150 Shoreline Hwy | Mill Valley, CA 94941
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- LoopNet Team
150 Shoreline Hwy
Mill Valley, CA 94941
Multifamily Property For Sale
·
24 Units
Investment Highlights
- INVESTORS ... good cash-flow and 5% Cap-Rates with the current Tenants
- INVESTORS #3 ... Convert to affordable condos to sell individually or make into live/work spaces ... over $3-million upside potential
- YMBY #2 ... Potential to double the number of units to 48 studio apartments ... upstairs units can be adapted to have separate entrances
- INVESTORS #2 ... 10% Cap-Rates by converting to market-rate housing
- YMBY (YES in My Backyard) ... Non-Profit Groups - convert to housing for Disabled Veterans, Battered Women's Shelter, Teacher's Village, Clean-and-Sob
- CHURCH, SCHOOL or COMPANY HEADQUARTERS ... High-Visibility Location, excellent parking, campus-like setting and immediate access to Highway-101
Property Facts
| No. Units | 24 | Lot Size | 0.89 AC |
| Property Type | Multifamily | Building Size | 19,498 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1971/2023 |
| Building Class | C | Parking Ratio | 3.3/1,000 SF |
| Zoning | CP, Mill Valley - This is in unincorporated Marin County - the zoning is CP – Planned Commercial ... Affordable Housing and Homeless Shelters are permitted uses | ||
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 19,498 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1971/2023 |
| Parking Ratio | 3.3/1,000 SF |
| Zoning | CP, Mill Valley - This is in unincorporated Marin County - the zoning is CP – Planned Commercial ... Affordable Housing and Homeless Shelters are permitted uses |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | - |
Property Taxes
| Parcel Number | 052-371-04 | Improvements Assessment | $931,634 |
| Land Assessment | $392,267 | Total Assessment | $1,323,901 |
Property Taxes
Parcel Number
052-371-04
Land Assessment
$392,267
Improvements Assessment
$931,634
Total Assessment
$1,323,901
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