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11 Commodore Marina, Mill Valley, CA 94941

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For Sale

$1,747,000

4 beds • 4 baths • 1,440 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Mobile/Manufactured Home
    Property type

  • $1,213.19
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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

Courtesy Of Corcoran Global Living, Listed By Jenn Pfeiffer

(855) 437-1704

Property Features

  • Age
    Over 50 Years Old
  • Appliances
    Cooktop, Cooktop - Electric, Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Floor Covering
    Tile, Wood
  • Heating System
    Radiant
  • Lot Size
    0.01 Acres
  • Rooms
    Kitchen, Living Room

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Monthly Payment Breakdown

  • Principle and Interest
    $0
  • Property Taxes
    $0
  • Hazard Insurance
    $0
  • Private Mortgage Insurance
    $0
  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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