190 Throckmorton Ave
Mill Valley, CA 94941
Multifamily Property For Sale · 6 Units

Marcus & Millichap has been selected to exclusively market for sale 190 Throckmorton Avenue, Mill Valley, CA. This is a rare opportunity for an investor to own an excellent, well-maintained six-unit multifamily property in one of Marin County’s strongest rental markets. This investment offers Mill Valleys best location, a well-maintained property and significant upside potential. 190 Throckmorton Avenue is located in downtown Mill Valley and is a short walk to the quaint town square and the other amenities of the downtown shopping district. The property consists of three, two-story building situated around a sunny center courtyard. There are six one-bedroom/one-bath units, with three of the units offering an additional sleeping loft. Each unit is separately metered for P.G.E. and each unit has a furnace in the unit for central heat and air-conditioning. The property has upgraded electrical and plumbing systems and has been externally upgraded. In addition, the windows have been replaced throughout the property, all combining to lower ongoing maintenance costs for the property. The subject property is located on an 8,407-square foot lot, with six covered parking spaces, with an additional three car off-street parking. There is a laundry room that all tenants have access to. Four of the units have been completely remodeled over the past two years, while all units and common areas have been upgraded over the past several years. All units have working fireplaces and outdoor yards, patios or decks. Mill Valley provides a wonderful small-town environment, which is extremely family friendly, has great weather year-round, a fantastic selection of public and private schools, many outdoor activities to choose from, great restaurants, is close to a major urban center with a diverse economy and broad selection of corporate and non-corporate jobs. The downtown location offers the most sought-after retail and office space within Marin County. Multifamily investment opportunities of this size, location and quality are rarely offered in Southern Marin. As such, this property offers investors a compelling investment opportunity in the most desirable neighborhood in the Mill Valley market.