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11 Commodore Marina

$1,895,000
11 Commodore Marina, Mill Valley, CA 94941
11 Commodore Marina

11 Commodore Marina

$1,895,000

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%.
Jenn Pfeiffer
Jenn Pfeiffer Contact
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Schedule a Showing

We would love to show you our beautiful property. Please select your preferred date and time below. An agent will be in touch shortly to confirm your appointment.
Thank you for your interest in 11 Commodore Marina, Mill Valley, CA 94941. We are reviewing your request and will be in touch shortly!

Features & Amenities

Interior

Total Bedrooms 4
Total Bathrooms 4
Full Bathrooms 4
Laundry Room In Kitchen, Laundry Closet, Sink, Washer/Dryer Stacked Included
Flooring Simulated Wood, Tile
Appliances Built-In Electric Oven, Dishwasher, Disposal, Electric Cook Top, Electric Water Heater, Free Standing Refrigerator, Hood Over Range, Insulated Water Heater, Microwave

Exterior

Water Source Water District
Utilities Cable Connected, DSL Available, Electric, Individual Electric Meter, Internet Available, Solar
ROOF Composition
Parking Assigned
Heat type Heat Pump, Radiant
Air Conditioning Heat Pump
Sewer Sewer Connected
Substructure Other
Disability Features 0
Security Features Double Strapped Water Heater, Fire Extinguisher
Other Exterior Features Storage Area

Area & Lot

Status For Sale
LIVING SPACE 1,440 Sq.Ft.
LOT SIZE 584 Sq.Ft.
MLS® ID 325018421
Type Manufactured-Mobile
Year Built 1967

Financial

SALES PRICE $1,895,000

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