11 Commodore Marina Mill Valley Loop Unit B Mill Valley, CA 94941
Estimated payment $2,764/month
Highlights
- Property is near an ocean
- Deck
- Radiant Floor
- Tamalpais High School Rated A
- Property is near a park
- Property is in excellent condition
About This Home
This stunning fully furnished upstairs Houseboat unit is fully furnished and features a raised platform bed to overlook the open water views, a full kitchen including a stacking washer/dryer, a full bath with heated floors and a private outside deck area. It is energy efficient and all electric with high-speed internet and a Sonos sound system installed throughout. Also included is a 60 sq. ft. climate-controlled storage unit below deck.
The Unit has had lease approval from Commodore Marina to operate as a short-term rental since September 2022. Gross rental income in 2024 was $79,608 at 81% occupancy, making the GRM just 4.96 years, The NOI was $47,554, making the Cap rate 12.0%.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2022
Lot Details
- Back Yard Fenced
- Property is in excellent condition
Home Design
- 350 Sq Ft Home
Kitchen
- Built-In Oven
- Stove
- Microwave
- Dishwasher
- Disposal
Flooring
- Radiant Floor
- Tile
- Vinyl Plank
Laundry
- Laundry in unit
- Dryer
- Washer
Parking
- 1 Open Parking Space
- 1 Parking Space
Outdoor Features
- Property is near an ocean
- Deck
Location
- Property is near a park
- Property is near public transit
- Property is near schools
- Property is near shops
- Property is near a bus stop
Utilities
- Heating Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 901-100-11b
- Seller Considering Concessions
Community Details
Pet Policy
- Pets Allowed
Building Details
- Electric Expense $1,272
- Insurance Expense $1,248
- Licenses Expense $2,376
- Maintenance Expense $1,500
- New Taxes Expense $2,304
- Operating Expense $16,668
- Gross Income $64,222
- Net Operating Income $47,554
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/02/2025 04/02/25 | Price Changed | $420,000 | +6.3% | $1,200 / Sq Ft |
| 03/02/2025 03/02/25 | For Sale | $395,000 | -- | $1,129 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
MLS Number: 25-893
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