516 Richardson Street
Sausalito, CA 94965
- – beds
- – baths
- 5,650 sqft
- 6,373 sqft lot
- $752 per sqft
- 1925 build
- – on site
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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!
Listing courtesy of BAREIS / Yasmine McGrane / Corcoran Icon Properties / Bought with Chad Rummonds / Vanguard Properties
Last checked:
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Last updated Dec 17, 2024
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MLS# 324031106 —
The Building
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Year Built:1925
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Year Built Source:Assessor Auto-Fill
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Construction Materials:Brick, Concrete, Partial Insulation, Plaster, Stucco, Wall Insulation
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Architectural Style:Mediterranean, Spanish, Vintage
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Window Features:Varies by Unit, Weather Stripped
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Subtype Description:Apartments, Class A Building
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Patio And Porch Features:Balcony/Deck, Roof Deck(s), Uncovered Deck, Varies by Unit
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Accessibility Features:None
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Security Features:Varies By Unit, None
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Roof:Spanish Tile, Tar/Gravel
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Levels:Two
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# of Buildings:2
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Foundation:Concrete Perimeter
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Energy Efficient:Appliances
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# of Floors:2
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# of Units Total:6
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SqFt:5,650 Sqft
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SqFt Source:Owner
Interior
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Interior Features:Storage Area(s)
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Flooring:Laminate, Linoleum, Tile, Varies by Unit, Vinyl, Wood
Financial & Terms
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Terms:Conventional
Location
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Directions:Bridgeway to Richardson, corner of Richardson and West
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Area:Sausalito
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Cross Street:West Court
The Property
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Property Type:Residential Income
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Property Type:5 or More Units
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Lot Features:Corner, Landscape Front, Shape Regular, Sidewalk
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6373Lot SqFt:
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Lot Size Measurement:Acres
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Lot Size Source:Assessor Auto-Fill
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View Description:Bay, City, City Lights, Panoramic, San Francisco, Varies by Unit, Water
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0.1463Acres:
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Exterior Features:Fenced Yard, Yard Space
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Assessors Parcel Number:065-233-11
The Listing
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Special Listing Conditions:Offer As Is, None
Heating & Cooling
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Heating:Baseboard, Electric, Fireplace(s), Floor Furnace, Natural Gas, Separate, Varies by Unit, Wall Furnace
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Cooling:None
Utilities
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Utilities:Cable Available, Electric, Internet Available, Natural Gas Connected
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Water Source:Public
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Sewer:Public Sewer
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Separate Meters:Electricity, Gas, Water
Appliances
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Appliances:Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free Standing Gas Range, Free Standing Refrigerator, Gas Water Heater, Microwave, Varies By Unit
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Laundry Features:Coin Operated, In Common Area
Schools
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Elementary School District:Sausalito Marin City Schools
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Middle Or Junior School District:Tamalpais Union
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School District (County):Marin
The Community
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Association:No
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Cap Rate:4.62
Parking
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Garage Spaces:4.00
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Total Parking Spaces:6.00
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Parking Features:Attached, Covered, Garage, Guest Parking Available, Off Street, Street, Tandem Garage
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Open Parking Spaces:2.00
Extra Units
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# of 1 Bedroom Units:4
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# of 3 Bedroom Units:2
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Unit 1 Type:Apartment
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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)
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Unit 1 Bedrooms:2
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Unit 1 Full Baths:2
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Unit 1 Approx SqFt:1623
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Unit 2 Type:Apartment
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Unit 2 Full Baths:2
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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)
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Unit 2 Bedrooms:2
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Unit 2 Approx SqFt:1133
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Unit 3 Type:Apartment
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Unit 3 Bedrooms:3
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Unit 3 Description:There is one 3 BD, 2 BA east facing unit on main level that tenant occupied
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Unit 3 Full Baths:2
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Unit 3 # of Rooms:8
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Unit 3 Approx SqFt:1465
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Unit 4 Type:Apartment
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Unit 4 Description:There is one 3 BD, 2 BA east facing unit on the main level that is vacant and recently remodeled
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Unit 4 Bedrooms:3
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Unit 4 # of Rooms:8
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Unit 4 Full Baths:2
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Unit 4 Approx SqFt:1288
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/12/24
Sep 12, 2024
|
Sold | BAREIS | $4,250,000 | -5.6% |
9/6/24
Sep 6, 2024
|
Pending | BAREIS | $4,500,000 | |
7/5/24
Jul 5, 2024
|
Sold Subject To Contingencies | BAREIS | $4,500,000 |