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$2,300,000
555 Larkspur Plaza Dr, Larkspur, CA 94939
0 Beds
0 Baths
4,214 SqFt

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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.
  • Price:
  • $2,300,000
  • Square Footage:
  • 4,214
  • Acreage:
  • 0.24
  • Year Built:
  • 1971
  • Listing ID #:
  • 322055836
  • Street Address:
  • 555 Larkspur Plaza Dr
  • City:
  • Larkspur
  • State:
  • California
  • Postal Code:
  • 94939
  • County:
  • Marin
  • Community:
  • Larkspur
  • Listing Status:
  • Pending
  • Listing Type:
  • Residential Income
  • Architecture Style:
  • Contemporary
  • Foundation:
  • Concrete
  • Number Of Units:
  • 5
  • Total # Of Buildings:
  • 1
  • Total Building Square Footage:
  • 4214
  • Type Of Roof:
  • Composition
  • Unit1 Bedrooms:
  • 1
  • Unit1 Features:
  • Four 1-Br, Rented $1700 - 2150.
  • Unit1 Full Bathrooms:
  • 1
  • Unit1 Total Rooms:
  • 3
  • Unit2 Bedrooms:
  • 2
  • Unit2 Features:
  • 1-2br/2ba Remodeled Unit
  • Unit2 Full Bathrooms:
  • 2
  • Unit2 Total Rooms:
  • 4
  • Year Built:
  • 1971
  • Year Built Source:
  • Assessor Auto-Fill
  • Gross Income:
  • 144100
  • Approximate Lot Size Range Source:
  • Assessor Auto-Fill
  • Lot Features:
  • Landscape Back, Landscape Front
  • Lot Measurement Type:
  • Acres
  • Lot Square Footage:
  • 10489
  • On Market Date:
  • 2022-06-13
  • Originating Mls:
  • Bareis Mls
  • Price Per Acre:
  • 9551495.02
  • Price Per Square Foot:
  • 545.80
  • Tenant Pays:
  • Cable Tv, Electricity, Gas
  • Laundry Description:
  • Coin Operated, In Common Area, Washer/Dryer Leased
  • Number Of Carport Spaces:
  • 3
  • Parking Description:
  • Carport, Uncovered
  • Parking Spaces:
  • 8
  • Appliances:
  • Dishwasher, Free Standing Electric Range, Free Standing Refrigerator
  • Existing Water:
  • Public
  • Heating:
  • Central
  • Sewage Type:
  • Public Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing Courtesy of Michael J Burke with Golden Gate Sotheby's International Realty
  • Copyright 2022, Bay Area Real Estate Information Services, Inc. All Rights Reserved. CABAREIS

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