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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