11 Commodore Marina Loop

$1,747,000
Price
4
Beds
1,387 Sq. Ft.
$1,260 / Sq. Ft.
1,387
Sq. Ft.
$1,260
per Sq. Ft.

Description

This completely remodeled 4-Unit Houseboat has been approved by the Commodore Marina as a short-term rental since September of 2022. All units have consistently maintained occupancy rates over 80%. Gross rental income in 2024 was $415,030, making the GRM just 4.21 years at the bidding start price, The NOI was $255,281, making the Cap Rate 14.6%. Each unit features a raised platform bed to overlook open water views, a full kitchen including a stacking washer/dryer, a full bath with heated floors and...This completely remodeled 4-Unit Houseboat has been approved by the Commodore Marina as a short-term rental since September of 2022. All units have consistently maintained occupancy rates over 80%. Gross rental income in 2024 was $415,030, making the GRM just 4.21 years at the bidding start price, The NOI was $255,281, making the Cap Rate 14.6%. Each unit features a raised platform bed to overlook open water views, a full kitchen including a stacking washer/dryer, a full bath with heated floors and a private outside deck area. There is also over 1000 sq. ft. of climate-controlled storage in the barge below decks with a commercial washer/dryer to allow for quick rental change overs
  1. Listed by Robert Warner • DRE #02093031 • eXp Realty of Greater Los Angeles, Inc.
    P: (415)-331-5683 C: (415)-331-5683 rw@nowrealty.us

Property Details for 11 Commodore Marina Loop

Zoning
C-M
Zoning:C-M
Yes
Location Info:Cross Street
Redwood Highway
Property Information:Recurring Fees
Yes
LISTING UPDATED: 06/10/2025 10:26 AM

Property Details for 11 Commodore Marina Loop

StatusActive
MLS #25-877
Days on Compass267
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1967
Lot Size-
CountyMarin County

Location

Listing Courtesy of eXp Realty of Greater Los Angeles, Inc., Robert Warner, DRE #02093031
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Building Information for 11 Commodore Marina Loop

