Active
2-10 Shelley Dr
Mill Valley CA, 94941
$8,249,000
$709.04 per sqft
Active
2 Baths
11,634 sqft
Residential
Built in 1959
The property is a deluxe rental community located in Mill Valley, an exclusive Bay Area enclave known for its affluence, excellent commutability, and breathtaking views of the Marin hills. This community comprises two adjacent three-story buildings on separate parcels, providing a total of 14 upscale residential units. The unit mix includes twelve spacious two-bedroom, one-bath apartments and two one-bedroom, one-bath apartments. In 2018, the properties underwent significant upgrades, including exterior painting, new roofs, and balconies, along with the installation of double-pane windows and sliders. The buildings have also been seismically retrofitted in anticipation of the Mill Valley soft-story ordinance, providing added safety and peace for a new owner. Mill Valley is a competitive rental market, often preferred by highly paid San Francisco employees who can work remotely and appreciate the area's high quality of life. The lack of significant new housing stock in southern Marin County further ensures that rents and property values will continue to appreciate. This presents a rare opportunity to acquire a turnkey property with strong, long-term cash flow and minimal maintenance in one of Northern California's most desirable sub-markets.
324054644
MLSⓇ ID
July 11, 2024
Listed
August 23, 2024
Updated
Map
2-10 Shelley Dr
Mill Valley CA, 94941
Interior Features
Total Stories
3
Total Bathrooms
2
Full Bathrooms
2
Laundry Description
Coin Operated, In Common Area
Floor Description
Simulated Wood, Tile, Wood
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.51 Acres
Exterior Features
Garden, Private
Lot Features
Garden, Private
Sewer
Public Sewer
Other Property Details
Area Name
Mill Valley
Garage
No
Parking
Covered, Guest Parking Available, Uncovered
Parking Total
23
View
Yes
View Description
Hills, Mt Tamalpais
County
Marin
Water Source
Public
Pool
No
Listed by Erich M Reichenbach (01860626) with Marcus & Millichap
Listing Contact:
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Phillipa Criswell | CA DRE# 01388047 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Bay Area Real Estate Information Services, Inc. all rights reserved.