150 Shoreline Hwy
Mill Valley, CA 94941
0.86 acres | #41042766
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 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 Details
- Property SubtypeResidentialIncome
- Date ClosedJune 22, 2025
- Property TypeMulti-Family
- Lot DescriptionStreetLevel
- Original List Price$4,800,000
- MLS #41042766
- MLS #41042766
- Cost4800000
- Acres0.8609
- CountyMarin
- Year Built1971
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kevin Obrien (#CCBE-159510306BE)
Listing Office: Re/Max Accord (#CCBE-SJGS03)
Listing Courtesy (Buyer)
Buyer's Agent: Kevin Obrien (#CCBE-159510306BE)
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