • 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 Features: Coin Operated, In Common Area
  • # of Guest Space(s): 0
  • Window Features: Varies by Unit, Weather Stripped
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 4
  • 1 Bedroom Rent Range: 2334-3590
  • 1 Bedroom Annual Occupancy: 100.00%
  • # of 1 Bedrooms Occupied: 4
2 Bedroom Unit
  • # of 2 Bedroom Units: 0
  • 2 Bedroom Rent Range: 0.00
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 2
  • 3 Bedroom Rent Range: 4763-4950
  • 3 Bedroom Annual Occupancy: 50.00%
  • # of 3 Bedrooms Occupied: 1
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 0.00
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $252,600.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 2
  • # Of Units Total: 6
  • # of Studio Units: 0
  • # Studios Occupied: 0
Unit 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Description: Two 1 BD, 1 BA east facing units, upper level (totaling 2 BD, 2BA) Total Sq Ft: 1623 (2B=883,6B=740)
  • Unit 1 Full Baths: 2
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 0
  • Unit 1 Approx SqFt: 1623
  • Unit 1 Type: Apartment
Unit 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Description: Two 1 BD, 1 BA west facing units, upper level (totaling 2 BD, 2BA) Total Sq Ft: 1133 (2A=599,6A=534)
  • Unit 2 Full Baths: 2
  • Unit 2 # of Rooms: 0
  • Unit 2 Approx SqFt: 1133
  • Unit 2 Type: Apartment
Unit 3
  • Unit 3 Bedrooms: 3
  • Unit 3 Description: There is one 3 BD, 2 BA east facing unit on main level that tenant occupied
  • Unit 3 Full Baths: 2
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 8
  • Unit 3 Approx SqFt: 1465
  • Unit 3 Type: Apartment
Unit 4
  • Unit 4 Bedrooms: 3
  • Unit 4 Description: There is one 3 BD, 2 BA east facing unit on the main level that is vacant and recently remodeled
  • Unit 4 Full Baths: 2
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 8
  • Unit 4 Approx SqFt: 1288
  • Unit 4 Type: Apartment

Property History for 516 Richardson Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 516 Richardson Street

Taxable ValueLand$1,282,110Additions$1,254,486Total$2,536,596
Tax Record2023$38,871 ($3,239 / month)
Home Facts
Total Finished SqFt5,433 SqFtAbove Grade Finished SqFt5,433 SqFtLot Size6,375 SqFtStyleDuplexYear Built1925Year Renovated1962CountyMARINAPN065-233-11

Schools near 516 Richardson Street

This home is within Tamalpais Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 10 to 12
Public - 9 to 12
Rating
School
Distance
Dr. Martin Luther King Jr. Academy
PublicK to 8

Tamalpais High School
Public9 to 12

San Andreas High (Continuation) School
Public10 to 12

Tamiscal High (Alternative) School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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516 Richardson Street is a multi-family home for sale in Sausalito, CA 94965. This property was listed for sale on May 6, 2024 by Corcoran Icon Properties, it's currently listed at $4,500,000. It has been on the market for a total of 16 days and was last sold on November 6, 2006. This listing's school districts are Tamalpais Union High School District, Sausalito Marin City School District. Nearby schools include Dr. Martin Luther King Jr. Academy, Tamalpais High School and San Andreas High (Continuation) School. 516 Richardson Street is a 10-bed, 8-bath, 5,650 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Corcoran Icon Properties, Yasmine McGrane, DRE #02133303

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.