Mill Valley, CA — Address Undisclosed
About This Property
This 3-bedroom, 2-bath home offers 1,614 square feet on a generous 0.43-acre lot in Mill Valley. The house is fully livable in its current condition — the roof and water heater are both in good shape — but it needs foundation work and updating throughout to reach its full potential. It will be delivered vacant.
The Opportunity
This is a cosmetic flip with one structural item to handle — the foundation work. The scope of this work has been thoroughly documented, and engineering reports will be included for the buyer, so there are relatively few unknowns. Contact us for more details or to attend our open house the week of September 14th. Best and final offers can be submitted up until noon on Thursday, September 17th.
Lot Split Potential
Beyond the renovation, this 0.43-acre lot may also support a split, subject to Mill Valley's zoning and subdivision requirements. A buyer who confirms feasibility with the city could unlock a second buildable parcel — additional upside on top of the flip itself.
Room to Add Square Footage
The layout could easily be altered to add a hallway and expand a bedroom, in addition to adding an exterior door. CAD drawings will be included for the buyer of this proposed addition. Because this addition would involve adding primarily empty space to the home, construction of this addition is estimated at a comparatively modest $400–$500 per square foot, in a neighborhood where the average sold price per square foot is $1,000 or more. That gap is additional upside for a buyer who wants to pursue it.
Property Highlights
- Price: Offered at $1,150,000 (~70% of ARV)
- Size: 3 bed / 2 bath, 1,614 sqft, built 1956
- Lot: 0.43 acre — potential for a lot split, subject to city approval
- Condition: Livable as-is; needs foundation work and updating throughout
- Roof & water heater: Both in good condition
- Delivery: Delivered vacant
- Estimated repairs: ~$200,000
- Estimated ARV: $1,650,000
- Optional upside: Underutilized space suitable for buildout at an estimated $400–$500/sqft, in a neighborhood where finished sqft commands $1,000+
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