401 Ash St | Mill Valley, CA 94941
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401 Ash St
Mill Valley, CA 94941
Rare, 10-Unit Mill Valley Apartment Building · Multifamily Property For Sale
·
10 Units
INVESTMENT HIGHLIGHTS
- HIGH BARRIER TO ENTRY MARKET WITH SURROUNDING HOME VALUES AVERAGING $1,885,000
- POTENTIAL FOR OVER 53% INCREASE IN NET OPERATING INCOME
- SEPARATE WATER, GAS AND ELECTRIC METERS ALLOW FOR MINIMIZED EXPENSE RESPONSIBILITY
- POTENTIAL FOR OVER 23% INCREASE IN RENTAL REVENUE
- POSSIBILITY OF ADDING A DETACHED ACCESSORY DWELLING UNIT AND JUNIOR ACCESSORY DWELLING UNIT (ADUs) IN THE REAR PARKING LOT
PROPERTY FACTS
| No. Units | 10 | Building Size | 6,476 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1960 |
| Building Class | C | Parking Ratio | 2.32/1,000 SF |
| Lot Size | 0.25 AC |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 6,476 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 2.32/1,000 SF |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Disposal
- Washer/Dryer
- Heating
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Granite Countertops
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Yard
- Double Pane Windows
- Freezer
- Linen Closet
- Pantry
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | - | 411 |
| 2+1 | 6 | - | 819 |
PROPERTY TAXES
| Parcel Number | 050-242-23 | Improvements Assessment | $2,794,637 |
| Land Assessment | $1,654,197 | Total Assessment | $4,448,834 |
PROPERTY TAXES
Parcel Number
050-242-23
Land Assessment
$1,654,197
Improvements Assessment
$2,794,637
Total Assessment
$4,448,834
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