Located in the heart of vibrant Downtown Mill Valley, this unique fourplex hasn't been on the market in over 60-years! The building offers four charming 1-bedroom, 1-bathroom units. The wraparound decks provide serene views of the surrounding trees and lively Downtown scene. With designated parking for residents and just steps away from The Mill Valley Square, this property offers unparalleled access to iconic local spots like The Sweetwater Music Hall, Equator Coffee, Mill Valley Market, The Depot, and a variety of top-tier restaurants. Seize this rare opportunity to own a prime property in Downtown Mill Valley!
Pride of Ownership!! Exceptional duplex in the Heart of Mill Valley. It's rare to find an investment property with this level of attention to detail. Attentive owners have taken meticulous care in the maintenance of this building to the benefit of the new owner and tenants. Located just a few blocks from central downtown, at 300 Miller Ave., an ideal spot to zip to the freeway, head to the beach, or downtown for dinner and music. Each unit is unique and individual with its own flare. Contemporary in design with wood-shingle siding, the units are off-centered with only partial connection. Beautiful natural light, quality finishes throughout and a real sense of single-family living. Well maintained from top to bottom with dual pane windows, newer roofs, brand new kitchens and appliances, upgraded electrical in kitchens and subpanels, etc. Large living spaces with wood beam ceilings, each unit has a fireplace in the living rm with adjacent dining. Two spacious bedrooms with hardwood flrs, one bedroom has an additional office or nursery attached. The two bathrooms have been updated. Attached decks, newly refinished hardwd flrs, fresh interior paint add to the move-in ready appeal. Plenty of storage, laundry room, carport parking, Great for long-term investment or owner user.
The property is a deluxe rental community located in Mill Valley, an exclusive Bay Area enclave known for its affluence, excellent commutability, and breathtaking views of the Marin hills. This community comprises two adjacent three-story buildings on separate parcels, providing a total of 14 upscale residential units. The unit mix includes twelve spacious two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. In 2018, the properties underwent significant upgrades, including exterior painting, new roofs, and balconies, along with the installation of double-pane windows and sliders. The buildings have also been seismically retrofitted in anticipation of the Mill Valley soft-story ordinance, providing added safety and peace for a new owner. Mill Valley is a competitive rental market, often preferred by highly paid San Francisco employees who can work remotely and appreciate the area's high quality of life. The lack of significant new housing stock in southern Marin County further ensures that rents and property values will continue to appreciate. This presents a rare opportunity to acquire a turnkey property with strong, long-term cash flow and minimal maintenance in one of Northern California's most desirable sub-markets.
Surrender to the rhythm of nature in the commuter's dream of Tamalpais Homestead Valley in Marin County! Sitting on almost a half-acre with views of the tip of Mt. Tam from every north facing window, this architectural zenscape offers a myriad of possibilities whether it's communal living you're after or a vacation rental next door. Relax amongst lush foliage on oasis like grounds with two houses on the property. Main house is 4br/3.5ba with semi-private entrance leading into what could be a teen room with en-suite bathroom. Around the corner a stairwell leads to a spacious sun-soaked, refinished open concept living room with fireplace and Tuscan like kitchen boasting cherry wood floors and new carpet. Bring the outdoors in with floor to ceiling windows framing a canvas of greenery and high ceilings. Sleep in a resort suite every night in the luxe primary bedroom with huge walk in closet and large primary bathroom offering granite countertops, soaking tub and shower with bench. Work from home? Just walk to the other unit on the property supplying two rooms, a bathroom and large 3 car garage. With a separate entryway upstairs, you also get a 1,139 SF. 2br/1ba home with fireplace, views of nature from every window and upper/lower yard-making this the perfect escape!
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
The median home value in Mill Valley, CA is $2,055,000. This is higher than the county median home value of $1,402,900. The national median home value is $338,100. The average price of homes sold in Mill Valley, CA is $2,055,000. Approximately 58.4% of Mill Valley homes are owned, compared to 29.79% rented, while 11.81% are vacant. Mill Valley real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Mill Valley real estate agent to arrange a tour today!
Mill Valley, California has a population of 14,240. Mill Valley is more family-centric than the surrounding county with 35.19% of the households containing married families with children. The county average for households married with children is 33.06%.
The median household income in Mill Valley, California is $179,529. The median household income for the surrounding county is $131,008 compared to the national median of $69,021. The median age of people living in Mill Valley is 47.9 years.
The average high temperature in July is 76.5 degrees, with an average low temperature in January of 42.9 degrees. The average rainfall is approximately 40.6 inches per year, with 0 inches of snow per year.