44 Lovell Avenue, Mill Valley, CA 94941, Mill Valley, 94941 - 2 bed, 2 bath
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Mill Valley, CA 94941
Analysis of 44 Lovell Avenue, Mill Valley, CA 94941 is currently available with a list price of $1,495,000. The property maintains a Poor Condition Rating (30/100), indicating the property requires renovation and updates to maximize its market potential. This presents opportunities for value-add investors. 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 Experienced Investors and Fix-and-Flip Specialists.
Property is extensive renovation needed.
Built in 1950 (74 years old) with no evidence of recent renovations. The kitchen features dated cabinetry and appliances likely exceeding 30 years in age, and the exterior wood structures show significant weathering. The listing's emphasis on 'developing the lot' and 'long-term upside' confirms the property requires a total rehab or replacement.
Elementary School: Tamalpais Valley Elementary School (9/10). Middle School: Mill Valley Middle School (9/10).
Situated just one block from downtown Mill Valley and the Depot, this property offers unparalleled walkability to world-class shops, dining, and public transportation.
The unique configuration of two separate studio units provides immediate rental income or the rare opportunity to redevelop the lot into a custom sanctuary.
With only 728 square feet of living space and a small 1,750 square foot lot, the property may feel restrictive for buyers seeking a traditional family home.
The list price of $1.495M represents a significant investment for a 1950s structure of this size, primarily reflecting the premium value of the land and location.
44 Lovell Ave presents the ultimate opportunity to own an iconic property in the heart of Mill Valley in a perfect location. Own on the famous Steps, Lanes and Paths. 44 Lovell Ave, also known as 44 and 46 Madrona, is situated directly on the well known Madrona Steps (MV SLP #49) just one block from downtown Mill Valley and minutes to the Depot, shops, restaurants and public transportation. This unique property can either serve as two income generating rentals, or develop the lot to create your own sanctuary. The lot is approximately 1,750 SF and the current structure consists of one building with two separate studio units. 44 Lovell Ave is a rare and magical property offering long-term upside and an idyllic Mill Valley villager lifestyle.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades PK-5 • 0.8 mi
Grades K-5 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 4.0 | 11% |
| Baths | 2.0 | 3.0 | 35% |
| Square foot | 728 | 2,300 | 2% |
| Lot Size | 1,750 | 10,000 | 2% |
| Price | $1.50M | $2.18M | 18% |
| Price per sq ft | $2.1K | $1.0K | 98% |
| Built year | 1950 | 1959 | 26% |
| HOA | $0 | $0 | 50% |
| Days on market | 27 | 143 | 2% |
May 18, 2026
$1,495,000
Initial Listing