11 Commodore Marina Mill Valley Loop Unit D Mill Valley, CA 94941
Estimated payment $3,468/month
Highlights
- Property is near an ocean
- Deck
- Radiant Floor
- Tamalpais High School Rated A
- Property is near a park
- Cooling Available
About This Home
This stunning fully furnished upstairs Houseboat Unit has had lease approval from Commodore Marina to operate as a short-term rental since September 2022. Gross rental income in 2024 was $100,936 at 85% occupancy, making the GRM just 4.90 years. The NOI was $67,943, making the Cap rate 13.7%.
The unit 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 below deck.
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
- Compactor
- 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
- Cooling Available
- Heating Available
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 901-100-11d
- 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 $1,548
- New Taxes Expense $2,004
- Operating Expense $16,416
- Gross Income $84,379
- Net Operating Income $67,963
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 | $527,000 | +6.5% | $1,506 / Sq Ft |
| 03/03/2025 03/03/25 | For Sale | $495,000 | -- | $1,414 / Sq Ft |
Source: Santa Barbara Multiple Listing Service
MLS Number: 25-898
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