704 Cabin Drive

Fantastic property in a lovely Tam Valley setting that currently lives/rents as two units. Multiple living options: 4BD/2BA SFR, live in one unit and rent the other or a viable 1031 exchange with immediate income. An internal door/stairway connects the two floors. A mostly level lot and 2,113 SF of living space. Both units are tenant-occupied and have a private entrance. Lower unit is on a MTM basis and the upper unit goes MTM on June 30th. Approximately $6.5k of monthly income. The 3BD/1BA upper level rents for $4300/mo. The lower level 1BD/1BA unit rents for $2195/mo. Recent improvements include exterior paint, refinished top and bottom decks, gutters replaced, tree trimming and private driveway parking was just completed. Updated kitchen with stainless appliances, fireplaces on both floors. a 2-car attached garage as well as plentiful off-street parking and room for RV/Boat. Both floors have decks, the lower one was improved in 2019. Laundry for the main house and a separate one for the lower in-law. Utility expenses are allocated pro-rata as the home has one meter (and handled by tenants). Wonderful neighborhood in prime location just minutes from Good Earth, Hook Fish Co, Pizzahacker, Tam Elem and Tam HS. A great opportunity in a family friendly and outdoorsy community.

Days on Market

9 days

Current Status

Active

Original Price

$1,295,000

List Price

$1,295,000

On Market Date

May 16, 2025

Property Type

Single Family Residence

Area

Mill Valley

Zip Code

94941

MLS ID

325043085

APN

049-181-26

Year Built

1956

Stories in Building

Unavailable

Possession

Close Of Escrow, Subject To Tenant Rights

Data Source

BAREIS

Origin MLS System

Bed

4

Bath

2

Parking

6

Attached, Garage Facing Side, Guest Parking Available, Side-by-Side, Uncovered Parking Spaces 2+

SQ FT

2,113

SQ FT Source

Assessor Agent-Fill

Lot SQ FT

5,502.0

Lot Acres

0.1263 Acres

Cooling

None

Fire Place

Brick, Living Room

Heating

Central

Laundry

Dryer Included, Washer Included, See Remarks

Upper Level

Bedroom(s), Dining Room, Family Room, Full Bath(s), Kitchen, Living Room

Main Level

Bedroom(s), Dining Room, Family Room, Full Bath(s), Kitchen, Living Room, Primary Bedroom

Views

Garden/Greenbelt, Hills

Possession

Close Of Escrow, Subject To Tenant Rights

Fee

$0

MLS and other Information regarding properties for sale as shown in Theo have been obtained from various sources such as sellers, public records, agents and other third parties. This information may relate to the condition of the property, permitted or unpermitted uses, zoning, square footage, lot size/acreage or other matters affecting value or desirability. Unless otherwise indicated in writing, neither brokers, agents nor Theo have verified, or will verify, such information. If any such information is important to buyer in determining whether to buy, the price to pay or intended use of the property, buyer is urged to conduct their own investigation with qualified professionals, satisfy themselves with respect to that information, and to rely solely on the results of that investigation.

School data provided by GreatSchools. School service boundaries are intended to be used as reference only. To verify enrollment eligibility for a property, contact the school directly.