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Multifamily

210 Lower Via Casitas

210 Lower Via Casitas, Larkspur, CA 94904

Listing Price: $8,250,000

Cap Rate
5.36%
Number of Units
23
GRM
10.48
Price/Unit
$358,696

Investment Overview

210 Lower Via Casitas is a 23-unit complex that offers all the desired amenities paired with an excellent location. The property boasts an impressive unit mix that consists of (2) Studios, (9) 1 bedroom / 1.25 bathrooms with a den, (11) 2 bedroom / 1.25 bathrooms, and (1) 2 bedroom / 2.5 bathrooms townhome. The combination of large average unit sizes of over 900 square feet each, and strong area schools adds to the overall desirability of the property, further driving robust occupancy. The common area amenities include a pool, elevator, laundry room with three washers and dryers (that accept both cash and credit), along with individual storage lockers in the carport area. The unit amenities include a spacious living room, all-electric kitchen that includes a dishwasher, a walk-in closet in the bedroom, and a balcony or patio.

Investment Highlights

  • Spacious units averaging over 900 square feet each and having either a balcony or patio.
  • 10 of the 23 units have undergone partial interior renovations.
  • New plank flooring, Quartz counter tops, stainless steel appliances and lighting fixtures in select units
  • Affluent area with a median income of over $193,877 annually.

Exclusively Listed By

Financing By

Multifamily

210 Lower Via Casitas

Listing Price: $8,250,000

Cap Rate
5.36%
Number of Units
23
GRM
10.48
Price/Unit
$358,696

Investment Highlights

  • Spacious units averaging over 900 square feet each and having either a balcony or patio.
  • 10 of the 23 units have undergone partial interior renovations.
  • New plank flooring, Quartz counter tops, stainless steel appliances and lighting fixtures in select units
  • Affluent area with a median income of over $193,877 annually.

Investment Overview

210 Lower Via Casitas is a 23-unit complex that offers all the desired amenities paired with an excellent location. The property boasts an impressive unit mix that consists of (2) Studios, (9) 1 bedroom / 1.25 bathrooms with a den, (11) 2 bedroom / 1.25 bathrooms, and (1) 2 bedroom / 2.5 bathrooms townhome. The combination of large average unit sizes of over 900 square feet each, and strong area schools adds to the overall desirability of the property, further driving robust occupancy. The common area amenities include a pool, elevator, laundry room with three washers and dryers (that accept both cash and credit), along with individual storage lockers in the carport area. The unit amenities include a spacious living room, all-electric kitchen that includes a dishwasher, a walk-in closet in the bedroom, and a balcony or patio.

Exclusively Listed By

Financing By

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