Sold
1101 Magnolia Ave
Larkspur CA, 94939
$2,145,000
$444.84 per sqft
Sold
4,822 sqft
Commercial
Built in 1947
RECENT PRICE REDUCTION on this mixed-use investment opportunity in central Marin County, California. This property offers two separate structures on one parcel; a commercial building consisting of approximately 2,800 square feet, and a detached three-unit apartment building, with two single-car garages and additional storage, consisting of approximately 2,173 square feet. The commercial building is in impeccable condition and is suitable for a wide variety of uses. The apartment building contains a studio unit, a one-bedroom unit, and a two-bedroom unit; all are leased on new leases, and offer an upside opportunity to achieve market rents. This offering represents an opportunity for an investor or an owner-user to secure a once-in-a-lifetime investment property in sophisticated Larkspur, California. With ease of access to Highway 101, this charming property sits in a community setting with dining, retail, and all service-related industries within walking distance. This truly is a rare gem, and a must-see! Mixed-use investment: commercial and apartments Convenient and central location in Marin County Excellent demographics Value-add opportunity
323008325
MLSⓇ ID
February 16, 2024
Updated
Map
1101 Magnolia Ave
Larkspur CA, 94939
Interior Features
Total Stories
0
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.14 Acres
Other Property Details
Area Name
Larkspur
Garage
No
Parking Total
0
View
No
County
Marin
Pool
No
Buyer Agency Compensation
2.5%
Bought with Nathan Ballard with Keegan & Coppin Co, Inc and Listed by Nathan Ballard with Keegan & Coppin Co, Inc
Listing Contact:
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Ross Valley Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Bay Area Real Estate Information Services, Inc. all rights reserved.