NOT LISTED FOR SALE
1 Bed
10 Baths
2,834 Sq Ft
7,749 Sq Ft Lot

Last Sold January 28, 2022

Last sale price $1,878,000 $663 Per Sq Ft

97 Days on Market

Highlights

  • Fireplace
  • Mill Valley Middle School Rated A
  • Laundry Facilities

About This Home

As of January 2022

407 Maple Street presents a rare opportunity to reposition a Mill Valley multifamily property. Each unit has a remodeled kitchen and other upgrades. A new owner can completely reposition the property through new tenant selection and additional property upgrades, or simply lease the units as-is. 407 Maple is well located in a family-friendly neighborhood that is walkable and near to Good Earth Foods, an excellent full service grocery store, as well as a number of popular local dining and retail options. The property benefits from updated electrical service and subpanels. There is covered parking for 5-6 cars and surface parking for another 4 cars. Each unit has a dishwasher, built-in microwave, wood burning fireplace, and wall heater. The studios have large walk-in closets and extra-large decks with built-in seating.

Last Agent to Sell the Property

John Garrett

Marcus & Millichap Real Estate License #01421403 Listed on: 08/26/2021

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1967

Lot Details

  • 7,749 Sq Ft Lot

Interior Spaces

  • 2,834 Sq Ft Home
  • 2-Story Property
  • Fireplace

Parking

  • 4 Open Parking Spaces
  • 9 Parking Spaces
  • 5 Covered Spaces
  • Covered Parking

Utilities

  • No Cooling
  • Wall Furnace

Community Details

  • 6 Units
  • Laundry Facilities
  • Gross Income $147,840

Listing and Financial Details

  • Tenant pays for electricity, gas
  • Assessor Parcel Number 050-241-39

Property Details

Home Type

Multi-Family

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: West on Shoreline, South on Maple St.
  • Lot Size Acres: 0.1779
  • Stories: 2
  • CapRate: 3.66
  • Actual or Scheduled: Scheduled
  • Special Features: None

Interior Features

  • Price Per Square Foot: 662.67
  • Square Footage: 2834.00
  • NumberOfBuildings: 1

Exterior Features

  • Lot Features: Shape Regular

Garage/Parking

  • Parking Features: Covered
  • Total Parking Spaces: 9.00
  • Covered Parking Spaces: 5.00
  • OpenParkingSpaces: 4.00

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Fireplace(s), Wall Furnace
  • Laundry Features: Coin Operated, In Common Area

Lot Info

  • Assessor Parcel Number: 050-241-39
  • Lot Size Sq Ft: 7749.00

Rental Info

  • TenantPays: Electricity, Gas

Building Info

  • Year Built: 1967

Multi Family

  • One Bedroom Annual Occupancy: 97
  • 1 Bedroom Rent Range: 2325
  • Number of 1 Bedroom Units: 1
  • Number of Studio Units: 5
  • NumberOfUnitsTotal: 6
  • Number Studios Occupied: 4

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
01/28/2022 01/28/22 Sold $1,878,000 0.0% $663 / Sq Ft
01/15/2022 01/15/22 Off Market $1,878,000 -- --
12/01/2021 12/01/21 Pending -- -- --
11/30/2021 11/30/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $2,100,000 +112.1% $741 / Sq Ft
07/23/2012 07/23/12 Sold $990,000 0.0% $261 / Sq Ft View Prior Sale
07/09/2012 07/09/12 Pending -- -- --
01/04/2012 01/04/12 For Sale $990,000 -- $261 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321082048

Bay Area Real Estate Information Services (BAREIS)

APN: 050-241-39