5 Units 219 E Blithedale Ave 5 Unit Apartment Building $2,500,000 ($500,000/Unit) 4.52% Cap Rate Mill Valley, CA 94941

219 E Blithedale is a rare Mill Valley mixed-use opportunity just blocks from downtown, offering prime location, modern construction, and multiple income streams.
Two street-front retail spaces with excellent exposure; one is vacant and ideal for an owner-user.
Two 2-bedroom apartments above, in a high-demand rental market.
Standalone 3BR/2BA townhouse at the rear with separate covered parking.
Exempt from Mill Valley “soft story” and State deck inspection laws.
Separately metered PG&E for all units.
Washer/Dryer hookups in each apartment.
Near-market rents with upside through future increases.
219 E Blithedale is a true pride of ownership building just blocks from downtown Mill Valley. Built in 1995, these are the original family owners and the first time on the market for sale. There are two buildings – one in front with two office/retail spaces and two large 2BR apartments above. Apartments and the retail spaces each have their own covered parking and additional storage areas. The apartments feature high ceilings, a large 7.5’ x 19’ deck, and interior washer and dryer hookups. There is a dining area off the kitchen. The kitchen includes a dishwasher. The building has dual pane windows and is fully fire sprinklered. The second building to the rear of the property is a standalone 3BR/2BA townhouse unit with three carport spaces, a living room fireplace and interior washer and dryer hookups. There is an oversized primary bedroom and bath or family room on the first level. There are two additional bedrooms and a bath on the second level. Tall 9’ ceilings.
With its superior condition and location, this asset is poised to attract strong interest.