Property Details
About this Property
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
MLS Listing Information
MLS #
BE41042766
MLS Source
Bay East
Days on Site
394
Interior Features
Flooring
Carpet - Wall to Wall
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Composition
Parking, School, and Other Information
Garage/Parking
Parking Area, Garage: Car(s)
Sewer
Public Sewer
Water
Public
Complex Amenities
Garden / Greenbelt/ Trails
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
150 Shoreline Hwy is a Residential Income in Mill Valley, CA 94941. This 15,148 square foot property sits on a 0.86 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,800,000 and was built in 1971. This address can also be written as 150 Shoreline Hwy, Mill Valley, CA 94941.
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This listing information is up-to-date as of August 19, 2024. For the most current information, please contact Kevin Obrien, (925) 595-0422
