3-Buildings 24 or 48-Units 15,148 Square Feet Total First-Time on the Market in 50-Years LOTS of Potential Uses INVESTORS ... good cash-flow and 5% Cap-Rates with the current Tenants INVESTORS #2 ... 10% Cap-Rates by converting back to market-rate housing INVESTORS #3 ... Convert to affordable condos to sell individually or make into live/work spaces ... over $3-million upside potential YMBY (YES in My Backyard) ... Non-Profit Groups - convert to housing for Disabled Veterans, or other vital programs YMBY #2 ... Potential to double the number of units to 48 studio apartments ... upstairs units can be adapted to have separate entrances ... see the Matterport Tour for a sample of an upstairs studio COMPANY HEADQUARTERS ... High-Visibility Location, excellent parking, campus-like setting and immediate access to Highway-101 make this an interesting option. A FEW NUMBERS : $100,000 or $200,000 per unit 24-units (1-bedroom) or 48-units (studio apartments) Possibly build more units 3 buildings - about 5,000 square feet per building The asking price is $318 per square foot, which is way below what it would cost to build in today's market OK to drive around the buildings - but, please DO NOT ENTER BUILDINGS or DISTURB TENANTS
Property Details
Property Features
Property Information:
Year Built: 1971
Listing Office:
Office Name: Re/Max Accord
Office Phone: (925) 283-9200
Listing Agent: Kevin Obrien
Virtual/3D Tour
3D Tour: 150 Shoreline Hwy
3D Tour
Lot Features
Lot Information:
Lot Size: 0.86 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
School Info
Assigned Schools Information:
Tamalpais High School, Public District Grades 9-12
Redwood High School, Public District Grades 9-12
Sir Francis Drake High School, Public District Grades 9-12
Bayside Martin Luther King Jr. Academy, Public District Grades KG-8
Other
Directions Information:
Directions: Hwy-101 at Hwy-1, Mill Valley Cross Street: Hwy-101 & Hwy-1.
Price Information
Listing Price Info
Price Summary:
List Price: $4,800,000
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Housing Market Comparison
See how this home compares to others in Mill Valley, CA.
This property is $2.7M more than the Median Sold Price in Mill Valley, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #41042766
Listing Office:
Office Name: Re/Max Accord
Office Phone: (925) 283-9200
Listing Agent: Kevin Obrien
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 4/29/2024, 5:25:18 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Nov 18, 2003
Nov 18, 2003Home Sold
$1,695,000
Dec 21, 1999
Dec 21, 1999Home Sold
$400,000
Dec 02, 1999
Dec 02, 1999Home Sold
$400,000
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Middle School
5
/10
Bayside Martin Luther King Jr. Academy
200 Phillips Dr
Distance between this listing and this school0.66 miles
Public District Grades KG-8
High School
9
/10
Tamalpais High School
700 Miller Ave
Distance between this listing and this school0.77 miles
Public District Grades 9-12
9
/10
Redwood High School
395 Doherty Dr
Distance between this listing and this school3.98 miles
Public District Grades 9-12
8
/10
Sir Francis Drake High School
1327 Sir Francis Drake Blvd
Distance between this listing and this school7.65 miles
Public District Grades 9-12
Nearby Schools
9
/10
Tamalpais Valley Elementary School
350 Bell Ln
Distance between this listing and this school0.64 miles
Public District Grades KG-5
8
/10
Strawberry Point Elementary School
117 E Strawberry Dr
Distance between this listing and this school1.38 miles
Public District Grades KG-5
9
/10
Park Elementary School
360 E Blithedale Ave
Distance between this listing and this school1.84 miles
Public District Grades KG-5
Assigned Schools
5
/10
Bayside Martin Luther King Jr. Academy
200 Phillips Dr
Distance between this listing and this school0.66 miles
Public District Grades KG-8
Nearby Schools
9
/10
Mill Valley Middle School
425 Sycamore Ave
Distance between this listing and this school1.26 miles
Public District Grades 6-8
7
/10
Willow Creek Academy
636 Nevada St
Distance between this listing and this school1.53 miles
Public Charter Grades KG-8
Assigned Schools
9
/10
Tamalpais High School
700 Miller Ave
Distance between this listing and this school0.77 miles
Public District Grades 9-12
9
/10
Redwood High School
395 Doherty Dr
Distance between this listing and this school3.98 miles
Public District Grades 9-12
8
/10
Sir Francis Drake High School
1327 Sir Francis Drake Blvd
Distance between this listing and this school7.65 miles
The neighbors living near this home have an average income of $139,205. Residents of Mill Valley, CA typically earn $200k+ each year. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 150 Shoreline Hwy
What is the listing price of this property?
The listing price of 150 Shoreline Hwy property is $4,800,000.
What type of property is this?
The property 150 Shoreline Hwy is a house located in Mill Valley, California, 94941.
Is this property for sale now?
Active Listing: 150 Shoreline Hwy is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 150 Shoreline Hwy are: Bayside Martin Luther King Jr. Academy: GreatSchools Rating 5/10Tamalpais High School: GreatSchools Rating 9/10Redwood High School: GreatSchools Rating 9/10Sir Francis Drake High School: GreatSchools Rating 8/10
When was this property sold last time and for how much?
The last sale was on November 18, 2003 for $1,695,000. (source: MLS/tax record).
Which year was this property built?
The year of construction for 150 Shoreline Hwy is 1971.
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This home is located at 150 Shoreline Hwy in Mill Valley, CA and zip code 94941. This home, which was built in 1971, sits on a 0.86 acre lot. It has been listed on Rocket Homes since October 24, 2023 and is currently priced at $4,800,000.
In March 2024, from all listings sold in Mill Valley, CA there were more than 13 sold above asking price, over 8 sold below and more than 2 were sold right at the asked price. The inventory of homes for sale in Mill Valley, CA between February 2024 and March 2024 increased by 25.5%.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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