148 California Avenue, Mill Valley, CA 94941, Mill Valley, 94941 - 3 bed, 2 bath
148 California Avenue
Mill Valley, CA 94941
Property Price
SUMMARY
Analysis of 148 California Avenue, Mill Valley, CA 94941 reveals a Prime Investment Opportunity with a current list price of $1,395,000—significantly undercutting the $1,467,303 Fair Market Value by 4%. This valuation gap indicates a +$72,303 Instant Equity potential for buyers. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Mill Valley Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 148 California Avenue Subject | $1,395,000* List Price | 3 | 2 | 1,611 | $911 | - |
A 336 Shoreline Highway Sold | $1,325,000 | 3 | 2 | 1,320 | $1,004 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The property is in move-in ready condition with clear evidence of significant updates. The kitchen features modern stainless steel appliances, stone countertops, and updated cabinetry, while the bathrooms have been modernized with contemporary vanities and tiling. The interior boasts well-maintained hardwood floors and large, updated windows. Although built in 1956, the home has been extensively renovated within the last 5 to 15 years, balancing mid-century charm with modern functionality and showing no signs of deferred maintenance.
PROSSTRENGTHS & OPPORTUNITIES
- Iconic Mountain Views
The property boasts sweeping, unobstructed views of Mount Tamalpais, framed by expansive windows that integrate the stunning natural landscape into the daily living experience.
- Prime Outdoor Lifestyle Location
Situated in the desirable Almonte neighborhood, the home offers immediate proximity to world-class hiking and biking trails, waterfront paths, and the vibrant amenities of Mill Valley.
- Abundant Natural Light
The home's elevated setting and generous use of glass ensure that the interior is flooded with natural light, creating a warm and airy atmosphere across both levels.
CONSRISKS & DEFICIENCIES
- Limited Lot Size
With a lot size of approximately 3,232 square feet, the property offers minimal yard space, which may be a constraint for buyers seeking extensive private outdoor areas or gardens.
- Mid-Century Infrastructure
Built in 1956, the home may require updates to its core systems or cosmetic finishes to align with modern energy efficiency standards and contemporary luxury expectations.
About 148 California Avenue
Nestled in the heart of Almonte, this inviting 3-bedroom, 2-bathroom home captures sweeping views of Mount Tamalpais and is filled with generous natural light throughout. Expansive windows frame the landscape, bringing the outdoors in and creating a warm, airy atmosphere across the living spaces. The main level features the dining area and two bedrooms, offering convenient and flexible living. Upstairs, the living area and primary bedroom take full advantage of the elevated setting, showcasing the home's stunning views and abundant light. Located just moments from hiking and biking trails, waterfront paths, and the vibrant Mill Valley lifestyle, this property is perfectly positioned for those who value movement, nature, and connection. A rare opportunity to enjoy iconic views and an active lifestyle in one of Marin's most sought-after neighborhoods.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 3,232 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 49% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,611 | 2,190 | 24% |
| Lot Size | 3,232 | 8,324 | 5% |
| Price | $1.40M | $2.10M | 15% |
| Price per sq ft | $866 | $1.0K | 25% |
| Built year | 1956 | 1959 | 46% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 172 | 1% |
Pricing History
Listed for Sale
Feb 27, 2026
$1,395,000
Initial Listing
Sold
Jan 22, 1999
$455,000
Public Record
Sold
Dec 1, 1993
$350,000
Public Record