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.
Active
Price cut: $250K (9/3)
$4,250,000
516 Richardson Street, Sausalito, CA 94965
10beds
5,577sqft
Multi Family
Built in 1925
-- sqft lot
$3,906,100 Zestimate®
$762/sqft
$-- HOA
What's special
Period detailsMediterranean-style villaInterconnected courtyardsOffice spacePrivate entrancesQuiet cul-de-sacSingle corner-lot parcel
- 160 days
- 962
- 103
Zillow last checked:
Listing updated:
Listed by:
Yasmine McGrane DRE #02133303 415-298-7775,
Corcoran Icon Properties 415-496-2600
Source: BAREIS,MLS#: 326035729
Originating MLS: Marin County
Originating MLS: Marin CountyFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 10
- Full bathrooms: 4
- Partial bathrooms: 1
Heating
- Fireplace(s), Natural Gas, Wall Furnace
Cooling
- None
Appliances
- Included: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Free-Standing Gas Range, Free-Standing Refrigerator, Microwave, Varies By Unit, Washer/Dryer
- Laundry: Coin Operated, Common Area
Features
- Unit 1 - Beds: 4, Baths: 8, Square Footage: 5152 | Unit 2 - Beds: 0, Baths: 0, Square Footage: 5577 | Unit 3 - Beds: 6, Baths: 2, Square Footage: 1198 | Unit 4 - Beds: 0, Baths: 0, Square Footage: 5577
- Flooring: Wood
- Has fireplace: Yes
Interior area
- Total structure area: 5,577
- Total interior livable area: 5,577 sqft
Video & virtual tour
Property
Parking
- Total spaces: 12
- Parking features: Guest, Permit Required, On Street, See Remarks
- Garage spaces: 8
- Carport spaces: 4
- Has uncovered spaces: Yes
Features
- Patio & porch: Balcony/Deck, Patio, Other
- Exterior features: Yard Space
- Fencing: Fenced
- Has view: Yes
- View description: Bay, Bay Bridge, City, City Lights, Panoramic, San Francisco, Water
- Has water view: Yes
- Water view: Bay,Water
Lot
- Size: 6,372 Square Feet
- Features: Corner Lot, Cul-De-Sac, Curbs/Gutters, Sidewalk
Details
- Parcel number: 06523311
- Special conditions: Offer As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Mediterranean
- Property subtype: Multi Family
Materials
- Brick, Concrete, Stucco
- Foundation: Concrete
- Roof: Foam,Spanish Tile
Condition
- Year built: 1925
Utilities & green energy
- Electric: 220 Volts, Separate Meters
- Gas: Separate Meters
- Sewer: Public Sewer
- Water: Public, Separate Meters
- Utilities for property: Cable Connected, City, Electricity Connected, Internet Available, Natural Gas Connected, Sewer In & Connected
Green energy
- Energy efficient items: Appliances, Water Heater
Community & HOA
Community
- Security: Carbon Monoxide Detector(s), Fire Extinguisher, Smoke Detector(s), Varies By Unit
HOA
- Has HOA: No
Location
- Region: Sausalito
Financial & listing details
- Price per square foot: $762/sqft
- Tax assessed value: $4,334,952
- Date on market: 5/11/2026
- Tenant pays: Cable TV, Electricity, Gas, Trash Collection, Water
- Electric utility on property: Yes
Estimated market value
$3,906,100
$3.71M - $4.10M
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Price change | $4,250,000-5.6%$762/sqft |
Source:  BAREIS #326035729 Report a problem | ||
| 7/14/2026 | Price change | $4,500,000-4.2%$807/sqft |
Source: BAREIS #326035729 Report a problem | ||
| 5/11/2026 | Listed for sale | $4,695,000+10.5%$842/sqft |
Source: BAREIS #326035729 Report a problem | ||
| 9/12/2024 | Sold | $4,250,000-5.6%$762/sqft |
Source: BAREIS #324031106 Report a problem | ||
| 9/7/2024 | Pending sale | $4,500,000$807/sqft |
Source: BAREIS #324031106 Report a problem | ||
| 7/5/2024 | Contingent | $4,500,000$807/sqft |
Source: BAREIS #324031106 Report a problem | ||
| 5/6/2024 | Listed for sale | $4,500,000+836.5%$807/sqft |
Source: BAREIS #324031106 Report a problem | ||
| 7/6/2007 | Sold | $480,500+16.1%$86/sqft |
Source: Public Record Report a problem | ||
| 11/9/1999 | Sold | $414,000-67%$74/sqft |
Source: Public Record Report a problem | ||
| 4/15/1999 | Sold | $1,255,000+25.5%$225/sqft |
Source: Public Record Report a problem | ||
| 12/10/1998 | Sold | $1,000,000$179/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | -- | $4,334,952 +2% |
| 2025 | $60,265 +52.3% | $4,250,000 +64.3% |
| 2024 | $39,562 +1.8% | $2,587,266 +2% |
| 2023 | $38,871 +3.2% | $2,536,596 +2% |
| 2022 | $37,671 +1.3% | $2,486,914 +2% |
| 2021 | $37,203 +2.2% | $2,438,212 +1% |
| 2020 | $36,396 +2.9% | $2,413,238 +2% |
| 2019 | $35,383 +4.6% | $2,365,983 +2% |
| 2018 | $33,815 +2.5% | $2,319,650 +2% |
| 2017 | $32,985 +4.5% | $2,274,224 +2% |
| 2016 | $31,580 +0.1% | $2,229,682 +1.5% |
| 2015 | $31,549 +3.2% | $2,196,237 +2% |
| 2014 | $30,575 | $2,153,275 +11.9% |
| 2013 | -- | $1,925,000 +5.8% |
| 2012 | -- | $1,820,000 -2.8% |
| 2011 | -- | $1,872,000 |
| 2010 | -- | $1,872,000 -8.7% |
| 2009 | -- | $2,049,915 +2% |
| 2008 | -- | $2,009,770 +29.6% |
| 2007 | -- | $1,550,885 +2% |
| 2006 | -- | $1,520,526 +2% |
| 2005 | -- | $1,490,762 +2% |
| 2004 | -- | $1,461,582 +2% |
| 2003 | -- | $1,432,447 +2% |
| 2002 | -- | $1,404,366 +2% |
| 2001 | -- | $1,376,838 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 94965
Nearby schools
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