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Multifamily

407 Maple Street

407 Maple Street, Mill Valley, CA 94941

Listing Price: $2,100,000

Cap Rate
4.33%
Number of Units
6
Occupancy
97.0%
Price/Unit
$350,000
Price/Gross SF
$724.14
Gross SF
2,900

Investment Overview

407 Maple Street is a rare offering of a Mill Valley multifamily property that is almost entirely vacant, but with updated units. Four of the studio units and the one-bedroom unit can be delivered vacant providing a new owner the unique opportunity to completely re-position the majority of the property through new tenant selection and additional unit upgrades, if desired. Opportunities like this are unheard of in Southern Marin. Once full market rents are in place, 407 Maple Street should be expected to provide very strong cash flow and appreciation due to its location in one of the Bay Area’s most desirable communities.

Investment Highlights

  • Excellent location in one of the Bay Area's most exclusive communities.
  • Four vacant units remodeled with high quality finishes are ready for a new owner to select residents.
  • Walking distance to neighborhood shopping center anchored by Good Earth Natural Foods.
  • Close to Tennessee Valley, Stinson Beach, Muir Woods, and Mt. Tam recreation areas.
  • Four minutes to Hwy 101 for convenient commute to San Francisco.
  • Property benefits from updated main electrical service and subpanels.

Exclusively Listed By

Listing Price: $2,100,000

Cap Rate
4.33%
Number of Units
6
Occupancy
97.0%
Price/Unit
$350,000
Price/Gross SF
$724.14
Gross SF
2,900

Investment Highlights

  • Excellent location in one of the Bay Area's most exclusive communities.
  • Four vacant units remodeled with high quality finishes are ready for a new owner to select residents.
  • Walking distance to neighborhood shopping center anchored by Good Earth Natural Foods.
  • Close to Tennessee Valley, Stinson Beach, Muir Woods, and Mt. Tam recreation areas.
  • Four minutes to Hwy 101 for convenient commute to San Francisco.
  • Property benefits from updated main electrical service and subpanels.

Investment Overview

407 Maple Street is a rare offering of a Mill Valley multifamily property that is almost entirely vacant, but with updated units. Four of the studio units and the one-bedroom unit can be delivered vacant providing a new owner the unique opportunity to completely re-position the majority of the property through new tenant selection and additional unit upgrades, if desired. Opportunities like this are unheard of in Southern Marin. Once full market rents are in place, 407 Maple Street should be expected to provide very strong cash flow and appreciation due to its location in one of the Bay Area’s most desirable communities.

Exclusively Listed By

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