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Sold on 12/12/2022
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231 Corte Madera Ave, Corte Madera, CA 94925

  • $1,761,000

    Last sold 12/12/2022 for $2.18M

  • 8

    bed

  • 4

    bath

  • 3,328

    Sqft ($655/Sqft)

Multi-family not for sale
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About 231 Corte Madera Ave

Property type Multi-family
Neighborhood
Year built 1959
HOA fee $0/month
Lot size 10,376 Sqft
Movoto estimate
Property description
Fourplex, Pride of ownership - all 2BR view apartments. Each featuring a very large deck or fenced in patio area overlooking or next to the swimming pool. Situated above the Corte Madera Town Square, this property is only blocks from downtown Larkspur's restaurants and shops. Easy freeway access and commute. Four 2BR/1BA apartments in a two-story building offering views across Corte Madera to the Bay. Originally built in 1959, the property has been substantially remodeled and upgraded through the years. Open the front door into a large living room with a huge picture window overlooking stunning views of the Bay. The dining room, which is open to the living room, has sliding glass doors leading out onto a large, private deck or patio with stairs that access the building's swimming pool, which is surrounded by lovely gardens and a stately palm tree. There are four carport parking spaces and four uncovered off-street spaces for the tenants. Extra storage rooms and an on-site laundry complete the ground floor level. The laundry is owned equipment without the benefit of coin operation. Units are separately metered for, and tenants pay for their own PG&E. Upper units feature open beam ceilings. Two of the apartments have been nicely remodeled, the other two will benefit from upgrades.
Listed by
Listing Agent - Michael J Burke
Listing Office - Golden Gate Sotheby's International Realty
Source: BAREIS mls logo
MLS#322100085 • last updated 3 years ago
Movoto checked BAREIS for data 7 minutes ago
Overview
Cooling/AC None
Heating Central
Levels/Style 0, Contemporary
SqFt 3328
SubType Quadruplex
Type Residential Income
Year Built 1959
MLS # 322100085
Status Closed
On Market Date 2022-11-18
Lot Size (Acres) 0.2382
Lot Size (SqFt) 10376
Condition Updated/Remodeled
Interior
Laundry In Common Area, Washer/Dryer Owned
Exterior
Foundation Block, Concrete
# Covered Spaces 4
# Parking Spaces 8
Parking Attached, Carport, Off Street
# Carport Spaces 4
# Open Parking Spaces 4
Exterior Features Swimming Pool
Lot Desc Landscape Back, Landscape Front
Amenities / Utilities
Water Source Public
Sewer/ Septic Public Sewer
Location
Area Corte Madera
County Marin
APN 025-035-21
Multifamily Details
# of 2-BR Occupied 4
Unit 2: # Bedrooms 2
Unit 4: # of Rooms 5
Unit 4: # Bedrooms 2
Unit 2: # Full Bathrooms 1
Unit 3 Upper Unit Becoming Vacant. Rent At Market Was 2730
Unit 4: # Full Bathrooms 1
2-BR: % Occupied 100
Unit 2: # of Rooms 5
Unit 1 Lower Unit With Huge Patio By Pool
2-BR: Rent Range 2568 - 3100
Unit 1: # Full Bathrooms 1
Unit 3: # Bedrooms 2
Unit 4 Upper Unit, Large Deck Open Beam Ceilings.
Unit 2 Lower Unit With Huge Patio By Pool
Unit 3: # Full Bathrooms 1
Unit 3: # of Rooms 5
Unit 1: # Bedrooms 2
Unit 1: # of Rooms 5
# of Units 4
# of 2-Bedroom Units 4
Total # of Buildings 1
Separate Meters Electricity, Gas
Gross Rent Multiplier 16.5
Tenant Pays Electricity, Gas, Trash Collection
Gross Scheduled Income $ 133500
Cap Rate 3.93
$1.76M
Range: $1.44M-$2.07M
Last 30 days 
  • 231 Corte Madera Ave
    $2.18M
  • A0300
  • 94925
    $2.1M +42% y/y
  • Corte Madera
    $2.1M +36% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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