Pending
516 Richardson St
Sausalito CA, 94965
$4,500,000
$796.46 per sqft
Pending
8 Baths
5,650 sqft
Residential
Built in 1925
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!
324031106
MLSⓇ ID
May 6, 2024
Listed
September 7, 2024
Updated
Map
516 Richardson St
Sausalito CA, 94965
Interior Features
Total Stories
2
Total Bathrooms
8
Full Bathrooms
8
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 Description
Coin Operated, In Common Area
Floor Description
Laminate, Linoleum, Tile, Varies by Unit, Vinyl, Wood
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Baseboard, Electric, Fireplace(s), Floor Furnace, Natural Gas, Separate, Varies by Unit, Wall Furnace
Exterior/Building Features
Lot Size
0.15 Acres
Exterior Features
Fenced Yard, Yard Space, Corner, Landscape Front, Shape Regular, Sidewalk
Lot Features
Corner, Landscape Front, Shape Regular, Sidewalk
Architectual Style
Mediterranean, Spanish, Vintage
Roof
Spanish Tile, Tar/Gravel
Sewer
Public Sewer
School Information
School District
Sausalito Marin City Schools
Other Property Details
Area Name
Sausalito
Garage
Yes
Garage Spaces
4
Parking
Attached, Covered, Garage, Guest Parking Available, Off Street, Street, Tandem Garage
Parking Total
6
View
Yes
View Description
Bay, City, City Lights, Panoramic, San Francisco, Varies by Unit, Water
County
Marin
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
9/7/2024 | Pending | — |
7/5/2024 | Under contract | — |
Listed by Yasmine McGrane (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 Karen Fairty | CA DRE# 01265414 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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