
Mill Valley, CA 94941
Analysis of 4 Bayview Avenue, Mill Valley, CA 94941 is currently available with a list price of $2,900,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Property is moderate renovation needed.
Built in 1936, this multi-unit property is functional but dated. The kitchen features older cabinetry, tile countertops, and vinyl flooring consistent with a renovation older than 20 years. The mention of gas gravity furnaces indicates antiquated heating systems that likely require modernization, placing the overall condition in the fair category.
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
Situated in the heart of Mill Valley, the property offers exceptional walkability to the Town Square, Mill Valley Market, and local boutiques, making it highly attractive for premium tenants.
With all units individually metered for water, gas, and electricity, and tenants responsible for all utility payments, the owner benefits from significantly reduced overhead and simplified management.
Built in 1936, the property likely requires ongoing maintenance and capital improvements to address the wear and tear associated with a 90-year-old structure.
The use of gas gravity furnaces is an older, less efficient heating method that may eventually necessitate costly upgrades to modern forced-air or heat pump systems.
offers to be reviewed upon submission. 4 Bayview Avenue is a distinctive four-unit residential property consisting of three separate structures on a single parcel in the heart of downtown Mill Valley. The improvements include two detached homes and one duplex, complemented by four individual garage spaces with loft storage and one additional exterior parking space. Located steps from City Hall, the Town Square, Mill Valley Market, and the area's renowned restaurants and shops, the property offers an exceptional combination of privacy, character, and walkable convenience. Each residence is individually metered for water, gas, and electric and is served by its own water heater and gas gravity furnace. Tenants are responsible for paying electricity, gas, water, and garbage service, minimizing owner operating expenses.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades PK-5 • 0.7 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
Aug 17, 2026
$2,900,000
Initial Listing