Listed by Nathan Ballard • Keegan & Coppin Co, Inc
Bought with Nathan Ballard • Keegan & Coppin Co, Inc

$2,145,000

Est. payment -/mo

$2,300,000

6.7%

Est.Price: ?

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1101 Magnolia AVE Larkspur, CA 94939

4,822 SqFt

SOLD DATE : 07/26/2023

Key Details

Sold Price $2,145,000

Property Type Commercial

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Square Footage 4,822 sqft

Price per Sqft $444

MLS Listing ID 323008325

Sold Date 07/26/23

HOA Y/N No

Year Built 1947

Property Description

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