516-518 Olive Street

Sausalito, CA 94965

$3,250,000
Last Sold Price
4
Beds
5
Baths
1
1/2 Bath
3,423 Sq. Ft.
$949 / Sq. Ft.
3,423
Sq. Ft.
$949
per Sq. Ft.

Description

Welcome to a unique multi-unit opportunity in Sausalito. The main residence is 516 Olive, designed by John Carden Campbell of Campbell & Wong Architects in 1972. It has been thoughtfully updated, there are 2 BRs, 2 BAs, office area w/laundry + 2-car garage. Primary suite opens to a courtyard & garden. Upper level is a spectacular open concept with 12-ft ceilings & huge windows w/views of Richardson Bay & Angel Island, beautiful built-ins, designer kitchen, front deck & rear patio for seamless indoor-outdoor...Welcome to a unique multi-unit opportunity in Sausalito. The main residence is 516 Olive, designed by John Carden Campbell of Campbell & Wong Architects in 1972. It has been thoughtfully updated, there are 2 BRs, 2 BAs, office area w/laundry + 2-car garage. Primary suite opens to a courtyard & garden. Upper level is a spectacular open concept with 12-ft ceilings & huge windows w/views of Richardson Bay & Angel Island, beautiful built-ins, designer kitchen, front deck & rear patio for seamless indoor-outdoor living. With a blend of history & modern amenities, all the units interiors were extensively remodeled from 2012-2023, along with exterior landscaping, gardens & driveways. Adjacent is 518 Olive, an old fishing cottage that has been transformed into a chic 2-BD, 1-BA w/1-car garage. It features a remodeled kitchen, upgraded bath, new deck, fenced yard, high ceilings, wood-burning stove and bay views. 516A Olive is a legal ADU converted from an art studio w/full kitchen, full bath, laundry & private patio, a hip inspirational space. Ideally located with quick access to freeways & town to enjoy the Sausalito lifestyle. Whether seeking a multifamily compound or a primary residence with supplemental rental income, this opportunity offers timeless appeal.

Property Details for 516-518 Olive Street

Architectural Style
Contemporary, Other
View Description
Bay, Lights, Water
Cross Street
Bridgeway
Total Parking Spaces
5
LISTING UPDATED: 08/09/2024 08:00 AM

Property Details for 516-518 Olive Street

StatusClosed
MLS #324053374
Days on Compass17
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Other
Year Built-
Lot Size0.14 AC / 6,098 SF
CountyMarin County

Building Information for 516-518 Olive Street

Stories-Residences-Year Built-Building Size-Lot Size0.14 AC / 6,098 SF

Property Information for 516-518 Olive Street

Summary
Location and General Information
  • Area/District: Sausalito
  • Area Short Display: A2400
  • Directions to Property: Bridgeway, to Olive Street.
  • Area Long Display: Sausalito
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 064-131-06
Parking
  • Parking Features: Garage, Side-by-Side
  • Carport Spaces: 0
  • Garage Spaces: 3
  • Open Parking Spaces: 2
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 1
Property
Lot Information
  • Square Footage: 3423.0
  • Square Footage Source: Architect
  • Lot Size Source: Assessor Agent-Fill
  • Lot Size Square Feet: 6098.0
  • Lot Features: Auto Sprinkler F&R, Landscape Back
Property and Assessments
  • Security Features: Security System Owned
  • Buyer Financing: Cash (No Loan)
  • Picture Count: 41
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
  • Construction Materials: Shingle Siding, Wood, Wood Siding
  • Actual or Scheduled: Scheduled
  • Gross Rent Multiplier: 0.0
Utilities
  • Sewer: Sewer Public
  • Water Source: Water District
Interior and Exterior Features
Exterior Features
  • Foundation: Concrete Perimeter
  • Roof: Bitumen, Shingle, Wood
  • # of Floors: 0
Interior Features
  • Heating: Central
  • Cooling: None
  • Laundry Features: In Each Unit
  • # of Guest Space(s): 0
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Rent Range: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 2
  • 2 Bedroom Rent Range: 4000 - 6500
  • 2 Bedroom Annual Occupancy: .00%
  • # of 2 Bedrooms Occupied: 0
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Rent Range: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 3
  • # Of Units Total: 3
  • # of Studio Units: 1
  • # Studios Occupied: 0
Unit 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Description: 1972 Campbell & Wong design. Stunning elegant contemporary. 12' ceilings, views, decks, garage.
  • Unit 1 Full Baths: 2
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 5
  • Unit 1 Approx SqFt: 0
Unit 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Description: Hip reimagined cottage with views, deck, garage and yard
  • Unit 2 Full Baths: 2
  • Unit 2 # of Rooms: 4
  • Unit 2 Approx SqFt: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Description: Cool ADU converted from an art studio w/full kitchen, full bath, laundry & patio.
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 0
  • Unit 3 Approx SqFt: 0
  • Unit 3 Type: Studio
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 0
  • Unit 4 Approx SqFt: 0

Property History for 516-518 Olive Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 516-518 Olive Street

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

Tamalpais High School
Public9 to 12

Tamiscal High (Alternative) School
Public9 to 12

San Andreas High (Continuation) School
Public10 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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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. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Golden Gate Sotheby's International Realty, Eckart Noack, DRE #01213357; Golden Gate Sotheby's International Realty, Colleen Madden, DRE #01400989

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.