Based on current 2026 rental market data, Mill Valley remains one of Marin County’s strongest small-unit rental markets, with consistently high demand driven by affluent demographics, limited inventory, and proximity to San Francisco.

Current Mill Valley Rental Benchmarks:

Studios: Approximately $2,300–$3,171/month depending on size, location, and amenities 
1-Bedroom Units: Approximately $2,767–$3,256/month 
Market data varies slightly by source, but most platforms agree that Mill Valley commands premium rents relative to surrounding Marin communities due to lifestyle appeal, commuter convenience, and constrained housing supply. 

 
How 407 Maple St Compares:

Subject Property Current & Projected Rents:

Studios:

Unit #1  $2,170 (rented)
Unit #2 $2,200 (rented)
Unit #3 $2,230 (rented)
Unit #4 $2,280 (vacant, showing)
Unit #5 $2,200 (rented)
1-Bedroom: $2,600 (vacant, showing)
 
Investor Analysis:

Strengths:

✔ Current rents are slightly below broader Mill Valley premium averages, suggesting:

Potential for gradual rent optimization 
Future income growth through turnover or strategic upgrades 
Built-in value-add opportunity without major repositioning 
✔ Studios are generally competitive with more affordable local listings while still under top-tier luxury pricing.

✔ The 1-bedroom unit appears modestly under market compared to upper-tier Mill Valley averages, offering upside.

 
Opinion:

407 Maple appears well-positioned as a stable cash-flow asset with moderate rent growth potential rather than an over-leveraged, fully maxed-out property.

For investors, this can be highly attractive because:

Immediate income is already strong 
Existing rents reduce aggressive tenant turnover risk 
Upside exists through incremental increases 
Mill Valley’s scarcity and affluent renter base support long-term appreciation 
 
Potential Strategic Upside:

If units are further modernized or repositioned, rents could potentially trend toward:

Studios: $2,400–$2,800+ 
1-Bedroom: $2,900–$3,200+ 
This could materially improve NOI over time, especially in a low-inventory submarket.

 
Bottom Line:

407 Maple St appears conservatively rented relative to Mill Valley’s upper market range, creating an appealing blend of:

Cash Flow + Stability + Value-Add Potential

For multifamily investors or 1031 exchange buyers, this pricing structure suggests the property may offer stronger long-term operational upside than fully stabilized competing assets.

In practical terms:
This is not just a premium Marin asset—it may also represent an opportunity to increase yield over time while benefiting from one of the Bay Area’s most resilient rental markets.

NOTICE TO INVESTORS: The information contained in this Offering Memorandum has been compiled from sources deemed reliable; however, some information and financial projections may not be exact. Buyers are advised that all figures, including square footage, income, and expenses, are approximate.

SERIOUS BUYERS ARE EXPRESSLY DIRECTED TO CONDUCT THEIR OWN INDEPENDENT DUE DILIGENCE. Neither the Seller nor On The Bay Real Estate / Epique Realty makes any representation or warranty as to the absolute accuracy of this data.