Strawberry Knoll Apartments 19 Knoll Ln 24 Unit Apartment Building $15,984,885 CAD ($666,037 CAD/Unit) 5% Cap Rate Mill Valley, CA 94941

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John Garrett of Marcus & Millichap is pleased to offer Strawberry Knoll Apartments, a truly exceptional multifamily property located in Mill Valley, one of the Bay Area's most desirable bedroom communities. The location is superb, tucked back into the Strawberry neighborhood between Tiburon Blvd and the Strawberry Village shopping center. It
offers tremendous tenant convenience, walkability to retail and shopping amenities, proximity to world-class outdoor recreation and open space, and multiple easy commuting options to the economic engine of San Francisco.
The property is comprised of two separate buildings on adjoining parcels separated by a large garden with a beautiful swimming pool, sundeck lounge, and BBQ area. Each building provides an attractive and unique unit offering.
19 Knoll Lane has nine large 2-bedroom/1-bath apartments and three large 1-bedroom/1-bath apartments. The majority of the units have been extensively renovated with
designer finishes, including marble countertops, wide-plank hardwood flooring, and custom tiled bathrooms. There are patios and balconies that overlook the garden courtyard and swimming pool. The building is two stories with wood frame construction and stucco siding, a pitched roof with composite shingles, and a slab foundation. There is surface parking for 12 cars. The property shares access to the swimming pool and laundry room with 1030 Redwood Hwy Frontage Road.
1030 Redwood Hwy Frontage Road is comprised of twelve 1-bedroom/1-bath mid-century modern apartments with open-beam ceilings, large picture windows, and comfortable, open-living floor plans. The majority of the units have been remodeled with new kitchen cabinetry, marble countertops, and hardwood flooring. Each unit has generous closet space, supplemented by large, individual storage closets in the parking area. There is covered parking for 12 cars, plus surface parking for up to five additional cars. The building is three stories with wood frame construction and stucco siding, a pitched tar and gravel roof, and a slab foundation. There is a laundry facility shared by both buildings located on the ground floor.
Strawberry Knoll Apartments offers an exceptional opportunity to acquire a generational asset in a fantastic Southern Marin location.