NOT LISTED FOR SALE
16 Beds
-- Baths
6,476 Sq Ft
0.25 Acre Lot

Sale Details

Date Sold: January 5, 2022

Last sale price $4,192,000 $647 Per Sq Ft

21 Days on Market

Highlights

  • Corner Lot
  • Mill Valley Middle School Rated A
  • Coin Laundry

About This Home

As of January 2022

401 Ash Street is a 10-unit Multifamily investment opportunity located in Mill Valley, CA. The asset is comprised of four X 1-bedroom, 1-bathroom units, and six X two-bedroom, 1-bathroom units. Built in 1958/1970, the 6,476 Sq. Ft. two-story structure is situated on Ash Street on a 11,097 Sq. Ft. lot. The property consists of 15 parking spaces and an open courtyard for tenants to enjoy. Located approximately 14 miles north of San Francisco, just across the Golden Gate Bridge, the Mill Valley property provides tenants with easy access to a safe, suburban community with proximity to the city and the nature that surrounds it. Mill Valley was voted one of the top 100 cities to live in by Money Magazine due to the shops, entertainment, restaurants, art galleries, and culture that the downtown area has to offer to its residents. Additionally, Marin County is home to the best public school system in the State of California and is ranked 5th in the nation according to niche.com.

Last Agent to Sell the Property

Keith Manson

Cushman & Wakefield License #DRE #01490046 Listed on: 11/22/2021

Last Buyer's Agent

Mark Vasquez

Mark Vasquez License #01236949

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Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 11,097 Sq Ft Lot
  • Corner Lot

Home Design

  • Flat Roof Shape
  • Tar and Gravel Roof

Interior Spaces

  • 6,476 Sq Ft Home
  • 2-Story Property
  • Laundry in unit

Parking

  • 15 Parking Spaces
  • Open Parking

Utilities

  • Wall Furnace
  • Heating System Uses Gas
  • Separate Meters

Community Details

  • 10 Units
  • Coin Laundry

Listing and Financial Details

  • Assessor Parcel Number 050-242-23

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0.25 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Property Condition: Varies By Unit
  • Levels: Two
  • Stories: 2
  • Year Built: 1960
  • Special Features: None

Interior Features

  • Basement: None
  • Laundry Features: Coin Operated, In Each Unit
  • Price Per Square Foot: 647.31
  • Square Footage: 6476.00

Exterior Features

  • Foundation: See Remarks
  • Roof: Flat, Tar/Gravel

Garage/Parking

  • Parking Features: Open, See Remarks
  • Total Parking Spaces: 15.00

Utilities

  • Cooling: See Remarks
  • Heating: Gas, Wall Furnace
  • Sewer: See Remarks
  • Water Source: See Remarks

Lot Info

  • Assessor Parcel Number: 050-242-23
  • Lot Features: Corner
  • Lot Size Acres: 0.2548
  • Lot Size Sq Ft: 11097.00
  • Lot Size Units: SqFt
  • Price Per Acre: 16452119.31

Building Info

  • Number of Units Total: 10

Multi Family

  • One Bedroom Annual Occupancy: 100
  • Two Bedroom Annual Occupancy: 100
  • Number Of1 Bedrooms Occupied: 4
  • Number Of2 Bedrooms Occupied: 6
  • Separate Meters: Electricity, Gas, Water

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

Listed on
Nov 22, 2021
Closed on
Dec 27, 2021
Sold by
401 Ash Llc
Bought by
Seller's Agent
Keith Manson
Cushman & Wakefield
Buyer's Agent
Mark Vasquez
Mark Vasquez
List Price
$4,250,000
Sold Price
$4,192,000
Premium/Discount to List
-$58,000
-1.36%

Purchase Details

Closed on
Apr 27, 2016
Sold by
Barkhordarian Geore
Bought by
Barkhordarian Victor

Purchase Details

Closed on
Apr 26, 2016
Sold by
Barkhordarian George and Barkhordarian Victor
Bought by
401 Ash Llc

Purchase Details

Closed on
Jul 29, 2013
Sold by
Rochester One Limited Partnership
Bought by
Barkhordarian George and Barkhordarian Victor

Purchase Details

Closed on
Nov 3, 2004
Sold by
Guy Robert and Robert Guy 2001 Trust
Bought by
Yee Investment Co Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,150,000
Interest Rate
5.69%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 18, 2001
Sold by
Robert Guy
Bought by
Guy Robert and Robert Guy 2001 Trust
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
01/05/2022 01/05/22 Sold $4,192,000 -1.4% $647 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
11/22/2021 11/22/21 For Sale $4,250,000 -- $656 / 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
2022 $2,160 $111,550 $111,550
2021 $2,125 $109,363 $109,363 $0
2020 $2,098 $108,242 $108,242 $0
2019 $2,133 $106,120 $106,120 $0
2018 $1,727 $104,040 $104,040 $0
2017 $1,700 $102,000 $102,000 $0
2016 $1,126 $54,519 $54,519 $0
2015 $1,141 $53,700 $53,700 $0
2014 $1,062 $52,649 $52,649 $0
Source: Public Records

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Map

Source: San Francisco Association of REALTORS®

MLS Number: 321109294

San Francisco Association of REALTORS®

APN: 050-242-21

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