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Listed by John W Garrett Marcus & Millichap Real Estate Investment Services, Inc.
$ 11,500,000
Est. payment | /mo
9,296 SqFt
$ 11,500,000
Est. payment | /mo
9,296 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 9,296 sqft
Price per Sqft $1,237
MLS Listing ID 326077866
HOA Y/N No
Year Built 1964
Lot Size 0.379 Acres
Acres 0.3788
Property Sub-Type 5 or More Units
Property Description
Strawberry Knoll Apartments consists of 24 apartments across two buildings on adjoining parcels in Mill Valley. The property is located 2.5 blocks from the Strawberry Village shopping center with convenient access to Highway 101 and nearby recreation. 13 units have been renovated to luxury condo-quality condition. The remaining units have some upgraded finishes and are in generally good to excellent condition. The property has been well maintained, with improvements including plumbing upgrades, a remodeled swimming pool, recent exterior paint, and SB721 repairs. The unit mix includes nine spacious two-bedroom apartments and fifteen one-bedroom apartments. Select residences feature in-unit laundry, vaulted ceilings, remodeled kitchens and bathrooms, and private patios or balconies. Common amenities include a landscaped garden courtyard, swimming pool, shared laundry room, and shaded barbecue area for tenant use. This is a generational investment opportunity ideal for a 1031 exchange buyer, or an investor looking to capitalize on the spillover effect created by the robust San Francisco rental market.
Location
State CA
County Marin
Area Mill Valley
Rooms
Basement None
Interior
Heating Central, Heat Pump, Wall Furnace
Cooling Ceiling Fan(s), Central Air, Heat Pump
Laundry Coin Operated, Common Area, Washer/Dryer Leased, Washer/Dryer Owned
Exterior
Carport Spaces 12
Waterfront Description Public
Total Parking Spaces 25
Private Pool No
Building
Lot Description Garden
Sewer Public Sewer
Water Public
Schools
School District Marin
Others
Tax ID 04301121
Special Listing Condition Standard
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