# 516 Richardson Street, Sausalito, CA 94965

> **TL;DR:** 10bd/5ba residential multi family, $4,250,000 ($762/sqft), built 1925, 5,577 sqft.
> Fireplace, View. Est. $22,730/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $4,250,000 |
| Price/sqft | $762 |
| Bedrooms | 10 |
| Bathrooms | 4 full, 1 half |
| Square Feet | 5,577 |
| Year Built | 1925 |
| Lot Size | 6,373 sqft (0.15 acres) |
| Property Type | Residential Multi Family (Other) |
| Status | Active |
| Days on Market | 0 |

## Why This Home Stands Out

- **Views** - City, Water, Bridge

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $21,490 |
| Estimated Insurance | $1,240 |
| **Total** | **$22,730** |

## Key Amenities

- Fireplace
- View

## Property Highlights

- Built in 1925
- 0.15 acre lot
- 12 parking spaces
- Fireplace

## Description

### Agent Description
An exceptional legacy multiunit asset nestled on one of Old Town Sausalito's most coveted blocks, now offered at a compelling new price! This Mediterranean-style villa spans two circa-1920 buildings on a single corner-lot parcel along a quiet cul-de-sac six units, four garages, and a dedicated office/flex space, with panoramic views of the Bay, city skyline, Angel Island, and Alcatraz. The unit mix includes four light-filled 1BD/1BA upper residences and two spacious 3BD/2BA middle-level units, many with east-facing water views, private entrances, hardwood floors, fireplaces, and period details. Arched walkways, clay tile accents, and interconnected courtyards give the property a cohesive, inviting character. All units are separately metered for PG&E and water. Additional income-producing amenities include four garage/flex spaces, storage rooms, office space, and a common laundry facility with restroom. Just blocks from Sausalito's waterfront, ferry, shops, dining, Southview Park, and Swede's Beach, tenants enjoy easy access to San Francisco by ferry, bike, bus, or car. Strong in-place income and cap rate, low vacancy, and multiple upside levers condo conversion, garage/storage monetization, ADU addition, or a possible SB-9 lot split (buyer to verify) make this a rare chance to own a legacy asset in one of the Bay Area's most sought-after enclaves.

## Location

- **Address:** 516 Richardson Street, Sausalito, CA 94965
- **County:** Marin
- **Coordinates:** 37.850053, -122.483228
- **Google Maps:** https://www.google.com/maps?q=37.850053,-122.483228

## Virtual Tour & Media

- **Video Tour:** http://516Richardson.com

## Listing Agent

- **Name:** Yasmine McGrane
- **Brokerage:** Corcoran Global Living
- **Phone:** 4152987775
- **Broker Phone:** (415) 278-9600
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/516-Richardson-St_Sausalito_CA_94965_M25646-17572?f=listhub&s=BAREISCA&m=326035729&c=propsimple)

## Photos

![516 Richardson Street - Photo 1](http://lh.rdcpix.com/c5c7fe58b4f25b868cdd71a84e9b59f0l-f2326600973r.jpg)

![516 Richardson Street - Photo 2](http://lh.rdcpix.com/c5c7fe58b4f25b868cdd71a84e9b59f0l-f2652824618r.jpg)

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![516 Richardson Street - Photo 36](http://lh.rdcpix.com/c5c7fe58b4f25b868cdd71a84e9b59f0l-f1733935587r.jpg)

![516 Richardson Street - Photo 37](http://lh.rdcpix.com/c5c7fe58b4f25b868cdd71a84e9b59f0l-f2153273461r.jpg)

![516 Richardson Street - Photo 38](http://lh.rdcpix.com/c5c7fe58b4f25b868cdd71a84e9b59f0l-f2024252751r.jpg)

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![516 Richardson Street - Photo 46](http://lh.rdcpix.com/c5c7fe58b4f25b868cdd71a84e9b59f0l-f3569398924r.jpg)

![516 Richardson Street - Photo 47](http://lh.rdcpix.com/c5c7fe58b4f25b868cdd71a84e9b59f0l-f949375883r.jpg)

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---

**MLS#:** 326035729 | **Updated:** 2026-09-18
**Source:** listhub

*Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/516-richardson-street-sausalito-ca-94965-26035729)

---

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