The median home value in Mill Valley, CA is $2,077,000.
This is
higher than
the county median home value of $1,321,500.
The national median home value is $308,980.
The average price of homes sold in Mill Valley, CA is $2,077,000.
Approximately 60% of Mill Valley homes are owned,
compared to 33% rented, while
8% are vacant.
Mill Valley real estate listings include condos, townhomes, and single family homes for sale.
Commercial properties are also available.
If you like to see a property, contact Mill Valley real estate agent to arrange a tour today! Learn more about Mill Valley.
407 Maple Street presents a rare opportunity to acquire a boutique rental community located in Mill Valley, a charming city located in Marin County, CA. This property sits on an ample 7,750 square-foot lot with a net retable square footage of 2,834 (per county assessor). Built in 1967, the property is comprised of a mix of recently renovated studio and one-bedroom floor plans with plenty of tuck under and street parking. The unit mix consists of five (5) studios and one (1) one-bedroom/one-bathroom unit. Assumable financing with Chase Bank at 3.13% for 3 years.
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
