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516 Richardson Street

Sausalito, CA 94965
  • $4,500,000
  • STATUS: Active
  • ON SITE: 47 Days
  • ID#: 324031106
UPDATED: 38 min ago
$4,500,000
  • 10
    BEDS
  • 0.15
    ACRES
  • 8
    BATHS
  • 0
    1/2 BATHS
  • 5,650
    SQFT
  • $796
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1925
County:
Area:

School Ratings & Info

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!

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© 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Country Estates, Inc.. Data last updated: 2024-06-23T20:56:40.27.
www.countryestatesinc.com/homes/150234506
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516 Richardson Street Sausalito, CA 94965

  • Price: $4,500,000
  • Status: Active
  • On Site: 47 Days
  • Updated: 38 min ago
  • ID#: 324031106
10
Beds
8
Baths
0
½ Baths
0.15
Acres
5,650
SQFT
$796
$/SQFT
1925
Built
Neighborhood:
Sausalito
County:
Marin
Area:
Sausalito
Property 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!
Exterior Features

Architectural Style MediterraneanSpanishVintage Carport Spaces 0 Construction Materials BrickConcretePartial InsulationPlasterStuccoWall Insulation Covered Spaces 0 Exterior Features Fenced YardYard Space Foundation Details ConcretePerimeter Independent Parking Spaces 0 Levels Two Lot Features CornerLandscape FrontShape RegularSidewalk Open Parking Spaces 2 Parking Features AttachedCoveredGarageGuest Parking AvailableOff StreetStreetTandem Garage Parking Total 6 Patio And Porch Features Balcony/DeckRoof Deck(s)Uncovered DeckVaries by Unit Roof Spanish TileTar/Gravel Tandem Parking Spaces 0 View BayCityCity LightsPanoramicSan FranciscoVaries by UnitWater

Interior Features

1 Bedroom Units Total 4 2 Bedroom Units Total 0 3 Bedroom Units Total 2 4 Bedroom Units Total 0 Appliances DishwasherDisposalENERGY STAR Qualified AppliancesFree Standing Gas RangeFree Standing RefrigeratorGas Water HeaterMicrowaveVaries By Unit Commercial Units Total 0 Cooling None Flooring LaminateLinoleumTileVaries by UnitVinylWood Green Energy Efficient Appliances Heating BaseboardElectricFireplace(s)Floor FurnaceNatural GasSeparateVaries by UnitWall Furnace Interior Features Storage Area(s) Laundry Features Coin OperatedIn Common Area Studio Units Total 0

Property Features

Accessibility Features None Association Fee 0 Association YN No Auction No Gross Income 252600 Property Condition OriginalVaries by Unit Property Sub Type 5 or More Units Property Type ResidentialIncome Security Features Varies By UnitNone Separate Meters ElectricityGasWater Sewer Public Sewer Subtype Description ApartmentsClass A Building Tenant Pays Cable TVElectricityGasTrash CollectionWater Utilities Cable AvailableElectricInternet AvailableNatural Gas Connected Water Source Public

Listing information © 2024 Bay Area Real Estate Information Services. Listing courtesy of Yasmine Mcgrane of Corcoran Icon Properties: .


© 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Country Estates, Inc.. Data last updated: 2024-06-23T20:56:40.27.
 
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