Property Details
About this Property
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. 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). 4.62% cap rate before additional income potential. This trophy property held with the same owner for 25 years. Must see!
MLS Listing Information
MLS #
BA324031106
MLS Source
Bay Area Real Estate Information Services, Inc.
Interior Features
Appliances
Dishwasher, Garbage Disposal, Microwave, Oven Range - Gas, Appliances - Vary by Unit
Flooring
Laminate, Linoleum, Tile, Varies by Unit, Vinyl, Wood
Laundry
Coin Operated
Cooling
None
Heating
Baseboard, Electric, Fireplace, Floor Furnace, Gas - Natural, Separate, Varies by Unit, Wall Furnace
Exterior Features
Roof
Tar/Gravel, Barrel / Truss
Foundation
Concrete Perimeter
Style
Mediterranean, Spanish, Vintage
Parking, School, and Other Information
Garage/Parking
Attached Garage, Covered Parking, Garage, Guest / Visitor Parking, Off-Street Parking, Street, Tandem Parking, Garage: 4 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 1 | – |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 1,623 | 2 | 2/0 | – | – | – |
| 2 | 1,133 | 2 | 2/0 | – | – | – |
| 3 | 1,465 | 3 | 2/0 | – | – | – |
| 4 | 1,288 | 3 | 2/0 | – | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
516 Richardson St is a Residential Income in Sausalito, CA 94965. This 5,650 square foot property sits on a – Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at – and was built in 1925. This address can also be written as 516 Richardson St, Sausalito, CA 94965.
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This listing information is up-to-date as of September 13, 2024. For the most current information, please contact Yasmine McGrane, (415) 298-7775
