Pineridge 396 Pine Hill Rd 38 Unit Apartment Building $14,000,000 ($368,421/Unit) 5.37% Cap Rate Mill Valley, CA 94941

Jones Lang LaSalle America’s Inc. (“JLL”), is pleased to present the exclusive listing of Pineridge Apartments (the “Property”), a boutique, value-add multifamily asset located in Mill Valley, California. The Property offers a unique investment opportunity in a highly desirable, supply-constrained market poised for outsized rent growth.
The Property contains 38 units and is comprised of one and two bedroom units. The living spaces at Pineridge offer a well maintained, spacious feel, in a quiet suburban community. The asset has undergone interior and exterior improvements, with 100% of the units having been renovated. Each renovated unit features all new flooring and counter tops, stainless steel appliances, and fully-renovated bathrooms.
Situated in Mill Valley, a picturesque city in Marin County just north of San Francisco, this asset sits in a prime location known for its natural beauty, vibrant community, and excellent quality of life. With its convenient proximity to the city and breathtaking scenery, Mill Valley has long been a sought-after residential destination offering residents a quiet abode, with direct access to the largest employment hubs in the Bay Area.
Investors will appreciate the attractive market dynamics of Mill Valley, which has seen consistent demand for housing and limited supply. This asset offers the chance to enter an under-supplied market that has demonstrated resilience even during challenging times like the recent pandemic.
With its ideal location, proximity to amenities, and potential for value appreciation, this 38-unit multifamily asset in Mill Valley presents a rare investment opportunity for investors looking to capitalize on the ongoing demand for quality housing in a prime Bay Area location.