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SOLD 6/23/2020
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1 Shelley Drive Mill Valley, CA 94941
- bed - bath · 4144 ft2 · 6930 ft2 lot
$2,395,000
$578 / ft2
Listing provided courtesy of Listing Broker: ,
Source BAREIS
Situated on a hillside with lovely valley views, One Shelley Drive is a well maintained six unit apartment building. Additional large storage space with half bath on ground level. All units are tenant occupied and have individual PG&E meters. Shared coin operated coin laundry on site. Parking includes five covered car ports plus three outside spaces. Bring your investor clients for a rare Southern Marin investment opportunity.
HOA
$—/month
On market
3 months
Year built
1951
Property type
Multi Unit 5+
Parking
MLS
22005030
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Based on a price of $2,395,000
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Net Rebate:
Negotiating Power:
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$11,975
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Discount Brokerage
$9,320
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$9,320
Average
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Monthly Payment Calculator
per month
Principal and interest
Property taxes
HOA dues
Homeowner's insurance
Home price
$2,395,000
Down payment
Program
30-Year Fixed
Rate
—%
Mortgage
$2,395,000
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Property Details
Interior Features & Layout
Appliances
•   
Laundry Appliances: Coin Operated
Heating & Cooling
•   
Heating Details: Ceiling Fan(s), Natural Gas, No Air Conditioning, Separate, W/Heat-Gas, Wood Burning
Flooring
•   
Flooring: Hardwood, W/W Carpet
Property, Lot, Community & Exterior Features
Property Features
•   
View: Valley
Parking Info
•   
Garage: Carports, Uncovered
Community Info
•   
Number Buildings: 1
•   
Total Units: 6
Lot Info
•   
Lot Size Source: (Realist Public Rec)
•   
Lot Description: City, Corner
•   
Lot Size Acres: 0.16
•   
Lot Size Units: Acres
Property Type
•   
Mls Prop Type: Multi Unit 5+
•   
Type: 3 Story, Apartments
Building Info
•   
Sqft Source: Realist Public Rec
•   
Foundation: CC Slab
•   
Roof: Composition, Shingle
•   
Year Built Source: Realist Public Rec
Exterior Features
•   
Exterior: Stucco
Utilities & Other Information
Water & Sewer Info
•   
Water Source: Water-Public
•   
Sewer: Sewer Public
Other
•   
Fips Code: 41
Utilities
•   
Utilities: Cable Available
Listing Details, Costs & Financing Information
Terms
•   
Possession: Close Escrow
Financial Info
•   
Expense Source: Owner
•   
Estimated Insurance Expenses: 2850.00
•   
Estimated Management: 0.00
•   
Estimated Tax: 29937.00
•   
Estimated Maintenance Expense: 10000.00
•   
Estimated Misc Expenses: 0.00
•   
Buyer Financing: Cash (No Loan)
•   
Cap Rate: 4.50
•   
Operating Expense Includes: Electricity, Garbage, Gas, Insurance, Maintenance, Water
•   
Estimated Utilities Expenses: 6132.00
•   
Gross Scheduled Income: 156168.00
•   
Lease Deposit: 0.00
•   
Operating Expense: 48919.00
Listing Info
•   
Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2020 Bay Area Real Estate Information Services, Inc. All rights reserved. Copyright 2020 Rapattoni Corporation. All rights reserved.
•   
Status: Sold
•   
Special Listing Conditions: Offer As Is
•   
Contingent Expiration Date: 1800-01-01
Tax/Assessment Info
•   
Tax Autofill: NNNYYY
Lease Info
•   
Net Operating Income: 107249.00
•   
Sublease Expiration Date: 1800-01-01T00:00:00
•   
Lease Type: Net
Listing Details
•   
Agreement Type: Exclusive Right
•   
Sale Type: Resale
•   
Transaction Type: Sale
Multi Unit Information
2 Bedroom Information
•   
2 Bedroom Rent Range: $2, 257-$2, 428
•   
No Of 2 Bedrooms: 4
•   
No Of 2 Bedrooms Occupied: 4
•   
2 Bedroom Annual Occupancy: 100.00
1 Bedroom Information
•   
1 Bedroom Rent Range: $1, 745-$1, 806
•   
No Of 1 Bedrooms Occupied: 2
•   
No Of 1 Bedrooms: 2
•   
1 Bedroom Annual Occupancy: 100.00
Multi Unit Information
•   
Actual Or Projected: Actual
Studio Information
•   
Studio Annual Occupancy: 0.00
4 Bedroom Information
•   
4 Bedroom Annual Occupancy: 0.00
3 Bedroom Information
•   
3 Bedroom Annual Occupancy: 0.00
School Neighborhood & Directions
Location
•   
Cross Street: Kipling
•   
Area: Mill Valley, A1400
•   
Directions: Coming from Highway 101 on East Blithedale, turn Left onto Kipling. Building is located on the corner on the Right side of the Shelley and Kipling.
•   
Zip Code +4: 1558
School Info
•   
Elementary School District Name: Tamalpais Unified
Other
Calculation
•   
Dom: 105
The information contained in this listing has not been verified by Flyhomes and should be verified by the buyer.

Data last updated: Aug 13, 2020 8:09pm
Nearby schools
SCHOOL
RATING
Tamalpais High School
Public · 1 mi · 9-12
School info provided by
School data provided as-is by Niche, a third party. It is the responsibility of the user to evaluate all sources of information. Users should visit all school district web sites and visit all the schools in person to verify and consider all data, including eligibility.
Neighborhood snapshot
%Sale/List
Sqft
50
Properties for sale
37
Median days on market
$758.21
Median sold price/sqft
595.81%
Sold/List %
walk-icon
walk score® :
55
Somewhat Walkable
transit-icon
transit score® :
bike-icon
bike score® :
67
Bikeable
Property History
06/23/2020
06/23/2020
BAREIS #22005030
sold
BAREIS #22005030
$2,395,000
06/18/2020
06/18/2020
BAREIS #22005030
pending
BAREIS #22005030
$2,395,000
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Homes are subject to our approval and must be listed within an MLS in the areas that Flyhomes operates. Homes are subject to inspections and other limitations.