Sold
555 Plaza Dr
Larkspur CA, 94939
$2,135,000
$506.64 per sqft
Sold
4,214 sqft
Multi-family
Built in 1971
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.
322055836
MLSⓇ ID
February 16, 2024
Updated
Interior Features
Total Stories
0
Appliances
Dishwasher, Free Standing Electric Range, Free Standing Refrigerator
Laundry Description
Coin Operated, In Common Area, Washer/Dryer Leased
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.24 Acres
Exterior Features
Landscape Back, Landscape Front
Lot Features
Landscape Back, Landscape Front
Architectual Style
Contemporary
Roof
Composition
Sewer
Public Sewer
Other Property Details
Area Name
Larkspur
Garage
No
Parking
Carport, Uncovered
Parking Total
8
View
Yes
View Description
Water
County
Marin
Water Source
Public
Pool
No
Buyer Agency Compensation
2.5%
Bought with Sherry S Ramzi with Golden Gate Sotheby's International Realty and Listed by Michael J Burke with Golden Gate Sotheby's International Realty
Listing Contact:
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