Date
Details
Price
Change
Source
9/11/2024
Sold
$4,250,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$4,695,000 Just Listed
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Property Description
Investor Alert! Rare trophy property 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.
Full Property Details
Full Property Details for 516 Richardson St
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General
- Price: $4,695,000
- Status: Active
- Type: Multi-Family
- Source: BAREIS
- MLS ID: 326035729
- Updated: 5/11/2026
- Added to Site: 1 day(s) ago
Interior
- Appliances: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free Standing Gas Range, Free Standing Refrigerator, Microwave, Varies By Unit
- Flooring: Varies by Unit, Wood
Rooms
Other Rooms
- Laundry: Coin Operated, In Common Area, Washer/Dryer Owned
Additional Information
- Security/Safety: Carbon Mon Detector, Fire Extinguisher, Smoke Detector, Varies By Unit
Exterior
- Exterior Features: Fenced Yard, Yard Space
- Porch/Patio/Deck: Balcony/Deck, Uncovered Patio, Varies by Unit, Other
Parking
- Garage Spaces: 8
- Parking: Guest Parking Available, Permit Required, Street, See Remarks
Location
- Cross Streets: West Ct
- Driving Directions: Bridgeway to Richardson St, corner of Richardson St and West Ct
School Information
- School District: Marin
- Elementary School: Sausalito Marin City Schools
- Middle School: Tamalpais Union
- High School: Sausalito Marin City Schools
Heating & Cooling
- Cooling Type: None
- Heating Type: Fireplace(s), Natural Gas, Varies by Unit, Wall Furnace
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Cable Connected, City, Electricity, Internet Available, Natural Gas Connected, Sewer In & Connected
Structural Information
- # Buildings: 2
- Architectural Style: Mediterranean
- Construction: Brick, Concrete, Stucco
- Roof: Foam, Spanish Tile
- Windows: Varies by Unit
- Square Feet: 5,577
- Year Built: 1925
Unit Information
- 1 Bedroom Units: 4
- 3 Bedroom Units: 2
Unit 1
- Unit Description: Apartment
- Square Feet: 1288
- Bedrooms: 3
Unit 2
- Unit Description: Apartment
- Square Feet: 833
- Bedrooms: 1
Unit 3
- Unit Description: Apartment
- Square Feet: 599
- Bedrooms: 1
Unit 4
- Unit Description: Office
- Square Feet: 244
Lot Features
- Property View: Bay, Bay Bridge, City, City Lights, Panoramic, San Francisco, Varies by Unit, Water
- Lot Size (Acres): 0.1463
- Lot Size (Sq. Ft.): 6,373
- Lot Description: Corner, Cul-De-Sac, Curbs/Gutters, Sidewalk
Financial Considerations
- Tenant Pays: Cable TV, Electricity, Gas, Trash Collection, Water
Disclosures and Reports
- Special Conditions: Offer As Is
Listing provided by Corcoran Icon Properties, Yasmine McGrane
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Listing agent
— 516 Richardson St —
Yasmine McGrane
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Schools
Schools serving 516 Richardson St
School Districts:Sausalito Elementary School District, Tamalpais Union High School District
| Name | Grades | Distance |
|---|---|---|
Dr. Martin Luther King Jr. Academy 200 Phillips Drive, Sausalito, CA 94965 | K-8 | 2.3 mi |
Tamalpais High School 700 Miller Avenue, Mill Valley, CA 94941 | 9-12 | 3.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 516 Richardson St
Tax History
Tax History for 516 Richardson St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$60,265
52%
$4,250,000
64%
2024
$39,562
2%
$2,587,266
2%
2023
$38,871
3%
$2,536,596
2%
2022
$37,671
1%
$2,486,914
2%
2021
$37,203
2%
$2,438,212
1%
2020
$36,396
3%
$2,413,238
2%
2019
$35,383
5%
$2,365,983
2%
2018
$33,815
3%
$2,319,650
2%
2017
$32,985
4%
$2,274,224
2%
2016
$31,580
—
$2,229,682
2%
2015
$31,549
3%
$2,196,237
2%
2014
$30,575
10%
$2,153,275
12%
2013
$27,783
—
$1,925,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 516 Richardson St
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- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 3Total Baths
- 2,528Sq. Ft.
Listed by Compass, Butch Haze
- Condo
- Active
- Updated 3 days ago
- 3Beds
- 3Total Baths
- 2,331Sq. Ft.
Listing provided by Compass, Shana Rohde-Lynch
- Condo
- Active
- Updated 4 days ago
- 2Beds
- 2Total Baths
- 1,803Sq. Ft.
- Single Family
- Active
- Updated 51 minutes ago
- 4Beds
- 3Total Baths
- 3,458Sq. Ft.
Listed by SkyGroup Realty Inc., Anh H Pham
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- Townhouse
- Active
- Updated 51 minutes ago
- 2Beds
- 3Total Baths
Listed by Christie's Intl RE Sereno, Daniel Nissim
- Duplex
- Active
- Updated 1 day ago
Listed by Golden Gate Sotheby's Int'l Re, Herman Chan
- Condo
- Active
- Updated 6 days ago
- 2Beds
- 2Total Baths
- 1,360Sq. Ft.
Listing provided by Golden Gate Sotheby's International Realty, Lei Ann A Werner
- Single Family
- Active
- Updated 4 days ago
- 3Beds
- 2Total Baths
- 2,241Sq. Ft.
Listing provided by Marin Home Team, Sarah W Rayburn and Marin Home Team, Tara Patton
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- Single Family
- Closed
- 4Beds
- 4Total Baths
- 3,003Sq. Ft.
Listing provided by Compass, Nadine and Camara Team
- Single Family
- Closed
- Updated 11 days ago
- 4Beds
- 4Total Baths
- 3,395Sq. Ft.
Listing provided by Compass, Missy Zech Stacy Achuck and Compass, Beth Gassel
- Single Family
- Closed
- 5Beds
- 5Total Baths
- 3,024Sq. Ft.
Listing provided by Golden Gate Sotheby's International Realty, Stephanie Lamarre
Sold provided by Compass, Steven Mavromihalis and Compass, John Fitzgerald
Sold provided by Compass, Steven Mavromihalis and Compass, John Fitzgerald
- Multi-Family
- Closed
Listing provided by HL Commercial Real Estate, Mark G Cooper and HL Commercial Real Estate, Joseph Morrison
Sold provided by Compass, Megan Pomponio
Sold provided by Compass, Megan Pomponio
516 Richardson Street, Sausalito, CA 94965 (MLS# 326035729) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 516 Richardson Street is currently listed for $4,695,000 and was received on May 11, 2026. Want to learn more about 516 Richardson Street? Do you have questions about finding other Multi-Family real estate for sale in Sausalito? You can browse all Sausalito real estate or contact a Coldwell Banker agent to request more information.