NOT LISTED FOR SALE

Estimated Value: $4,141,812

8 Beds
-- Baths
7,274 Sq Ft
$569/Sq Ft Est. Value

Sale Details

Date Sold: December 4, 2017

Last sale price $2,800,000 $385 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $27,410 / mo

7 Days on Market

Highlights

  • Multiple cooling system units
  • Wood Siding
  • 5-minute walk to Kay Park
  • Mill Valley Middle School Rated A

About This Home

As of December 2017

This is a rare opportunity for an investor to own an excellent, well-maintained 10-Unit mixed-use property in one of Marin County's strongest rental markets. This investment offers a great unit-mix, location and upside potential.

Last Agent to Sell the Property

Michael Johnston

Engel & Voelkers San Francisco License #01370461 Listed on: 10/04/2017

Engel & Voelkers San Francisco

Co-Listed By

Erich Reichenbach

Marcus & Millichap Real Estate Investment Services, Inc. License #01860626

Last Buyer's Agent

Michael Johnston

Compass License #01131203

Compass

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Lot Details

  • 6,042

Home Design

  • 7,274 Sq Ft Home
  • Mixed Use
  • Slab Foundation
  • Shingle Roof
  • Wood Siding
  • Stucco

Parking

  • 13 Open Parking Spaces
  • Off-Street Parking

Utilities

  • Multiple cooling system units
  • Multiple Heating Units

Additional Features

  • Laundry in unit
  • 6,042 Sq Ft Lot

Community Details

  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 050-251-38

Property Details

Home Type

Multi-Family

Lot Details

6,042 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Mixed Use
  • Year Built Details: Unknown
  • Number Commercial Units: 5
  • Special Features: None
  • Stories: 0

Interior Features

  • Flooring: Simulated Wood
  • Laundry Features: In Each Unit
  • Price Per Square Foot: 384.93
  • Square Footage: 7274.00

Exterior Features

  • Construction Materials: Stucco, Wood Siding
  • Foundation: Slab
  • Roof: Shingle

Garage/Parking

  • Open Parking Spaces: 13.00
  • Parking Features: Off Street
  • Number Of Guest Spaces: 13

Utilities

  • Cooling: MultiUnits
  • Heating: MultiUnits
  • Sewer: Public Sewer
  • Water Source: Irrigation District

Fee Information

  • Utilities Expenses: 6342

Lot Info

  • Assessor Parcel Number: 050-251-38
  • Lot Size Acres: 0.1387
  • Lot Size Sq Ft: 6042.00
  • Lot Size Units: Acres
  • Price Per Acre: 20187454.94

Building Info

  • Number of Units Total: 10

Rental Info

  • Units Furnished: None

Multi Family

  • Gross Rent Multiplier: 14.20
  • 1 Bedroom Rent Range: 1800
  • Two Bedroom Rent Range: 2350
  • Three Bedroom Rent Range: 3100
  • Number Of1 Bedrooms Occupied: 1
  • Number Of2 Bedrooms Occupied: 1
  • Number Of3 Bedrooms Occupied: 1
  • Number of 3 Bedroom Units: 1
  • Number of Studio Units: 1
  • Number Studios Occupied: 1
  • Studio Rent Range: 1800

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2022
Sold by
300 Poplar Llc
Bought by
Current Estimated Value
$4,141,812

Purchase Details

Closed on
Jul 6, 2021
Sold by
David S Rabb And Mary Michaels Rabb 1994 and 300 Poplar Llc
Bought by
David S Rabb And Mary Michaels Rabb Revocable and Rabb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,962,000
Interest Rate
2.96%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 4, 2017
Closed on
Dec 1, 2017
Sold by
Fessell Walford J and Fessell Nicole J
Bought by
Rabb David S and Rabb Mary Michaels
Seller's Agent
Michael Johnston
Engel & Voelkers San Francisco
Buyer's Agent
Michael Johnston
Compass
List Price
$2,800,000
Sold Price
$2,800,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.16%
Original Mortgage
$1,960,000
Interest Rate
3.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 8, 2012
Sold by
Massoumi Anoushiravan
Bought by
Fessel Walford J and Fessel Nicole J

Purchase Details

Closed on
Dec 8, 2011
Sold by
Tchehrazi Sissi
Bought by
Massoumi Anoushiravan

Purchase Details

Closed on
May 27, 2011
Sold by
Tchehrazi Sissi and Massoumi Sissi Tchehrazi
Bought by
Massoumi Anoushiravan

Purchase Details

Closed on
Nov 29, 2001
Sold by
Massoumi Mehran and Massoumi Ashena
Bought by
Massoumi Mehran and Massoumi Ashena

Purchase Details

Closed on
Mar 8, 2001
Sold by
Tchehrazi Sissi
Bought by
Tchehrazi Sissi and Massoumi Anoushiravan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$775,000
Interest Rate
7.11%

Purchase Details

Closed on
Jun 5, 1997
Sold by
Bunch Lordon W and Nu Tu Do
Bought by
Tchehrazi Sissi and Mostajelean Shahrokh

Purchase Details

Closed on
Jun 2, 1997
Sold by
Guest Lyman H and Guest To Do Nu
Bought by
Bunch Lordan and Bunch Tu Do Nu

Purchase Details

Closed on
Jul 8, 1996
Sold by
Bunch Lordon W and Bunch Tu Do Nu
Bought by
Guest Lyman H and Guest Tu Do Nu
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Tamalpais Valley, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$855,081 Old Republic Title
David S Rabb And Mary Michaels Rabb Revocable -- Accommodation/Courtesy Recordi
Rabb David S $2,800,000 Old Republic Title Co
Fessel Walford J $2,125,000 First American Title Company
Massoumi Anoushiravan -- None Available
Massoumi Anoushiravan -- None Available
Massoumi Mehran -- --
Tchehrazi Sissi -- Old Republic Title Company
Tchehrazi Sissi $755,000 Pacific Coast Title Company
Tchehrazi Sissi -- Pacific Coast Title Company
Bunch Lordan $189,000 Pacific Coast Title Company
Guest Lyman H $108,181 Fidelity National Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner -- $1,962,000
Previous Owner Rabb David S $1,960,000
Previous Owner Massoumi Anoushiravan $330,000
Previous Owner Tchehrazi Sissi $775,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
12/04/2017 12/04/17 Sold $2,800,000 0.0% $385 / Sq Ft
10/11/2017 10/11/17 Pending -- -- --
10/04/2017 10/04/17 For Sale $2,800,000 -- $385 / Sq Ft
Source: San Francisco Association of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $56,003 $3,407,891 $1,765,205 $1,642,686
2025 $56,003 $3,341,121 $1,730,600 $1,610,521
2024 $53,799 $3,275,666 $1,696,676 $1,578,990
2023 $61,742 $3,211,478 $1,663,409 $1,548,069
2022 $57,158 $3,012,498 $1,393,847 $1,618,651
2021 $54,901 $2,953,478 $1,366,521 $1,586,957
2020 $48,830 $2,923,239 $1,352,520 $1,570,719
2019 $43,831 $2,855,960 $1,326,000 $1,529,960
2018 $47,033 $2,800,000 $1,300,000 $1,500,000
2017 $37,790 $2,254,566 $716,195 $1,538,371
2016 $35,528 $2,210,408 $702,155 $1,508,253
2015 $34,435 $2,177,246 $691,611 $1,485,635
2014 $29,511 $2,134,637 $678,064 $1,456,573
Source: Public Records

Agents Affiliated with this Home

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 21723609

San Francisco Association of REALTORS®

APN: 050-251-38

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