Home for Sale at 516 Richardson Street, Sausalito, CA 94965

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516 Richardson Street
Sausalito, CA 94965

Yasmine McGrane with Corcoran Icon Properties, original listing - (855) 437-1704

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Property Details

List Price:	$4,695,000
Beds:	--
Baths:	--
Status:	Active
SqFt:	5577 Square Feet
Agency:	Corcoran Icon Properties
Agency Phone:	(855) 437-1704

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Description/Comments

Lot Size:	0 acre(s)
Property Type:	Other-Other
Year Built:	1925
Notes:	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.
MlsNumber:	--
ListingId:	326035729

Listing Provided By:	Corcoran Icon Properties, original listing
Phone:	(855) 437-1704
Office Phone:	(855) 437-1704
Agent Name:	Yasmine McGrane
Disclaimer:	Copyright © 2026 Bay Area Real Estate Information Services, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest.

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Foreclosure Listings Increasing

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