150 Shoreline Hwy Mill Valley Ca
$4,800,000
—
15,148
15,148
$317
Virtual Tour
Description
3-Buildings 24 or 48-Units 15,148 Square Feet Total First-Time on the Market in 50-Years LOTS of Potential Uses INVESTORS ... good cash-flow and 5% Cap-Rates with the current Tenants INVESTORS #2 ... 10% Cap-Rates by converting back to market-rate housing INVESTORS #3 ... Convert to affordable condos to sell individually or make into live/work spaces ... over $3-million upside potential YMBY (YES in My Backyard) ... Non-Profit Groups - convert to housing for Disabled Veterans, or other vital programs...3-Buildings 24 or 48-Units 15,148 Square Feet Total First-Time on the Market in 50-Years LOTS of Potential Uses INVESTORS ... good cash-flow and 5% Cap-Rates with the current Tenants INVESTORS #2 ... 10% Cap-Rates by converting back to market-rate housing INVESTORS #3 ... Convert to affordable condos to sell individually or make into live/work spaces ... over $3-million upside potential YMBY (YES in My Backyard) ... Non-Profit Groups - convert to housing for Disabled Veterans, or other vital programs YMBY #2 ... Potential to double the number of units to 48 studio apartments ... upstairs units can be adapted to have separate entrances ... see the Matterport Tour for a sample of an upstairs studio COMPANY HEADQUARTERS ... High-Visibility Location, excellent parking, campus-like setting and immediate access to Highway-101 make this an interesting option. A FEW NUMBERS : $100,000 or $200,000 per unit 24-units (1-bedroom) or 48-units (studio apartments) Possibly build more units 3 buildings - about 5,000 square feet per building The asking price is $318 per square foot, which is way below what it would cost to build in today's market OK to drive around the buildings - but, please DO NOT ENTER BUILDINGS or DISTURB TENANTS
- Listed by Kevin Obrien • DRE #01385083 • Re/Max Accord
Property Details for 150 Shoreline Hwy Mill Valley Ca
City
MILL VALLEY
Building TypeGarden Apts
Property Sub TypeGarden Apts
Garage/ParkingParking Area
Total # Parking Spaces55
LISTING UPDATED: 08/19/2024 10:35 AM
Property Details for 150 Shoreline Hwy Mill Valley Ca
Status | Active |
---|---|
MLS # | 41042766 |
Days on Compass | 424 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | 5+ Units / Five or More Units |
Year Built | 1971 |
County | Marin County |
Virtual Tour
Building Information for 150 Shoreline Hwy Mill Valley Ca
Building/Complex150 Shoreline Hwy Mill Valley CswyFloor-Stories-Residences24Pet Policy-Year Built1971Building Size-
Property Information for 150 Shoreline Hwy Mill Valley Ca
Property History for 150 Shoreline Hwy Mill Valley Ca
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 150 Shoreline Hwy Mill Valley Ca
Taxable ValueLand$384,576Additions$913,368Total$1,297,944
Tax Record2024$25,799 ($2,150 / month)
Home Facts
Total Finished SqFt15,148 SqFtAbove Grade Finished SqFt15,148 SqFtLot Size37,501 SqFtStyleMiscellaneous CommercialYear Built1971CountyMARINAPN052-371-04
Schools near 150 Shoreline Hwy Mill Valley Ca
This home is within Tamalpais Union High School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 8 | |||
Public - | 9 to 12 | |||
Public - | 10 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Dr. Martin Luther King Jr. Academy PublicK to 8 | ||
Tamalpais High School Public9 to 12 | ||
San Andreas High (Continuation) School Public10 to 12 | ||
Tamiscal High (Alternative) School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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