19 Knoll LaneMill Valley, CA 94941Price: $11,500,000

Strawberry Knoll Apartments consists of 24 apartments across two buildings on adjoining parcels in Mill Valley. The property is located 2.5 blocks from the Strawberry Village shopping center with convenient access to Highway 101 and nearby recreation. 13 units have been renovated to luxury condo-quality condition. The remaining units have some upgraded finishes and are in generally good to excellent condition. The property has been well maintained, with improvements including plumbing upgrades, a remodeled swimming pool, recent exterior paint, and SB721 repairs. The unit mix includes nine spacious two-bedroom apartments and fifteen one-bedroom apartments. Select residences feature in-unit laundry, vaulted ceilings, remodeled kitchens and bathrooms, and private patios or balconies. Common amenities include a landscaped garden courtyard, swimming pool, shared laundry room, and shaded barbecue area for tenant use. This is a generational investment opportunity ideal for a 1031 exchange buyer, or an investor looking to capitalize on the spillover effect created by the robust San Francisco rental market.