- Property Type: Multifamily Residential 2-4 Units
- Offer Status: Sold!
- City: Mill Valley
- Units: 4
- Cap Rate: 4.31
- GRM: 16.30
- Building Size: 4,019 ft²
- Lot Size: 8,985 ft²
- Year Built: Unknown
- # of Buildings: 2
- Parking: 4 Carports; 2 Off-Street
Investment Overview
Four Units in Two Separate Buildings with Bay and City Views
This charming vintage four-unit property was built in the early 1900’s and was once used as a hunting lodge. Nestled in the hills of Mill Valley just four blocks to downtown, the property includes two separate buildings on one parcel that abounds with lush greenery, spectacular Bay and City views, and wonderful privacy for its residents.
The upper building (#26B) includes one two bedroom and one bath unit with eat in kitchen, full dining room, adjacent living room with brick fireplace and wonderful views of the City of San Francisco, the bay and bridges. Vintage features include solid mahogany floors in the living/ dining room, wooden box beam ceiling, sun porch adjacent to the living room and a brand-new bamboo deck off the living room. From this unit there is an interior stairway to the lower unit that is currently closed off. It could easily be removed, and the new owner would have a two-story house with an additional bedroom, bathroom and living space below.
In the past, the lower unit (#26A) has been used as a one bedroom/ one bath rental and has a small living room and a full kitchen. Off the living area is a huge deck overlooking the verdant green landscaping.
The lower building is a duplex and includes (#24B) a spacious two bedroom/1.5 bath apartment with hardwood floors and woodburning fireplace in the living/dining room, modern kitchen with upgraded appliances and abundant storage and a small office off the master bedroom. The outdoor space includes a deck off the second bedroom accessed through French doors and a small patio at the kitchen entrance.
The adjacent unit (#24A) includes a living room with hardwood floors, wood stove and built-in bookshelves, spacious bedroom with views of the Bay, upgraded tile bath and light and airy kitchen with marble counter tops, stainless steel stove/oven and direct access to a wooden deck and laundry room below the apartment. Just out the front door is a sheltered patio for entertaining surrounded by shade trees and lush vegetation.
Parking for residents includes a newly rebuilt carport and driveway that accommodates four cars and two one car off street spaces.
This offering should be attractive to an investor looking for special spaces that appeal to residents that seek privacy, easy access to downtown Mill Valley and within commuting distance to San Francisco.The property would also be suitable for families looking for a special place that would accommodate an extended family – a compound to allow several generations to live together and have their own private spaces.
- Wonderful Owner’s Unit
- Walk to Town Location in Boyle Park hills
- Bay & City Views from Each Unit
- Total Privacy for Residents with Decks and Patios
- Off-Street Parking for Six Vehicles
- New Carport & Deck off Living Room of Upper Owner’s Unit
- Prestigious Neighborhood of $2.5M – $4M Homes
- Close to Hiking & Biking Trails
- Two Minutes to Mill Valley Golf Course
- Delivered Vacant with Both Sewer Laterals Completed
- Historic Property that was once a Hunting Lodge