516 Richardson St Sausalito, CA 94965
Sausalito AreaEstimated payment $29,732/month
Highlights
- Views of San Francisco
- Wood Flooring
- Corner Lot
- Tamalpais High School Rated A
- Mediterranean Architecture
- 3-minute walk to South View Park
About This Home
Must See! Rare trophy property with solid cap rate and upside income potential on one of the MOST coveted blocks in historic Old Town Sausalito, offering panoramic views of the San Francisco Bay, city skyline, Angel Island, and Alcatraz. Set on a prime corner lot along a quiet cul-de-sac, this Mediterranean-style villa features two circa-1920 buildings on a single parcel with six units, four garages, and a dedicated office/flex space. The unit mix includes four light-filled 1BD/1BA upper residences and two spacious 3BD/2BA middle-level units. Many units enjoy east-facing water views, private entrances, hardwood floors, fireplaces, and classic period details. All units are separately metered for PG&E and water. The property's distinctive architecture - arched walkways, clay tile accents, and interconnected courtyards - creates a cohesive and inviting environment. Additional amenities include four large garage/flex spaces, storage rooms, office space, and a common laundry facility with restroom, offering multiple avenues for added income. Ideally located just blocks from Sausalito's waterfront, ferry, shops, dining, Southview Park, and Swede's Beach, tenants enjoy an exceptional lifestyle with convenient access to San Francisco by ferry, bike, bus, or car. With strong in-place income and cap rate, low vacancy, and significant upside potential through condo conversion, garage/storage monetization, ADU addition, or possible lot split with SB-9 streamlined process (buyer to verify), this is a rare opportunity to acquire a legacy asset in one of the Bay Area's most sought-after enclaves.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1925 | Remodeled
Lot Details
- 6,373 Sq Ft Lot
- Cul-De-Sac
- Corner Lot
- Private Yard
Parking
- 8 Car Garage
- 4 Carport Spaces
- Guest Parking
- On-Street Parking
- Parking Permit Required
Property Views
- Bay
- San Francisco
- Views of the Bay Bridge
- Panoramic
- City Lights
Home Design
- Mediterranean Architecture
- Brick Exterior Construction
- Concrete Foundation
- Spanish Tile Roof
- Foam Roof
- Concrete Block And Stucco Construction
Interior Spaces
- 5,577 Sq Ft Home
- Fireplace
- Wood Flooring
- Washer and Dryer
Kitchen
- Free-Standing Gas Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
- Fire Suppression System
Eco-Friendly Details
- ENERGY STAR Qualified Appliances
Outdoor Features
- Balcony
- Patio
Utilities
- No Cooling
- Wall Furnace
- Heating System Uses Natural Gas
- 220 Volts
- Natural Gas Connected
- High-Efficiency Water Heater
- Internet Available
- Cable TV Available
Community Details
Overview
- 2 Buildings
- 6 Units
Additional Features
- Laundry Facilities
- Gross Income $305,130
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $60,265 | $4,334,952 | $2,754,000 | $1,580,952 |
| 2025 | $60,265 | $4,250,000 | $2,700,000 | $1,550,000 |
| 2024 | $39,562 | $2,587,266 | $1,307,745 | $1,279,521 |
| 2023 | $38,871 | $2,536,596 | $1,282,110 | $1,254,486 |
| 2022 | $37,671 | $2,486,914 | $1,256,975 | $1,229,939 |
| 2021 | $37,203 | $2,438,212 | $1,232,335 | $1,205,877 |
| 2020 | $36,396 | $2,413,238 | $1,219,699 | $1,193,539 |
| 2019 | $35,383 | $2,365,983 | $1,195,792 | $1,170,191 |
| 2018 | $33,815 | $2,319,650 | $1,172,351 | $1,147,299 |
| 2017 | $32,985 | $2,274,224 | $1,149,369 | $1,124,855 |
| 2016 | $31,580 | $2,229,682 | $1,126,834 | $1,102,848 |
| 2015 | $31,549 | $2,196,237 | $1,109,913 | $1,086,324 |
| 2014 | $30,575 | $2,153,275 | $1,088,178 | $1,065,097 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/14/2026 07/14/26 | Price Changed | $4,500,000 | -4.2% | $807 / Sq Ft | |
| 05/11/2026 05/11/26 | For Sale | $4,695,000 | +10.5% | $842 / Sq Ft | |
| 09/12/2024 09/12/24 | Sold | $4,250,000 | -5.6% | $752 / Sq Ft | View Prior Sale |
| 09/05/2024 09/05/24 | Pending | -- | -- | -- | |
| 05/06/2024 05/06/24 | For Sale | $4,500,000 | -- | $796 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $4,250,000 | Old Republic Title | |
| Grant Deed | -- | Stewart Title Of California | |
| Grant Deed | -- | California Land Title Marin | |
| Interfamily Deed Transfer | -- | California Land Title Marin | |
| Grant Deed | -- | Cal Land Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | $238,000 | -- | |
| Interfamily Deed Transfer | $87,500 | Fidelity National Title Co | |
| Grant Deed | $414,000 | First American Title Co | |
| Interfamily Deed Transfer | -- | First American Title Co | |
| Grant Deed | $1,255,000 | First American Title Co | |
| Grant Deed | $1,000,000 | Fidelity National Title | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,850,000 | New Conventional | |
| Previous Owner | $750,000 | Commercial | |
| Previous Owner | $1,650,000 | Future Advance Clause Open End Mortgage | |
| Previous Owner | $125,000 | Unknown | |
| Previous Owner | $1,275,000 | Balloon | |
| Previous Owner | $1,275,000 | Balloon | |
| Previous Owner | $250,000 | Unknown | |
| Previous Owner | $1,010,000 | No Value Available |
Source: Bay Area Real Estate Information Services (BAREIS)
MLS Number: 326035729
APN: 065-233-11
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information deemed reliable but not guaranteed. Copyright 2026 Bay Area Real Estate Information Services, Inc. All Right Reserved.
- 311 3rd St Unit A
- 137 Crescent Ave
- 307 North St
- 105 3rd St Unit 4
- 69 Crescent Ave
- 103 Marion Ave
- 158 Edwards Ave
- 100 South St Unit 208
- 63 Bulkley Ave
- 561 Bridgeway
- 42 Edwards Ave
- 120 Bulkley Ave
- 17 Girard Ave
- 517 Pine St
- 415 Johnson St
- 35 Filbert Ave
- 177 Cazneau Ave
- 149 Filbert Ave
- 149 Filbert Ave Unit 147
- 20 Gordon St
- 105 Bridgeway
- 501 Bridgeway
- 173 Prospect Ave
- 51 Santa Rosa Ave Unit SI ID1546345P
- 14 Princess Ln Unit 2
- 923 Bridgeway
- 428 Napa St
- 802 Spring St
- 56 Cypress Place
- 408 Golden Gate Ave
- 172 Bella Vista Ave Unit A
- 172 Bella Vista Ave Unit C
- 172 Bella Vista Ave
- 172 Bella Vista Ave Unit B
- 55 W Shore Rd
- 1-22 Mallard Rd
- 609 Drake Ave
- 77 Buckelew St
- 95 Spring Ln
- 27 Meadow Hill Dr
Ask me questions while you tour the home.