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158-164 E Blithedale Ave 6,000 SF 100% Leased Retail Building Mill Valley, CA 94941 $3,000,000 ($500/SF) 4.30% Cap Rate

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EXECUTIVE SUMMARY

158-160 E. Blithedale Avenue is an extremely rare mixed-use opportunity in downtown Mill Valley. The property consists of 12 total units six apartments and six office/retail suites across three buildings totaling approximately 5,760 SF. With a long history of stable tenancy and a strong mix of residential and commercial uses, this asset combines steady in-place income with significant upside potential through rent growth and modernization. Apartments are tucked away off the street for privacy, while retail and office spaces enjoy excellent street visibility on a high-traffic corridor. The property has been well-maintained with updates to units, dual-pane windows, and modern features. Amenities include covered parking, private decks, in-unit laundry in select apartments, and a communal pergola-shaded picnic area that creates a sense of community. Some units enjoy views of the redwoods and surrounding hillsides. This is a rare chance to own a private-feeling income property in the heart of Mill Valley, combining lifestyle appeal with investment fundamentals.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,000 SF
Building Class
C
Year Built
1950
Price
$3,000,000
Price Per SF
$500
Cap Rate
4.30%
NOI
$129,000
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.74
Lot Size
0.19 AC
Zoning
PA, Mill Valley
Parking
7 Spaces (1.19 Spaces per 1,000 SF Leased)
Frontage
60’ on Blithedale
Walk Score®
Walker's Paradise (92)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Westamerica Bank
Bank of Marin
Citi
U.S. Bank
Peet's Coffee
Whole Foods
Safeway
Starbucks
Jazzercise
Chase Bank

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
028-024-03
Land Assessment
$838,974
Improvements Assessment
$492,877
Total Assessment
$1,331,851
  • Listing ID: 37739511

  • Date on Market: 9/19/2025

  • Last Updated:

  • Address: 158-164 E Blithedale Ave, Mill Valley, CA 94941

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