150 Shoreline Hwy

Mill Valley, CA 94941

  • 0 Bed(s)
  • 0 Bath(s)
  • 0 Sqft
  • 37501
    Sqft(Lot)
$4,800,000

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 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

  • Property Type

    Residential Income

  • County

    Marin

  • Style

    Residential Income

  • AD ID

    45828995

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Interior Features

    • Roof : Shingle

    Cooling Features

    • Wall/Window Unit(s)
    • Air Conditioning

    Heating Source

    • Wall Furnace
    • Has Heating

  • Building Information

    • Year Built: 1971
    • Construction: Wood Siding
    • Roof: Shingle

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.8609
    • Lot Size Source: Vendor Enhanced
    • Lot Size Square Feet: 37501

  • Listing Price Information

    • Original List Price: 4,800,000
    • Listing Contract Date: 2023-10-24

    Lease Information

  • Tax Information

    • Parcel Number: 05237104

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood:
    • Directions: Hwy-101 at Hwy-1, Mill Valley Cross Street: Hwy-101 & Hwy-1.
    • Source Property Type: Residential Income

    Building and Construction

    • Property Age: 53
    • Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 11/21/2024 @ 12:51

  • MLS: 41042766
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 0 sqft, 37,501 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Mill Valley , in zip code 94941, this Marin County Home are nearby neighborhoods.