Seller's Agent in 2024
Kate Raphael Smith
Norcal Commercial
(415) 259-9891
1 in this area
8 Total Sales
55 Roque Moraes Ct Mill Valley, CA 94941
Sycamore Park Neighborhood
4
Beds
3
Baths
5,008
Sq Ft
10,001
Sq Ft Lot
Highlights
- Midcentury Modern Architecture
- Views of Mount Tamalpais
- Landscaped
- Mill Valley Middle School Rated A
- Wood Flooring
- 3-minute walk to Hauke Park
About This Home
As of August 2024The Alto Apartments is a rare opportunity to acquire a clean 6-unit investment property in the charming Southern Marin community of Mill Valley just 10 minutes north of the Golden Gate Bridge. Featuring six spacious two bedroom units walking distance to parks, schools, hiking, restaurants, shopping, and downtown Mill Valley, as well as easy access to Highway 101, it would be hard to imagine a better combination of fundamentals and location than this. 5 of 6 apartments have fully updated kitchens and baths. In addition the original charm pervades with large picture windows bringing in natural light and natural wood floors. Property pays for water, sewer and trash and exterior lighting. Importantly, the original electric circuit breaker panels have been replaced in accordance with current insurance underwriting standards and additional plumbing and seismic upgrades have been completed (records with the City of MV). There is a coin laundry room onsite, one assigned tandem carport, and additional storage closet off the carport for each unit. Priced below recent sales comps, the starting cap of 4.00% grows to 5.18% at what are believed to be market rents, making the Alto Apartments a compelling buy for the long term real estate investor.
Last Agent to Sell the Property
Norcal Commercial License #02027825 Listed on: 06/19/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1959
Lot Details
- 10,001 Sq Ft Lot
- Landscaped
Property Views
- Mount Tamalpais
- Park or Greenbelt
Home Design
- 5,008 Sq Ft Home
- Midcentury Modern Architecture
- Flat Roof Shape
- Concrete Foundation
- Combination Foundation
- Slab Foundation
- Tar and Gravel Roof
- Stucco
Kitchen
- Free-Standing Electric Range
- Dishwasher
Flooring
- Wood
- Stone
Bedrooms and Bathrooms
- 4 Bedrooms
Parking
- 12 Parking Spaces
- 6 Carport Spaces
Utilities
- No Cooling
- Central Heating
- Heating System Uses Gas
- Individual Gas Meter
- Gas Water Heater
Community Details
- 6 Units
- Laundry Facilities
- Gross Income $209,100
Listing and Financial Details
- Tenant pays for cable TV, electricity, gas
- Assessor Parcel Number 030-201-15
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 08/27/2024 08/27/24 | Sold | $2,900,000 | -9.4% | $579 / Sq Ft | |
| 07/03/2024 07/03/24 | Pending | -- | -- | -- | |
| 06/19/2024 06/19/24 | For Sale | $3,200,000 | -36.0% | $639 / Sq Ft | |
| 05/16/2018 05/16/18 | Sold | $5,000,000 | 0.0% | $998 / Sq Ft | View Prior Sale |
| 05/15/2018 05/15/18 | Pending | -- | -- | -- | |
| 03/15/2018 03/15/18 | For Sale | $5,000,000 | -- | $998 / Sq Ft |
Source: Bay Area Real Estate Information Services (BAREIS)
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 | $42,914 | $2,900,000 | $1,300,000 | $1,600,000 |
| 2024 | $72,351 | $5,577,222 | $2,677,200 | $2,900,022 |
| 2023 | $71,120 | $5,467,925 | $2,624,712 | $2,843,213 |
| 2022 | $68,456 | $5,360,776 | $2,573,256 | $2,787,520 |
| 2021 | $66,935 | $5,255,727 | $2,522,808 | $2,732,919 |
| 2020 | $66,656 | $5,201,903 | $2,496,960 | $2,704,943 |
| 2019 | $64,026 | $5,099,952 | $2,448,000 | $2,651,952 |
| 2018 | $33,635 | $2,291,235 | $1,320,325 | $970,910 |
| 2017 | $32,688 | $2,246,357 | $1,294,437 | $951,920 |
| 2016 | $31,892 | $2,202,369 | $1,269,062 | $933,307 |
| 2015 | $29,071 | $2,125,000 | $1,250,000 | $875,000 |
| 2014 | $7,658 | $269,040 | $74,499 | $194,541 |
Source: Public Records
Agents Affiliated with this Home
-
Kate Raphael Smith
-
Katherine Higgins
Buyer's Agent in 2024
Katherine Higgins
Berkshire Hathaway
(415) 302-7730
1 in this area
17 Total Sales
-
Erich Reichenbach
Seller's Agent in 2018
Erich Reichenbach
Marcus & Millichap Real Estate
(415) 625-2146
13 Total Sales
-
David Schwartz
D
Buyer's Agent in 2018
David Schwartz
David Schwartz Real Estate Bro
(415) 412-2236
16 Total Sales
Map
Source: Bay Area Real Estate Information Services (BAREIS)
MLS Number: 324048177
APN: 030-201-15
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.
Listing information deemed reliable but not guaranteed. Copyright 2026 Bay Area Real Estate Information Services, Inc. All Right Reserved.
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