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6-Unit Mediterranean Apartment Property
For Sale
$4,695,000

516 Richardson St, Sausalito, CA 94965

Two Mediterranean-style buildings offer varied residences, garage space, water views, and proximity to Sausalito waterfront amenities.

Property Size5,577 SF
Price / SF$841.85
Days on Market113

Property Features for 516 Richardson St

General Information

Standard status Active
Size 5,577 SF
Total Parking Spaces 4
Property subtype Residential Income

Site & Location

Road Access Yes
Public Transit Yes
Utilities to Site Yes

Units

Unit Mix 4 x 1BD/1BA, 2 x 3BD/2BA
Multifamily Units 6

Amenities

private entrances
hardwood floors
fireplaces
classic period details
arched walkways
clay tile accents
interconnected courtyards
common laundry facility with restroom
storage rooms
office space

Building Details

Buildings 2
Construction Mediterranean-style
Listing Agency: Corcoran Icon Properties
Listed By: Yasmine McGrane
Source: Exprealty
Added: May 11 Changed: Aug 30 Last Checked: Aug 30 at 7:00PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corcoran Icon Properties

Investment Insights

Based on property information with market context.

This 5,577-square-foot apartment property comprises two circa-1920 Mediterranean-style buildings on one parcel with six units. The unit mix includes four 1BD/1BA upper residences and two 3BD/2BA middle-level units. Features include private entrances, hardwood floors, fireplaces, period architectural details, arched walkways, clay tile accents, and interconnected courtyards. Many residences have east-facing views toward the water. The property also includes four garages, storage rooms, dedicated office/flex space, and a common laundry facility with restroom.

All units are separately metered for PG&E and water. Located on Richardson St in Sausalito's historic Old Town, the property is positioned near the waterfront, ferry service, shops, dining, Southview Park, and Swede's Beach. Access to San Francisco is available by ferry, bike, bus, or car.

Key Highlights

  • Six units across two circa‑1920 Mediterranean‑style buildings
  • Unit mix includes four 1BD/1BA residences and two 3BD/2BA units
  • 5,577 SF property with four garages, storage rooms, and office/flex space

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Pharmacy Bakery Grocery & Convenience Store Barber Shop Locksmith (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units
Yes
Paved road access
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

513
Businesses Nearby

Demographics for 94965, CA

11,447
Population
6,797
Households
1.7
Avg Household Size
50
Median Age
65%
College-Educated
93%
High-School Grad
14.6 sq mi
ZIP Area
784
Density / Sq Mi
$140,417
Median Household Income
$84,023
Median Earnings
$2,952
Median Rent
$1,492,600
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two Mediterranean-style buildings offer varied residences, garage space, water views, and proximity to Sausalito waterfront amenities.
Where is this apartment building located?
The property is located at 516 Richardson St Sausalito, CA.
What is the asking price?
The asking price for this property is $4,695,000.
What are key features of this property?
This property features: Six units across two circa‑1920 Mediterranean‑style buildings; Unit mix includes four 1BD/1BA residences and two 3BD/2BA units; 5,577 SF property with four garages, storage rooms, and office/flex space
More about this property
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