
Larkspur, CA 94939
This property presents a High-Potential Investment Opportunity with a List Price of $1,300,000—positioned well below the $1,292,372 Fair Market Value (Note: Market value is slightly below list, indicating a stable, fair-market entry). With a Condition Rating of 5, this 1910-era Single Family Residence requires a total rehab of systems and finishes. The street-to-street lot, backyard pool, and detached guest room provide significant value-add potential. This is a prime acquisition for Fix-and-Flip Investors or Contractors seeking to restore a classic Larkspur asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 40 Sycamore Avenue Subject 2 bd · 1 ba · 1,020 sqft · $1,267 | $1,300,000* List Price | 2 | 1 | 1,020 | $1,267 | - |
A 62 Heather Way Pending 3 bd · 2 ba · 1,306 sqft · $1,149 · 0.5 mi | $1,500,000 List Price | 3 | 2 | 1,306 | $1,149 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1910 and held by the same family since 1969, the home is in original 'vintage' condition with no significant updates in over 50 years. Visible window AC units, dated carpeting, and weathered exterior shingles indicate that the kitchen, baths, and major systems (HVAC/Electric) are well beyond their useful life and require a total rehab.
Situated in the heart of Larkspur at the base of King Mountain, the property offers exceptional walkability to downtown shops and dining in a highly coveted neighborhood.
The street-to-street lot features a private backyard pool and a detached guest room, providing rare utility and flexible space for a home office or studio.
This 1910 original features redwood floors and vintage charm, offering a significant value-add opportunity for buyers looking to restore or reimagine a classic Larkspur residence.
Having been held by the same family for over 50 years, the home likely requires substantial updates to its 1910-era systems and interior finishes to meet modern living standards.
With only two bedrooms and one bathroom across 1,020 square feet, the current configuration may be too restrictive for modern families or those seeking more interior space.
A rare Larkspur original, owned by the same family for over 50 years who moved into the home the day the man walked on the moon, July 20th 1969. Set at the base of King Mountain in the heart of Larkspur, this single-level 2-bedroom, 1-bath home offers an extraordinary opportunity in a beloved location just an easy stroll from downtown. The home retains its warm, vintage character, with redwood floors and a comfortable floor plan that includes a living room, dining room, kitchen and sunroom. A detached guest room offers flexible space for an office, studio or retreat, while the attached garage and lower-level storage provide valuable additional utility. Outside, the street-to-street lot feels wonderfully established, framed by mature landscaping including a dramatic palm and beautiful Japanese maple. The backyard pool and surrounding outdoor spaces create the feeling of a private hideaway while still being remarkably close to town. After more than half a century in one family, this special property is ready for its next chapteran opportunity to restore, reimagine or simply enjoy a piece of classic Larkspur.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 3.0 |
| Baths | 1.0 | 2.8 |
| Square foot | 1,020 | 1,958.563 |
| Lot Size | 4,622 | 6,004 |
| Price | $1.30M | $2.45M |
| Price per sq ft | $1.3K | $1.3K |
| Built year | 1910 | 1945 |
| HOA | $0 | $374 |
| Days on market | 19 | 47 |
Oct 5, 2026
$1,300,000
Initial Listing