506 - 508 Spring Street, Sausalito, CA, 94965
About This Home
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.
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Year built: 1955
Materials
- Construction materials: Stucco
Type & Style
- Home type: MultiFamily
- Architectural style: Mid-Century
- Property subType: Quadruplex
Interior
Appliances
- Appliances included: Disposal,Free-Standing Electric Range,Free-Standing Refrigerator,Gas Water Heater,Varies By Unit,See Remarks
- Laundry features: Laundry Closet
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Features
- Unit 1 - Beds: 4,Baths: 4,Square Footage: 3152 | Unit 2 - Beds: 0,Baths: 0,Square Footage: 3152 | Unit 3 - Beds: 0,Baths: 0,Square Footage: 3152 | Unit 4 - Beds: 0,Baths: 0,Square Footage: 3152
Heating & Cooling
- Heating features: Wall Furnace
- Cooling features: None
Interior Area
- Total structure area: 3,152
- Total interior livable area: 3,152 sqft
Property
Details
- Parcel number: 06413502
- Special condition: Offer As Is
Features
- Levels: Two
- Patio & porch: Balcony/Deck
- Exterior features: Yard Space
- Fencing: Fenced
- Has view: Yes
- View description: Bay,Water
- Has water view: Yes
- Water view: Bay,Water
Lot
- Lot size: 5,998 sqft
- Features: Shape Regular
Parking
- Total spaces: 8
- Parking features: Covered,Uncovered
- Covered spaces: 4
- Has uncovered spaces: Yes
- Uncovered spaces: 4
- Carport: Yes
- Carport spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
How This Home’s Risks Compare
FEMA Declared Disasters in Marin County and California
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $11,377 | $136,524 |
| Home Insurance * | $361 | $4,332 |
| Property Taxes | $1,443 | $17,316 |
| Electricity | $675 | $8,110 |
| Total | $13,856 | $166,272 |
Income You'd Need if You Spent...
California FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-07-03 | Price change | $2,250,000 |
| 2026-06-12 | Listed for sale | $2,375,000 |
| 2025-09-30 | Listing removed | $2,225,000 |
| 2025-07-31 | Price change | $2,225,000 |
| 2025-06-06 | Price change | $2,299,000 |
| 2025-05-05 | Price change | $2,395,000 |
| 2025-04-04 | Listed for sale | $2,499,999 |
| 2024-03-14 | Listing removed | $2,500,000 |
| 2023-12-30 | Listed for sale | $2,500,000 |
| 2021-05-19 | Sold | $2,025,000 |
| 2021-01-22 | Listing removed | -- |
| 2021-01-05 | Contingent | $1,995,000 |
| 2020-12-17 | Pending sale | $1,995,000 |
| 2020-11-18 | Listed for sale | $1,995,000 |
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