- Property Type: Multifamily Residential 2-4 Units
- Offer Status: Sold!
- City: Mill Valley
- Units: 4
- Stories: 3
- Cap Rate: 3.90
- GRM: 16.99
- Building Size: 4,082 ft²
- Lot Size: 10,497 ft²
- Year Built: 1959
- Price/SF: $612
- # of Buildings: 1
- # of Stories: 3
- Parking: Tuck-under (6); Open (1)
- Roof: Composite
- Foundation: Concrete Slab
- Exterior: Wood Siding/Stucco
- Framing: Wood
- HVAC: Forced Air
- Wiring: Circuit Breakers
- Laundry: Shared (with adjacent building); Coin-Op
- Utilities (Tenants): PG&E
- Utilities (Owner): Water, Sewer, Trash, PG&E
- Parcel Number: 048-134-38
Investment Overview
Pride of Ownership Mid-Century Modern 4-Plex
The property, built in 1959, is a 4,082 square foot 3-story structure with parking tucked under the two levels above. Situated on a 10,497 square foot lot, the building has panoramic views of the nearby hills from the front decks off the living rooms. At the rear is a verdant hillside with a secondary deck off the dining area. Large glass windows run the length of the oversized living room and extend into the front bedroom. All decks are accessed by sliders and create an expansive living space that adds to the spacious feeling of the 1,000 square foot apartments. All decks were replaced in 2019.
The Mid-Century architectural features in the living room include wood beamed ceilings, tiled kitchen and dining area flooring and round globe lighting fixtures popular in that era. At one end of the living area is a built up brick wood burning fireplace that adds to the charm. Two bedrooms with ample closet space and a tiled shower over tub complete the attractive light and airy apartment.
The exterior includes a glass enclosed entry way for privacy that leads to the stairway up to apartment entrances. Six covered parking spaces and one open space are available to the residents. At the rear of the carport are several walk-in storage units for residents. A shared coin operated laundry facility is available to tenants in the building next door.