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150 Shoreline Hwy 24 Unit Apartment Building $3,500,000 ($145,833/Unit) Mill Valley, CA 94941
Investment Highlights
- Build up to 46-units on almost 1-Acre of level land with spectacular setting and views
- Three existing buildings bring in about $30,000 per month in revenue while you are getting permits.
- High-Traffic and High Visibility with Freeway Frontage
- 46-UNITS of Affordable Housing = dirt cost of $77,000 per unit for a Prime Location in South Marin County
- The CP zoning allows for RETAIL, FOOD, OFFICES - OR - AFFORDABLE HOUSING
- Northern California - South Marin County - Mill Valley ... Direct access to Hwy-101
Executive Summary
Northern California - Marin County - Mill Valley ... Build up to 46-UNITS of Affordable Housing = dirt cost of $77,000 per unit for a Prime Location in South Marin County ... almost 1-Acre of land to work with - High-Traffic with Freeway Frontage ... CP zoning also allows for Affordable Housing, Homeless Shelters, Retail Stores, Offices and Restaurants ... Three existing buildings bring in about $30,000 per month in revenue while you are getting permits.
Property Facts
| Price | $3,500,000 | Building Class | C |
| Price Per Unit | $145,833 | Lot Size | 0.89 AC |
| Sale Type | Investment | Building Size | 15,000 SF |
| No. Units | 24 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1971 |
| Property Subtype | Apartment | Parking Ratio | 3.33/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | CP, Mill Valley - This is in unincorporated Marin County - the zoning is CP – Planned Commercial ... Allows for RETAIL, FOOD, OFFICES - OR - AFFORDABLE HOUSING | ||
| Price | $3,500,000 |
| Price Per Unit | $145,833 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.89 AC |
| Building Size | 15,000 SF |
| No. Stories | 2 |
| Year Built | 1971 |
| Parking Ratio | 3.33/1,000 SF |
| Zoning | CP, Mill Valley - This is in unincorporated Marin County - the zoning is CP – Planned Commercial ... Allows for RETAIL, FOOD, OFFICES - OR - AFFORDABLE HOUSING |
Amenities
Site Amenities
- Waterfront
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 24 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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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150 Shoreline Hwy