NOT LISTED FOR SALE

1 Mallard Rd Belvedere Tiburon, CA 94920

Belvedere Neighborhood
44 Beds
-- Bath
21,886 Sq Ft
2.83 Acres

Last Sold October 01, 2020

Last sale price $20,645,000 $943 Per Sq Ft

1 Day on Market

Highlights

  • Bay View
  • 2.83 Acre Lot
  • Central Heating
  • Bel Aire Elementary School Rated A
  • Private Lot
  • 1-minute walk to Belvedere Park

About This Home

As of October 2020

Positioned beside multimillion dollar homes in Marin County's prestigious community of Belvedere, Mallard Pointe Apartments is a true trophy property with additional value & upside potential. Commanding three parcels (060-072-18;27;28) totaling 2.83 acres on the Belvedere Lagoon, Mallard Pointe fits seamlessly alongside multimillion dollar single family neighbors in this dramatic bayside paradise. Priced at a real 3.61% cap rate, this rare offering combines AAA location, low density single story construction, outstanding unit mix of single family style two bedroom units & strong economic fundamentals. Investors seeking a product & location that is irreplaceable, with value-add potential, will strongly consider this once in a lifetime investment. 16 units are located on the waterfront, each with private yard, patio, garage & boat dock. The remaining 6 units each feature private yard & garage with access to a community boat dock.

Last Agent to Sell the Property

Scott Gerber

Norcal Commercial License #01138762 Listed on: 07/20/2020

Last Buyer's Agent

Scott Gerber

Norcal Commercial License #01138762 Listed on: 07/20/2020

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1951

Lot Details

  • 2.83 Acre Lot
  • Private Lot

Parking

  • 20 Car Garage
  • 30 Open Parking Spaces
  • 2 Carport Spaces

Property Views

  • Bay
  • Mountain

Home Design

  • 21,886 Sq Ft Home
  • Garden Apartment
  • Slab Foundation
  • Tar and Gravel Roof
  • Composition Roof

Laundry

  • Laundry in unit
  • Washer and Dryer

Utilities

  • Central Heating

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection, water
  • Assessor Parcel Number 060-072-27

Community Details

Overview

  • 10 Buildings
  • 22 Units

Additional Features

  • Laundry Facilities
  • Gross Income $1,389,024

Property Details

Home Type

Multi-Family

Year Built

Built in 1951

Lot Details

0

Parking

20

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Class A Building, Garden Apartments
  • Directions To Property: Type in to GPS
  • Lot Size Acres: 2.8300
  • CapRate: 3.61
  • Actual or Scheduled: Actual
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Square Foot: 943.30
  • Square Footage: 21886
  • NumberOfBuildings: 10

Exterior Features

  • Foundation: Slab
  • Lot Features: Cul-De-Sac, Private
  • Roof: Composition, Tar/Gravel
  • View: Bay, Mountains, Water

Garage/Parking

  • Parking Features: Carport, Garage
  • Carport Spaces: 2
  • Garage Spaces: 20
  • OpenParkingSpaces: 30

Utilities

  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central
  • Laundry Features: In Common Area, In Each Unit, Washer/Dryer Owned

Lot Info

  • Assessor Parcel Number: 060-072-27
  • Lot Size Sq Ft: 123275

Rental Info

  • TenantPays: Electricity, Gas, Trash Collection, Water

Building Info

  • Year Built: 1951

Multi Family

  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: $2900-$6500
  • Number Of2 Bedrooms Occupied: 22
  • Number of 2 Bedroom Units: 22
  • NumberOfUnitsTotal: 22

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2020 10/01/20 Sold $20,645,000 0.0% $943 / Sq Ft
07/21/2020 07/21/20 Pending -- -- --
07/20/2020 07/20/20 For Sale $20,645,000 -- $943 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Scott Gerber

    Norcal Commercial

    (415) 215-3333

    1 in this area

    4 Total Sales

    Scott Gerber
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 22016731

Bay Area Real Estate Information Services (BAREIS)

APN: 060-072-27

California Marin County Belvedere Tiburon 94920 Belvedere

1 Mallard Rd, Belvedere Tiburon, CA

This home is located at 1 Mallard Rd, Belvedere Tiburon, CA 94920 since 20 July 2020. This property was built in 1951. 1 Mallard Rd is a home located in Marin County with nearby schools including Reed Elementary School, Bel Aire Elementary School, and Del Mar Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bay Area Real Estate Information Services (BAREIS) Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.

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