150 Shoreline Hwy
Mill Valley, CA 94941
- – beds
- – baths
- – sqft
- ~3/4 acre lot
- 1971 build
- – on site
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
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated Aug 19, 2024
•
MLS# 41042766 —
The Building
-
Year Built:1971
-
Construction Materials:Wood Siding
-
Total Number Of Units:24
-
Roof:Shingle
Location
-
Directions:Hwy-101 at Hwy-1, Mill Valley Cross Street: Hwy-101 & Hwy-1.
-
Latitude:37.88110700
-
Longitude:-122.51855600
The Property
-
Property Type:Residential Income
-
Lot Features:Level with Street
-
Lot Size Area:37501.0000
-
Lot Size Acres:0.8609
-
Lot Size SqFt:37501.00
Listing Agent
- Contact info:
- No listing contact info available
Taxes
-
Tax Census Tract:045222
The Listing
-
Parcel Number:05237104
Heating & Cooling
-
Heating:1
-
Heating:Wall Furnace
-
Cooling:Yes
-
Cooling:Wall/Window Unit(s)
Parking
-
Parking Spaces:55.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/22/24
Feb 22, 2024
|
Listed / Active | CRMLS_CA | $4,800,000 | |
|
11/19/17
Nov 19, 2017
|
Listed / Active | BAREIS |
