516 Richardson Street Sausalito, CA 94965
Listing Courtesy of: BAREIS / Corcoran Icon Properties / Yasmine McGrane

  516 Richardson Street Sausalito, CA 94965

Contingent (68 Days)
$4,500,000
10
BED
8
BATH
5,650
SQFT

Description

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!

MLS #:
324031106
Lot Size
6,373 SQFT
Type
Multifamily
Year Built
1925
Style
Vintage, Mediterranean, Spanish
Views
City, Panoramic, Bay, Water, City Lights, San Francisco, Varies by Unit
School District
Marin
County
Marin County

Listed By

Yasmine McGrane, DRE #02133303 CA, Corcoran Icon Properties
Source
BAREIS
Last checked Jul 13 2024 at 6:17 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 8
Kitchen
  • Dishwasher
  • Microwave
  • Disposal
  • Gas Water Heater
  • Free Standing Gas Range
  • Free Standing Refrigerator
  • Energy Star Qualified Appliances
  • Varies by Unit
Lot Information
  • Corner
  • Sidewalk
  • Landscape Front
  • Shape Regular
Property Features
  • Foundation: Concrete Perimeter
Heating and Cooling
  • Electric
  • Separate
  • Baseboard
  • Natural Gas
  • Wall Furnace
  • Fireplace(s)
  • Varies by Unit
  • Floor Furnace
  • None
Flooring
  • Wood
  • Tile
  • Laminate
  • Linoleum
  • Vinyl
  • Varies by Unit
Exterior Features
  • Roof: Tar/Gravel
  • Roof: Spanish Tile
Utility Information
  • Utilities: Electric, Internet Available, Cable Available, Natural Gas Connected
  • Sewer: Public Sewer
  • Energy: Appliances
School Information
  • Elementary School: Sausalito Marin City Schools
  • Middle School: Tamalpais Union
Living Area
  • 5,650 sqft
Additional Listing Info
  • Buyer Brokerage Commission: 2.50
Location
   
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Disclaimer: Listing Data © 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. Data last updated: 7/13/24 11:17