NOT LISTED FOR SALE
8 Beds
5 Baths
3,240 Sq Ft
3,241 Sq Ft Lot

Last Sold August 03, 2018

Last sale price $1,710,000 $528 Per Sq Ft

52 Days on Market

Highlights

  • Private Pool
  • Ceiling Fan
  • Coin Laundry
  • Mill Valley Middle School Rated A

About This Home

As of August 2018

31 Reed Boulevard #14, offers an investor the unique opportunity to purchase a pride of ownership four-unit building located in Mill Valley. 31 Reed is located in the Strawberry area of Mill Valley and is a short walk to Safeway and the other retail shops and restaurants of the Strawberry Village Shopping Center. The property consists of one, two-story building situated in a small multifamily community. The unit-mix consists of two large two-bedroom/one-bath units, one large three-bedroom/two-bath unit and one one-bedroom/one-bath unit. Each unit has its own gas meter and electric meters and covered parking space. Tenants are able to take advantage of the beautiful amenities which consist of Pool, designated BBQ area and onsite laundry. The Villa Tiburon Community provides all the upkeep which is covered in the monthly the HOA dues.

Last Agent to Sell the Property

Phillip Batlin

Marcus & Millichap License #01873218 Listed on: 05/08/2018

Last Buyer's Agent

Jim ONeil

Sotheby's International Realty License #01501936

Property Details

Home Type

  • Multi-Family

Year Built

  • 1964

Lot Details

  • 3,241

Parking

  • 4 Carport Spaces

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 3,240 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Additional Features

  • Private Pool
  • 3,241 Sq Ft Lot
  • Wall Furnace

Listing and Financial Details

  • Total Actual Rent $101,400

Community Details

Building Details

  • 4 Leased Units
  • Insurance Expense $1,000
  • Maintenance Expense $4,000
  • Operating Expense $26,217
  • Gross Income $99,372

Additional Features

  • Property has a Home Owners Association
  • Coin Laundry

Property Details

Home Type

Multi-Family

Year Built

1964

Lot Details

0

Listing Details

  • Zoning: R3
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3240
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Year Built: 1964

Interior Features

  • Living Sq Ft: 3240
  • Stories: 2
  • Laundry: Coin Operated

Exterior Features

  • Foundation: Wood Frame
  • Pool Description: Yes
  • Roof: Shingle

Garage/Parking

  • Garage Parking Features: Carport
  • Carport Min: 4

Utilities

  • Cooling System: Ceiling Fan
  • Heating System: Wall Furnace
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • HOA Fees: 1525
  • HOA Exist: Yes

Lot Info

  • Lot Acres: 0.0744
  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 3240.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 3240.00

Rental Info

  • Existing Lease Term(s): Month To Month
  • Gross Rent Multiplier: 18.24
  • Number Of Leased: 4

Multi Family

  • Utilities: Public Utilities
  • Expense Insurance: 1000
  • Expense Maintenance: 4000
  • Expenses Total: 26217
  • Income Annual Gross: 99372.00
  • Income Annual Rental: 101400
  • Income Gross Scheduled: 101400
  • Meters: Separate Electric, Separate Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Parking
  • Tenant Expenses: Services - Sewer, Utilities - Electric, Utilities - Hot Water
  • Vacancy Factor: 2

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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 List to Sale Price per Sq Ft Prior Sale
08/03/2018 08/03/18 Sold $1,710,000 -7.6% $528 / Sq Ft
06/30/2018 06/30/18 Pending -- -- --
05/08/2018 05/08/18 For Sale $1,850,000 +52.3% $571 / Sq Ft
01/13/2015 01/13/15 Sold $1,215,000 0.0% $375 / Sq Ft View Prior Sale
12/02/2014 12/02/14 Pending -- -- --
11/03/2014 11/03/14 For Sale $1,215,000 +8.0% $375 / Sq Ft
02/28/2014 02/28/14 Sold $1,125,000 0.0% $351 / Sq Ft View Prior Sale
02/26/2014 02/26/14 Pending -- -- --
11/11/2013 11/11/13 For Sale $1,125,000 -- $351 / Sq Ft
Source: MLSListings

Tax History Compared to Growth

Source: Public Records

Tax History

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
2025 $22,164 $1,378,674 $764,169 $614,505
2024 $21,474 $1,351,679 $749,189 $602,490
2023 $21,154 $1,325,212 $734,502 $590,710
2022 $20,538 $1,299,261 $720,101 $579,160
2021 $20,242 $1,273,828 $705,988 $567,840
2020 $20,262 $1,260,785 $698,750 $562,035
2019 $19,514 $1,236,104 $685,054 $551,050
2018 $18,203 $1,211,906 $671,626 $540,280
2017 $17,570 $1,188,180 $658,460 $529,720
2016 $16,517 $1,164,914 $645,549 $519,365
2015 $16,395 $1,147,445 $635,855 $511,590
2014 $10,329 $630,535 $225,853 $404,682
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLSListings

MLS Number: ML81704559

MLSListings

APN: 043-330-01