Investment Opportunity in the Heart of Sausalito! Discover a legacy building offering four well-maintained 1BR/1BA units, each with a deck. Every unit has been upgraded over the years with newer kitchens and baths, fresh paint within the last three years, and floors that have been refinished or newly installed. Residents enjoy four covered parking spaces plus four additional tandem, uncovered spots, along with private in-unit laundry and dedicated storage for each home. The large shared backyard is perfect for relaxing or hosting a weekend BBQ. Ideal for owner-occupants and investors alike, all four units are currently rentedthree on flexible month-to-month terms. There's also exciting upside potential with possible ADU and/or condo conversion (buyer to verify). Unbeatable location: one block to the bus, a 15-minute stroll to the ferry, and quick access to San Francisco via Highways 101 and 580. Surrounded by Sausalito's beloved restaurants and shopsand some of the best views in all of Marin.
Spring Street Valley, located between Bridgeway and Sausalito Boulevard, is a hillside and waterfront Sausalito neighborhood with terraced cottages and bay-view switchbacks. The neighborhood’s character concentrates around the Bridgeway and Princess Street corner, where sidewalk tables, gallery windows, and marina foot traffic set a steady daytime hum. Local pillars include the Bay Model Visitor Center, the Sausalito Center for the Arts, and the No Name Bar. Architecture shifts from compact mid-century apartments to shingled hillside homes tucked behind stairways and retaining walls. A short climb brings pocket gardens and lookout benches, while the flats read as walkable and café-oriented. Fog and ferry horns drift through the valley, giving daily routines a maritime cadence.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Disposal
Gas water heater
Varies by unit
Roof has green energy features
Carbon monoxide detector
Fire extinguisher
Smoke detector
Bedrooms
Four 1‑bedroom apartments (each unit is a 1‑bedroom apartment)
Bathrooms
Each unit has 1 full bathroom
Kitchen
Free‑standing electric range
Free‑standing refrigerator
Laundry & utility
Laundry closet
Flooring
Varies by unit
Heating & cooling
Wall furnace heating
No central cooling
Exterior features
Fenced yard
Yard space
Balcony/deck for units
Home design
Residential income property
Quadruplex
Two levels
Parking
Covered parking for 8 vehicles
Security
Carbon monoxide detector
Fire extinguisher
Smoke detector
Construction
Regular shaped lot
Utilities
Public sewer
HOA & community
No association
Electricity and solar
View estimated energy costs and solar savings for this home
The two-family residential zoning district (R-2) provides for a mix of single-family and duplex dwellings. The district is intended to provide for development of single- and two-family dwellings in appropriately located areas and with the appropriate character.; The two-family residential zoning district is a medium to medium-high density residential land use category. Densities are one dwelling unit per 2,500 sq ft or 5,000 sq ft, depending on location.
Permitted uses
Include but are not limited to:
Housing-Single unit
Housing-Multiple units
Housing-Senior
Housing-Other
Park & open space
Jul 30, 2021 • Final
Encroachment
Replace sidewalk sections near a tree and a water meter box.
Grading
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
9 days above 78° expected this year, 19 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
8/10 Air Factor
13 unhealthy days expected this year, 13 days in 30 years
Provided by First Street
Historical weather
Sausalito, CA • 94965
Average low and high temperatures (°F)
60
48
61
49
65
51
62
50
65
52
64
53
63
55
68
57
69
58
70
56
62
51
57
49
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
87/ 100
Very good sunlight
Sunscore
This home ranks in the top 9% for direct sun exposure in Sausalito. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.1 hrs
4.9 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 506 - 508 Spring St
$2,144,254
$106K under list price of $2.25M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $1.5M to $2.6M.