CA > Mill Valley
Mill Valley, CA 94941,11 Commodore Marina
Mill Valley, CA 94941,11 Commodore Marina
Mill Valley, CA 94941,11 Commodore Marina
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Listed by Robert S Warner • Now Realty • Corcoran Icon Properties
Corcoran Icon Properties
$1,747,000
Est. payment /mo
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4 Beds
4 Baths
1,440 SqFt
Price Dropped by $148K

11 Commodore Marina Mill Valley, CA 94941

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Kelly Norris

Kelly Norris

+1(707) 294-8885

UPDATED:

Key Details

Property Type Manufactured Home

Sub Type Floating Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $1,213

MLS Listing ID 325018421

Bedrooms 4

Full Baths 4

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1967

Lot Size 583 Sqft

Property Sub-Type Floating Home

Property Description

This completely remodeled 4-Unit Houseboat is in a perfect location for visitors, just two blocks from the first Marin Airporter stop, a Golden Gate Transit stop leading to the Sausalito Ferry terminal and San Francisco beyond, and the only stop for the Muir Woods State Park tour bus. Even closer is the only company in the Bay Area offering Seaplane and Helicopter Tours of San Francisco, the Golden Gate Bridge and Marin County. Each unit features a raised platform bed to overlook open water views, a full kitchen including a stacking washer/dryer, a full bath with heated floors and a private outside deck area. There is also over 1000 sq. ft. of climate-controlled storage in the barge below decks with a commercial washer/dryer to allow for quick rental change overs. The Houseboat has been approved by the Commodore Marina as a short-term rental since September of 2022. All units have consistently maintained occupancy rates over 80%. Gross rental income in 2024 was $415,030, making the GRM just 3.84 years at the bidding start price, The NOI was $285,993, making the Cap Rate 17.9%.

Location

State CA

County Marin

Area Sausalito

Rooms

Dining Room Dining Bar

Kitchen Breakfast Area, Laminate Counter, Pantry Closet

Interior

Heating Heat Pump, Radiant

Cooling Heat Pump

Flooring Simulated Wood, Tile

Exterior

Exterior Feature Storage Area

Parking Features Assigned

Garage Spaces 4.0

Utilities Available Cable Connected, DSL Available, Electric, Individual Electric Meter, Internet Available, Solar

Roof Type Composition

Building

Foundation Other

Sewer Sewer Connected

Water Water District

Construction Status Updated/Remodeled

Others

Senior Community No

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Kelly Norris

Broker Associate | License ID: 01874429

+1(707) 294-8885

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11 Commodore Marina