150 Shoreline Hwy Mill Valley Ca

Mill Valley, CA 94941

$4,800,000
Price
Beds
15,148 Sq. Ft.
$317 / Sq. Ft.
15,148
Sq. Ft.
$317
per Sq. Ft.

Description

3-Buildings 24 or 48-Units 15,148 Square Feet Total First-Time on the Market in 50-Years LOTS of Potential Uses INVESTORS ... good cash-flow and 5% Cap-Rates with the current Tenants INVESTORS #2 ... 10% Cap-Rates by converting back to market-rate housing INVESTORS #3 ... Convert to affordable condos to sell individually or make into live/work spaces ... over $3-million upside potential YMBY (YES in My Backyard) ... Non-Profit Groups - convert to housing for Disabled Veterans, or other vital programs...3-Buildings 24 or 48-Units 15,148 Square Feet Total First-Time on the Market in 50-Years LOTS of Potential Uses INVESTORS ... good cash-flow and 5% Cap-Rates with the current Tenants INVESTORS #2 ... 10% Cap-Rates by converting back to market-rate housing INVESTORS #3 ... Convert to affordable condos to sell individually or make into live/work spaces ... over $3-million upside potential YMBY (YES in My Backyard) ... Non-Profit Groups - convert to housing for Disabled Veterans, or other vital programs YMBY #2 ... Potential to double the number of units to 48 studio apartments ... upstairs units can be adapted to have separate entrances ... see the Matterport Tour for a sample of an upstairs studio COMPANY HEADQUARTERS ... High-Visibility Location, excellent parking, campus-like setting and immediate access to Highway-101 make this an interesting option. A FEW NUMBERS : $100,000 or $200,000 per unit 24-units (1-bedroom) or 48-units (studio apartments) Possibly build more units 3 buildings - about 5,000 square feet per building The asking price is $318 per square foot, which is way below what it would cost to build in today's market OK to drive around the buildings - but, please DO NOT ENTER BUILDINGS or DISTURB TENANTS
  1. Listed by Kevin Obrien • DRE #01385083 • Re/Max Accord

Property Details for 150 Shoreline Hwy Mill Valley Ca

City
MILL VALLEY
Building Type
Garden Apts
Property Sub Type
Garden Apts
Garage/Parking
Parking Area
Total # Parking Spaces
55

Location

Listing Courtesy of Re/Max Accord, Kevin Obrien, DRE #01385083
Add your commute
LISTING UPDATED: 02/22/2024 04:01 PM

Property Details for 150 Shoreline Hwy Mill Valley Ca

StatusActive
MLS #41042766
Days on Compass239
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS Type5+ Units / Five or More Units
Year Built1971
CountyMarin County

Location

Listing Courtesy of Re/Max Accord, Kevin Obrien, DRE #01385083
Add your commute

Virtual Tour

Building Information for 150 Shoreline Hwy Mill Valley Ca

Building/Complex150 Shoreline Hwy Mill Valley CswyFloor-Stories-Residences24Pet Policy-Year Built1971Building Size-

Payment Calculator

$27,364 per month

30 year fixed, 7.25% Interest

Principal and Interest

$26,196

Property Taxes

$1,168

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 150 Shoreline Hwy Mill Valley Ca

Features
Feature Details
  • Flooring: Carpet
Utility Details
  • Cooling: Window/Wall Unit(s)
  • Heating: Wall Furnace
  • Water/Sewer: Sewer System - Public, Water - Public
Lot / Property Details
Home Owners Association
  • HOA Amenities: Garden / Greenbelt / Trails
Property Details
  • Additional Equipment: Carbon Mon Detector, Smoke Detector
  • Exterior: Wood Siding
  • Lot Description: Level, Premium Lot, Waterfront
  • Lot Sq Ft Apx: 37501
  • Lot Size Square Feet: 37501.0
  • Roof: Composition Shingles
  • Sq Ft Apx: 15148
  • Year Built: 1971
Location Details
  • Directions to Property: Hwy-101 at Hwy-1, Mill Valley
  • FIPS Code: 06041
  • Census Tract: 045222
  • Parcel Number: 052-371-04
  • Printed Neighborhood Rpt: Yes
  • Board ID: BAY EAST
Multi Family Information
General Details
  • Units Total: 24
  • Basement: None
  • Tenant Pays: Cable TV, Electric, Gas
  • Financial Data Source: Estimated, Owner
Multi Family 5+ Information
Building Details
  • Additional Features-Misc: Balcony/Patio, Greenbelt
  • Apx Lot Acres: 1
  • On Site Parking Description: Parking Area, Uncovered Park Spaces 2+
Other Financial Information
  • Existing Loan: None
  • Ocpnt Req 24 Hr: No
Additional Information
Additional Information
  • Fireplace: No

Property History for 150 Shoreline Hwy Mill Valley Ca

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 150 Shoreline Hwy Mill Valley Ca

Taxable ValueLand$1,155,150Additions-Total$1,155,150
Tax Record2023$14,012 ($1,168 / month)
Home Facts
Lot Size25,558 SqFtStyleCommercialCountyMARINAPN052-371-03

Schools near 150 Shoreline Hwy Mill Valley Ca

This home is within Tamalpais Union High School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 9 to 12
Public - 10 to 12
Public - 9 to 12
Rating
School
Distance
Dr. Martin Luther King Jr. Academy
PublicK to 8

Tamalpais High School
Public9 to 12

San Andreas High (Continuation) School
Public10 to 12

Tamiscal High (Alternative) School
Public9 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.

Similar Homes

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150 Shoreline Hwy Mill Valley Ca is a multi-family home for sale in Mill Valley, CA 94941. This property was listed for sale on October 24, 2023 by Re/Max Accord, it's currently listed at $4,800,000. It has been on the market for a total of 239 days and was last sold on April 17, 2024. This listing's school districts are Tamalpais Union High School District, Sausalito Marin City School District. Nearby schools include Dr. Martin Luther King Jr. Academy, Tamalpais High School and San Andreas High (Continuation) School. 150 Shoreline Hwy Mill Valley Ca is a 0-bed, 0-bath, 15,148 sqft multi-family home built in 1971.

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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Re/Max Accord, Kevin Obrien, DRE #01385083

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.