Six-Unit Multifamily
For Sale
$4,250,000
401 Pine St, Mill Valley, CA 94941
Well-maintained multifamily asset with varied layouts, private outdoor areas, parking, and resident-focused amenities.
Property Size9,220 SF
Lot Size0.57 Acres
Days on Market47
Property Features for 401 Pine St
General Information
Standard status
Active
Size
9,220 SF
Lot size
0.57 Acres
Property subtype
Investment
Units
Unit Mix
4 x 3BR/2BA, 2 x 4BR/3BA
Multifamily Units
6
Amenities
garages
in-unit laundry
patios
balconies
off-street parking
community gathering space
Building Details
Building Size
9,220 SF
Year Built
1977
Stories
2
Units
6
Listed By:
Katherine Y Raphael
(415) 259-9891
Source:
Elliman
Added: Sep 12
Changed: Oct 26
Last Checked: Oct 26 at 4:04PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Katherine Y Raphael
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Investment Insights
Based on property information with market context.
Pine Grove Residences is a 6-unit multifamily property built in 1977 on a 0.57-acre lot in Mill Valley. The unit mix includes four 3-bedroom/2-bath flats and two 4-bedroom/3-bath townhomes, providing a combination of conventional flat and townhouse-style layouts.
Property features include garages, in-unit laundry, patios, balconies, ample off-street parking, and a community gathering space. The property is located 8 miles north of San Francisco in Southern Marin County, with a Walk Score of 57 and a Bike Score of 41.
Property features include garages, in-unit laundry, patios, balconies, ample off-street parking, and a community gathering space. The property is located 8 miles north of San Francisco in Southern Marin County, with a Walk Score of 57 and a Bike Score of 41.
Key Highlights
- 6‑unit multifamily property on a 0.57‑acre lot
- Four 3‑bedroom/2‑bath flats and two 4‑bedroom/3‑bath townhomes
- Built in 1977
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,562
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,671,240
$2.7M
Cap Rate 7%
$1,908,029
$1.9M
Cap Rate 9%
$1,484,022
$1.5M
Market Conditions
NOI Build-Up for 9,220 SF
Gross rent
$257.8K $27.96/SF
− Vacancy
−$15.0K −$1.62/SF
EGI
$242.8K $26.34/SF
− OpEx
−$109.3K −$11.85/SF
NOI
$133.6K $14.49/SF
Area
Marin County, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,671,240
Cap Rate 7%
$1,908,029
Cap Rate 9%
$1,484,022
Alternative Uses
Best Use
Apartment 5plus
$1.91M
$1.67M – $2.23M
NOI $133,562 @ 7.0% cap · market cap 3.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$45.04M
$39.41M – $52.54M
NOI $3,152,514 @ 7.0% cap · market cap 74.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
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Business Placement
Demographics for 94941, CA
31,480
Population
13,860
Households
2.3
Avg Household Size
47
Median Age
77%
College-Educated
99%
High-School Grad
37.7 sq mi
ZIP Area
835
Density / Sq Mi
$210,217
Median Household Income
$100,535
Median Earnings
$2,949
Median Rent
$1,990,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Well-maintained multifamily asset with varied layouts, private outdoor areas, parking, and resident-focused amenities.
Where is this apartment building located?
The property is located at 401 Pine St Mill Valley, CA.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: 6‑unit multifamily property on a 0.57‑acre lot; Four 3‑bedroom/2‑bath flats and two 4‑bedroom/3‑bath townhomes; Built in 1977
