Investment Overview

Marcus & Millichap is excited to bring to market an outstanding multifamily property located at 407 Maple Street, CA. This property presents a rare opportunity to acquire a boutique rental community located in Mill Valley, a charming city located in Marin County, CA. It is nestled at the base of Mount Tamalpais and is less than a mile from the Tamalpais Valley Junction on Highway 1. This offers residents convenient access to grocery, dining, retail and outdoor recreation. 407 Maple Street has been well-maintained and adequately managed by the current ownership. Situated in the charming and low-density neighborhood of Tamalpais Valley, this location is highly walkable, with parks, shopping, public transit, and top-rated public schools. 407 Maple offers investors and residents an easily accessible location, a tight-kit community, and a location that will benefit new investors with consistent cash flow and asset appreciation for many years to come. This property sits on an ample 7,750 square-foot lot with a net retable square footage of 2,834 (per county assessor). Built in 1967, the property is comprised of a mix of recently renovated studio and one-bedroom floor plans with plenty of tuck under and street parking. The unit mix consists of five (5) studios and one (1) one-bedroom/one-bathroom unit. Marin County’s geography and the Pacific Ocean’s cooler temperatures makes Mill Valley a classic sunny California city. Mill Valley is an exclusive community known for its appeal to residential community, and boasts some of the top-rate public schools in the state. This city’s vibrant location offers residents, visitors, and businesses a unique retail, entertainment, employment, and most importantly, living experience.