150 Shoreline Hwy Mill Valley, CA 94941
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
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyMarin
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site222 Days
- MLS StatusActive
- MLS ID Number41042766
- Home Size Source N/A
- Year Built1971
- Lot Size0.8609 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction Wood Siding
- Parking Spaces 55
- Acreage 0.8609
Interior Features
- Cooling Wall Window Units
- Heating Wall Furnace
Exterior Features
- Roof Shingle
- Lot Street Level
Community Features
- Association Dues 0