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158-164 E Blithedale Ave 6,000 SF 100% Leased Retail Building Mill Valley, CA 94941 $3,837,148 CAD ($639.52 CAD/SF) 5.20% Cap Rate
Executive Summary
Price reduced! One unit will now be delivered vacant; now a 5.2% CAP. 158-160 E. Blithedale Avenue is an extremely rare mixed-use opportunity in downtown Mill Valley. The property consists of 12 total units six apartments and six office/retail suites across three buildings totaling approximately 5,760 SF. With a long history of stable tenancy and a strong mix of residential and commercial uses, this asset combines steady in-place income with significant upside potential through rent growth and modernization. Apartments are tucked away off the street for privacy, while retail and office spaces enjoy excellent street visibility on a high-traffic corridor. The property has been well-maintained with updates to units, dual-pane windows, and modern features. Amenities include covered parking, private decks, in-unit laundry in select apartments, and a communal pergola-shaded picnic area that creates a sense of community. Some units enjoy views of the redwoods and surrounding hillsides. This is a rare chance to own a private-feeling income property in the heart of Mill Valley, combining lifestyle appeal with investment fundamentals.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,000 SF
Building Class
C
Year Built
1950
Price
$3,837,148 CAD
Price Per SF
$639.52 CAD
Cap Rate
5.20%
NOI
$199,532 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.74
Lot Size
0.19 AC
Zoning
PA, Mill Valley
Parking
7 Spaces (1.19 Spaces per 1,000 SF Leased)
Frontage
60’ on Blithedale
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 028-024-03 | Improvements Assessment | $678,938 CAD |
| Land Assessment | $1,155,687 CAD | Total Assessment | $1,834,625 CAD |
Property Taxes
Parcel Number
028-024-03
Land Assessment
$1,155,687 CAD
Improvements Assessment
$678,938 CAD
Total Assessment
$1,834,625 CAD
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158-164 E Blithedale Ave
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