Larkspur, CA 94939,555 Larkspur Plaza DR
Listed by Michael J Burke • Golden Gate Sotheby's International Realty
Bought with Sherry S Ramzi • Golden Gate Sotheby's International Realty
$2,135,000
$2,300,000
7.2%
Est.Price: ?

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1,200 BD
3 BA
4,214 SqFt

555 Larkspur Plaza DR Larkspur, CA 94939

Est. payment /mo
SOLD DATE : 09/06/2022

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Key Details

Sold Price $2,135,000

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 4,214 sqft

Price per Sqft $506

MLS Listing ID 322055836

Sold Date 09/06/22

Bedrooms 1200

HOA Y/N No

Year Built 1971

Lot Size 10,489 Sqft

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.

Location

State CA

County Marin

Area Larkspur

Interior

Heating Central

Cooling None

Exterior

Garage Carport, Uncovered

Garage Spaces 8.0

Roof Type Composition

Building

Foundation Concrete

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Others

Special Listing Condition Probate Listing

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Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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