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listing
1 of 43
Residential IncomePending
$2,500,000
555 Larkspur Plaza Drive
Larkspur, CA 94939
Courtesy of Golden Gate Sotheby's International Realty - Michael J Burke
MLS: BAREIS MLS
3Baths
4,214Sq Ft
Est. Mortgage
$13,005/mo

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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Information courtesy of Golden Gate Sotheby's International Realty is subject to verification and is not guaranteed.
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