11 Commodore Marina, Mill Valley, CA 94941
Local realty services provided by:CENTURY 21 Kobetz Realty
11 Commodore Marina,Mill Valley, CA 94941
$1,747,000
- 4 Beds
- 4 Baths
- 1,440 sq. ft.
- Mobile / Manufactured
- Active
Listed by: jenn pfeiffer
Office: corcoran icon properties
MLS#:325018421
Source:CABAREIS
Price summary
- Price:$1,747,000
- Price per sq. ft.:$1,213.19
About this home
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%.
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Home facts
- Year built:1967
- Listing ID #:325018421
- Updated:December 13, 2025 at 03:43 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Living area:1,440 sq. ft.
Structure and exterior
- Year built:1967
- Building area:1,440 sq. ft.
- Lot area:0.01 Acres
Utilities
- Water:Water District
Finances and disclosures
- Price:$1,747,000
- Price per sq. ft.:$1,213.19
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