401 Pine Street, Mill Valley, CA 94941, Mill Valley, 94941 - 0 bed, 0 bath
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401 Pine Street
Mill Valley, CA 94941
ACTIVE
CONDITION: FAIR
0Beds
0Baths
9,220Sq Ft
24,807Lot Size
Property Price
LIST PRICE$4,250,000
EST. MARKET VALUE
$4,275,759
SUMMARY
This High-Potential Investment Opportunity is a Residential Income Asset listed at $4,250,000, positioned well below the $4,275,760 Fair Market Value by 0.6%. Featuring a rare mix of 3-bedroom and 4-bedroom units, the property offers $25,760 in Instant Equity. With a Condition Rating of 4, the property provides significant value-add potential through cosmetic updates. Located in a top-tier school district near Tamalpais High, this is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking long-term rental demand.
Estimated Market Value
$4,275,759
Based on Realkey algorithm analyzing recent comparable sales in Mill Valley.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 401 Pine Street Subject 0 bd · 0 ba · 9,220 sqft · $464 | $4,250,000* List Price | 0 | 0 | 9,220 | $464 | - |
A 301 Poplar St Active 0 bd · 0 ba · 5,869 sqft · $511 · 0.1 mi | $3,000,000 List Price | 0 | 0 | 5,869 | $511 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1977, the property is well-maintained but clearly dated. Interior images show kitchens and bathrooms with older laminate countertops, basic white cabinetry, and aging appliances that appear to be 20+ years old. While functional and move-in ready for tenants, the units require cosmetic updates to reach modern standards.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: Park Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
- Rare Unit Composition
The property features an exceptional mix of large three and four-bedroom units, which are highly desirable for families and long-term tenants, offering a competitive edge over typical smaller apartment footprints.
- Prime Location and Schools
Located in a coveted Southern Marin enclave just 8 miles from San Francisco, the property is served by top-tier schools, including Tamalpais Valley Elementary and Mill Valley Middle School, ensuring high tenant demand.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =24807, other record lot size in square feet = 7751. Living area discrepancy between mls listing and other public or private record. mls listing living area = 9220, other record living area = 2826.
- Aging Infrastructure
Built in 1977, the property may require significant capital expenditures for deferred maintenance or system upgrades to meet modern efficiency standards and tenant expectations.
- High Entry Price Point
At a list price of $4.25 million, the high per-unit cost may result in a lower initial capitalization rate, necessitating a sophisticated long-term investment strategy to realize projected returns.
About 401 Pine Street
Just 8 miles north of San Francisco, in the coveted Southern Marin County city of Mill Valley, Pine Grove Residences is a well-maintained 6-unit property featuring a rare mix of four 3-bedroom/2-bath flats and two 4-bedroom/3-bath townhomes on a 0.57 acre lot. Amenities include garages, in-unit laundry, patios, balconies, ample off-street parking, and community gathering space. Pine Grove Residences offers an attractive investment opportunity with strong fundamentals and substantial upside potential.
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1977
- Lot Size
- 24,807 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Mill Valley Unified Schools
Tamalpais Valley Elementary School
Grades K-5 • 0.5 mi
9/10
Edna Maguire Elementary School
Grades K-5 • 2.0 mi
8/10
Old Mill Elementary School
Grades K-5 • 2.1 mi
8/10
Sensitive Facilities
No sensitive facilities data found.
Pricing History
Listed for Sale
Sep 11, 2026
$4,250,000
Initial Listing