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:  

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