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 Shana Rohde Lynch shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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