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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
MILL VALLEY, Marin County, CA - Super-BARGAIN Property For-Sale … 3-Buildings, total 15,000 Sq Ft, 37,501 Sq Ft Lot, PRIME location with 230-feet of FRONTAGE along Hwy-1/Shoreline Highway ... 100’s of Potential Uses – the CP ZONING Allows For MANY Different Uses ... 24-HOUR ANIMAL HOSPITAL, Office Space, DOCTORS OFFICES, Restaurants, STARBUCKS, YOUTH HOSTEL, Homeless Shelter, AFFORDABLE HOUSING, Live-Work Apartments (business on the lower level and apartment upstairs), CHURCH , Child-Care Center, PRE-SCHOOL, Private School ... current Tenants can bring in $300,000 to $400,000 per year while you are getting permits
Property Facts
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 | $950,266 |
| Land Assessment | $400,112 | Total Assessment | $1,350,378 |
Property Taxes
Parcel Number
052-371-04
Land Assessment
$400,112
Improvements Assessment
$950,266
Total Assessment
$1,350,378
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150 Shoreline Hwy