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555 Larkspur Plaza Drive

Larkspur, CA 94939
  • $2,500,000
  • STATUS: Pending
  • ON SITE: 20 Days
  • ID#: 322055836
Pending
UPDATED: 11 min ago
$2,500,000
  • 3
    BEDS
  • 0.24
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 4,214
    SQFT
  • $593
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:
Area:

School Ratings & Info

Description

Southern Marin investment property at its best. Five waterfront apartments on the Corte Madera Creek with a shared boat dock for your Kayak or canoe. Close to downtown Larkspur with all its restaurants, tennis club and parks. 2BR/2BA owner's unit was recently completely remodeled and expanded featuring a large deck and views of the creek. It would be ideal for an owner occupant or a relative. 4-1BR apartments in good condition but would benefit from upgrades. 1971 construction, lovingly cared for and upgraded through the years. On-site laundry, covered parking and separately metered for PG&E. Two story wood frame with stucco/stone exterior on a concrete foundation with a composition shingle roof. Rents are below market due to the long-term occupancy of some tenants. There is significant upside in the rental income. Rents have not been raised since the start of COVID. Property sits along a creek and is in a flood zone. Larkspur Plaza Drive can have seasonal flooding.

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© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Golden Gate Sotheby's International Realty. Data last updated: 2022-07-04T10:56:55.75.
www.jasonknowsmarin.com/homes/129810489
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555 Larkspur Plaza Drive Larkspur, CA 94939

  • Price: $2,500,000
  • Status: Pending
  • On Site: 20 Days
  • Updated: 11 min ago
  • ID#: 322055836
3
Beds
3
Baths
0
½ Baths
0.24
Acres
4,214
SQFT
$593
$/SQFT
1971
Built
Neighborhood:
Larkspur
County:
Marin
Area:
Larkspur
Property Description
Southern Marin investment property at its best. Five waterfront apartments on the Corte Madera Creek with a shared boat dock for your Kayak or canoe. Close to downtown Larkspur with all its restaurants, tennis club and parks. 2BR/2BA owner's unit was recently completely remodeled and expanded featuring a large deck and views of the creek. It would be ideal for an owner occupant or a relative. 4-1BR apartments in good condition but would benefit from upgrades. 1971 construction, lovingly cared for and upgraded through the years. On-site laundry, covered parking and separately metered for PG&E. Two story wood frame with stucco/stone exterior on a concrete foundation with a composition shingle roof. Rents are below market due to the long-term occupancy of some tenants. There is significant upside in the rental income. Rents have not been raised since the start of COVID. Property sits along a creek and is in a flood zone. Larkspur Plaza Drive can have seasonal flooding.
Exterior Features

Architectural Style Contemporary Carport Spaces 3 Covered Spaces 0 Foundation Details Concrete Independent Parking Spaces 0 Lot Features Landscape BackLandscape Front Open Parking Spaces 0 Parking Features CarportUncovered Parking Total 8 Roof Composition Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 4 2 Bedroom Units Total 1 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Appliances DishwasherFree Standing Electric RangeFree Standing Refrigerator Commercial Units Total 0 Cooling None Heating Central Laundry Features Coin OperatedIn Common AreaWasher/Dryer Leased Studio Units Total 0

Property Features

Association Fee 0 Association YN No Auction No Availability Date 1800-01-01T00:00:00 Gross Income 144100 Property Sub Type 5 Or More Units Property Type Residentialincome Separate Meters ElectricityGas Sewer Public Sewer Subtype Description Apartments Tenant Pays Cable TvElectricityGas Water Source Public

Listing information © 2022 Bay Area Real Estate Information Services.
Listing courtesy of Michael J Burke of Golden Gate Sotheby's International Realty.


© 2022 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Golden Gate Sotheby's International Realty. Data last updated: 2022-07-04T10:56:55.75.
 
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