11 Commodore Marina Mill Valley, CA 94941
Listing Courtesy of: BAREIS / Now Realty / Robert Warner / Corcoran Icon Properties / Jenn Pfeiffer

  11 Commodore Marina Mill Valley, CA 94941

Active (30 Days)
$1,895,000
4
BED
4
BATH
1,440
SQFT

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%.

MLS #:
325018421
Lot Size
584 SQFT
Type
Mfghome
Year Built
1967
County
Marin County

Listed By

Robert Warner, Now Realty
Jenn Pfeiffer, DRE #01339863 CA, Corcoran Icon Properties
Source
BAREIS
Last checked Apr 3 2025 at 7:05 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 4
Kitchen
  • Microwave
  • Insulated Water Heater
  • Hood Over Range
  • Free Standing Refrigerator
  • Electric Water Heater
  • Electric Cook Top
  • Disposal
  • Dishwasher
  • Built-In Electric Oven
  • Pantry Closet
  • Laminate Counter
  • Breakfast Area
Property Features
  • Foundation: Other
Heating and Cooling
  • Radiant
  • Heat Pump
Flooring
  • Tile
  • Simulated Wood
Exterior Features
  • Roof: Composition
Utility Information
  • Utilities: Solar, Internet Available, Individual Electric Meter, Electric, Dsl Available, Cable Connected
  • Sewer: Sewer Connected
  • Energy: Windows, Water Heater, Thermostat, Roof, Lighting, Insulation, Heating, Cooling, Construction, Appliances
Living Area
  • 1,440 sqft
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Apr 03, 2025
Price Changed
$1,895,000
19%
300,000
Disclaimer: Listing Data © 2025 Bay Area Real Estate Information Services, Inc. All Rights Reserved. Data last updated: 4/3/25 12:05