Nestled in a sunny grouping of redwoods and palms trees, this triplex is not to be missed. The well-maintained property offers a detached home, plus 2 English-style townhomes and 2 studios. The location of this Mill Valley property is ideal, with public transportation and Hwy 101 nearby. The remodeled one-story vintage residence has 3BR/2Baths, FP, one car garage and private fenced yard, and would be a nice home to live in, with the rental income to offset the cost of ownership. Built in 1992, each upgraded townhome has 2BR/1.5 Baths, FP, in-unit laundry, and 2 Car parking, plus a separate lower-level studio with 2 Rooms/Bath for a home office/guest suite. Application has been submitted to create a legal ADU with one of the studios, with the second ADU by the new owner. An investment in this high-rent marketplace allows the investor the opportunity to bring low rents to market rent and increase future cash flow, while adding potential income with the creation of 2 legal ADU units.
- Price:
- $3,500,000
- Square Footage:
- 4,429
- Acreage:
- 0.22
- Listing ID #:
- 322045982
- Street Address:
- 164 Almonte Blvd
- City:
- Mill Valley
- State:
- California
- Postal Code:
- 94941
- County:
- Marin
- Community:
- Mill Valley
- Listing Status:
- Active
- Listing Type:
- Residential Income
School District: Mill Valley
- Architecture Style:
- English, Traditional
- Building Condition:
- Updated/Remodeled
- Building Security:
- Carbon Mon Detector, Fire Alarm, Smoke Detector
- Exterior Features:
- Fenced Yard, Yard Space
- Flooring:
- Carpet, Marble, Simulated Wood, Varies By Unit, Wood
- Interior Features:
- Storage Area(s)
- Number Of Units:
- 3
- Total # Of Buildings:
- 2
- Total Building Square Footage:
- 4429
- Unit1 Bedrooms:
- 3
- Unit1 Features:
- Remodeled Kitchen And Baths, Vintage Millwork, Private Fenced Yard, Decks, Garage. Below Market Rent
- Unit1 Full Bathrooms:
- 2
- Unit1 Total Rooms:
- 6
- Unit2 Bedrooms:
- 2
- Unit2 Features:
- Upgraded, Private Deck, In-Unit Laundry, 2 Car Parking, Includes Studio/Bath.
- Unit2 Full Bathrooms:
- 2
- Unit2 Half Bathrooms:
- 1
- Unit2 Total Rooms:
- 6
- Unit3 Bedrooms:
- 2
- Unit3 Features:
- Upgraded, Deck, In-Unit Laundry, Includes Studio/Bath. Long Term Tenant - Below Market Rent
- Unit3 Full Bathrooms:
- 2
- Unit3 Half Bathrooms:
- 1
- Unit3 Total Rooms:
- 6
- Year Built Description:
- Against Co. Policy
- Gross Income:
- 188400
- Approximate Lot Size Range Source:
- Assessor Auto-Fill
- Lot Features:
- Private
- Lot Measurement Type:
- Acres
- Lot Square Footage:
- 9374
- On Market Date:
- 2022-05-23
- Originating Mls:
- Bareis Mls
- Price Per Acre:
- 16263940.52
- Price Per Square Foot:
- 790.25
- Laundry Description:
- In Each Unit
- Garage Parking Spaces:
- 1
- Parking Description:
- Garage, Guest Parking Available, Off Street
- Parking Spaces:
- 8
- Appliances:
- Dishwasher, Disposal, Free Standing Gas Oven, Free Standing Gas Range, Free Standing Refrigerator, Gas Cook Top, Gas Water Heater, Insulated Water Heater, Microwave
- Existing Water:
- Public
- Heating:
- Central, Gas
- Sewage Type:
- Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Courtesy of MJ Roney with Golden Gate Sotheby's International Realty
-
Copyright 2022, Bay Area Real Estate Information Services, Inc. All Rights Reserved.
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