Larkspur - 4 Units
245 Magnolia Avenue

Location, Location, Location. Ideal investment property, live in one or great place for family to stay close by in Marin. Four one-bedroom apartments just a block from historic downtown Larkspur. Covered parking and on-site laundry plus an extra office. Private fenced patios. F/A heat and individual hot water heaters. Excellent condition with many recent upgrades.

Download PDF Brochure for complete rent and expense information.

It does not get much better than this: Directly across the street from the Lark Creek Inn and Shops. Just a block to historic downtown Larkspur with all of its wonderful restaurants, stores and The Lark Theater.

An eastern exposure allows the morning sunshine to filter through the towering redwoods. Carved into a moderate hillside, the second story level apartments offer views beyond the shops and the street below.

Built in 1961, this four-plex has been lovingly cared for and upgrade through the years. It is two story wood frame construction with a stucco exterior and a flat tar & gravel roof. The four apartments are on the second floor above six-car carport parking.

All apartments are a one-bedroom design and feature a private fenced entrance patio, hardwood floors, individual F/A furnace and water heaters and hardwood floors. There is a laundry room on the ground floor and an extra storage/office space for the owner or one of the tenants. Extra storage lockers are provided in the carports area.

The property appears to be in excellent overall condition. Recent upgrades to the property include dual pane windows, exterior paint, furnaces, water heaters and electrical sub-panels and GFIs in baths and kitchens. The plumbing appears to be copper (original or upgrade). The kitchens in units 1 & 4 have been remodeled as have many bathrooms. The roof was replaced in 1997. Apartments are individually metered and tenants pay for their own PG&E.

From US 101, Corte Madera/Larkspur exit west to downtown Larkspur. On your left just after you go through the Redwoods (Madrone Canyon).

Easy to see by appointment with listing agent. All four units are tenant occupied. A representative unit will be made available to see after reviewing this brochure and driving by the property. Showings require a minimum of 24 hours advance notice to tenants by the listing agent.