Stories2Residences4Year Built1967Building Size-Lot Size-

Payment Calculator

$8,633 per month

30 year fixed, 6.28% Interest

Principal and Interest

$8,633

Property Taxes

$0

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 11 Commodore Marina Loop

Details
Features
  • District: 97 - OUT OF AREA
  • District: 97 - OUT OF AREA
  • Amenities:Deck: Yes
  • Amenities:Fire Spkl: Yes
  • Amenities:Cable TV: Yes
  • Amenities:Elec Stove: Yes
  • Amenities:Ovens/Bltin: Yes
  • Amenities:Dishwasher: Yes
  • Amenities:Disposal: Yes
  • Amenities:Microwave: Yes
  • Amenities:Washer: Yes
  • Amenities:Dryer: Yes
  • Amenities:Refrigerator: Yes
  • Amenities:Insul T/O: Yes
  • Amenities:Fncd Back: Yes
  • FlrWdw Coverings:Wood/Laminate: Yes
  • FlrWdw Coverings:Tile: Yes
  • Laundry Features: Laundry Room, In Unit
  • Laundry:In Unit: Yes
  • Laundry:Laundry Room: Yes
  • Pets Allowed: Yes
  • Pets:Yes: Yes
  • Security:Smoke Detector(s): Yes
  • Flooring: Tile, Wood/Laminate
  • Heating: Radiant Flooring, Solar, Elec
  • Security Features: Smoke Detc
  • Heating: Yes
  • Heating/Cooling:Elec: Yes
  • Heating/Cooling:Solar: Yes
  • Heating/Cooling:A/C Other: Yes
  • Heating/Cooling:Radiant Flooring: Yes
  • Year Built Numeric: 1967
  • Main House SqFt: 1387.0
  • Other Structures SqFt: 1684.0
  • Stories: 2
  • Property Information:Stories: 2.0
  • Building Area Total: 1387.0
Taxes and HOA Information
  • Parcel Number: 901-100-11
  • Association Fee: $.00
Parking/Garage
  • Open Parking Spaces: 4.00
  • Parking Features: Uncovered, Street
  • Parking Info:Uncovered: Yes
  • Parking Info:Street: Yes
  • Parking Info:Total # Unconvered Spaces: 4.00
Miscellaneous
  • Miscellaneous:# Refrigerators: 4.00
  • Miscellaneous:# Stoves: 4.00
  • Miscellaneous:Parking Spaces: 4.00
Room Info
Room Info
  • Total Bathrooms: .00
  • Bathrooms Total (Decimal): .00
  • Bathrooms Total (Notational): .00
Location Info
Location Info
  • Proximity:Near Bus: Yes
  • Proximity:Near Ocean: Yes
  • Proximity:Near Park(s): Yes
  • Proximity:Near School(s): Yes
  • Proximity:Near Shopping: Yes
  • Lot Features: Near Public Transit
Neighborhood/Schools
  • Elementary School: See Remarks
  • Junior High School: See Remarks
  • High School: See Remarks
  • NeighborhoodSchools:Elementary School: See Remarks
  • NeighborhoodSchools:Junior High School: See Remarks
  • NeighborhoodSchools:High School: See Remarks
Property / Assessor Information
Property / Assessor Info
  • Reports Available:TDS: Yes
  • Foundation Details: Other
  • Lot Size Square Feet: 0.0
  • Lot Size Area: 0.0
  • Lot Size Acres: 0.0
  • Property Type Label: Res Inc
  • New Construction YN: No
  • Foundation:Other: Yes
  • Condition:Excellent: Yes
  • Property Information:Realtor.com Type: Multi-Family
  • Property Information:Year Built: 1967.0
Utility Info
  • Meters:Sep Meter Elec: Y
Income / Expense Info
Income / Expense Info
  • Income/Expenses:Gross Rent Multiplr: 4.21
  • Income/Expenses:Capitalization Rate: 14.6
  • Income/Expenses:Estimated: Yes
  • Income/Expenses:Vac Factor: 15
  • Income/Expenses:Taxes: $767.00
  • Income/Expenses:Insurance: $417
  • Income/Expenses:Licenses: $790.00
  • Income/Expenses:Electric Expense: $425
  • Income/Expenses:Maintenance Expense: $516
  • Income/Expenses:Total Monthly Exp: $5,570
  • Income/Expenses:NOI: 255281
  • Income/Expenses:Annual Income: $415,030
  • Gross Income: $415,030
  • Electric Expense: $425
  • Insurance Expense: $417
  • Licenses Expense: $790
  • Maintenance Expense: $516
Unit Info
Unit Info
  • Number Of Units Total: 4
Unit 1 Info
  • Unit 1:# Units: 1
  • Unit 1:# Bedrooms: 1
  • Unit 1:# Baths: 1
  • Unit 1:# Half Baths: 0
  • Unit 1:Furnished: Y
  • Unit 1:Rent: $2,665.00
  • Unit 1:Monthly Total: $.00
Unit 2 Info
  • Unit 2:# Units: 1
  • Unit 2:# Bedrooms: 1
  • Unit 2:# Baths: 1
  • Unit 2:Furnished: Y
Unit 3 Info
  • Unit 3:# Units: 1
  • Unit 3:# Bedrooms: $1.00
  • Unit 3:# Baths: 1
  • Unit 3:Furnished: Y
Unit 4 Info
  • Unit 4:# Units: 1
  • Unit 4:# Bedrooms: 1
  • Unit 4:# Baths: 1
  • Unit 4:Furnished: Y

Property History for 11 Commodore Marina Loop

DateEvent & SourcePriceAppreciation
Apr 3, 2025

Price Change

Santa Barbara AOR #25-877

$1,747,000
Apr 2, 2025

Price Change

Santa Barbara AOR #25-877

$1,895,000
Feb 27, 2025

Listed (Active)

Santa Barbara AOR #25-877

$1,595,000
DateEvent & SourcePrice
04/03/2025

Price Change

Santa Barbara AOR #25-877

$1,747,000
04/02/2025

Price Change

Santa Barbara AOR #25-877

$1,895,000
02/27/2025

Listed (Active)

Santa Barbara AOR #25-877

$1,595,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 11 Commodore Marina Loop

This home is within Sausalito Marin City School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Private - 6 to 8
Private - K to 12
Rating
School
Distance
Dr. Martin Luther King Jr. Academy
PublicK to 8

Tamalpais High School
Public9 to 12

Real School
Private6 to 8

Oak Hill School
PrivateK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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11 Commodore Marina Loop is a multi-family home for sale in Mill Valley, CA 94941. This property was listed for sale on February 28, 2025 by eXp Realty of Greater Los Angeles, Inc., it's currently listed at $1,747,000. This listing's school district is Sausalito Marin City School District. Nearby schools include Dr. Martin Luther King Jr. Academy, Tamalpais High School and Real School. 11 Commodore Marina Loop is a 4-bed, 4-bath, 1,387 sqft multi-family home built in 1967.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of eXp Realty of Greater Los Angeles, Inc., Robert Warner, DRE #02093031

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.