926 Larkspur Drive, Millbrae, California 94030, Millbrae, 94030 - 3 bed, 2 bath
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926 Larkspur Drive
Millbrae, California 94030
ACTIVE
CONDITION: FAIR
3Beds
2Baths
1,380Sq Ft
6,583Lot Size
Property Price
LIST PRICE$1,725,000
EST. MARKET VALUE
$1,802,527
4% BelowMARKET VALUE
SUMMARY
This elevated ranch-style home presents a High-Potential Investment Opportunity with a List Price of $1,725,000—positioned well below the $1,802,527 Fair Market Value by 4%. This valuation gap offers $77,527 in Instant Equity. Featuring a Fair Condition Rating, the property offers significant expansion potential via its oversized lot and bonus room. Located in the desirable Meadows neighborhood near Top-Rated Schools like Mills High, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking to build value through modernization.
Estimated Market Value
$1,802,527+$77,527 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Millbrae.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 926 Larkspur Drive Subject 3 bd · 2 ba · 1,380 sqft · $1,306 | $1,725,000* List Price | 3 | 2 | 1,380 | $1,306 | - |
A 68 El Bonito Way Sold 2 bd · 2 ba · 1,260 sqft · $1,516 · 0.9 mi | $1,910,000 | 2 | 2 | 1,260 | $1,516 | 0.9 mi |
B 965 Helen Drive Sold 4 bd · 2 ba · 1,930 sqft · $1,051 · 0.1 mi | $2,028,000 | 4 | 2 | 1,930 | $1,051 | 0.1 mi |
C 350 Ludeman Lane Sold 3 bd · 2 ba · 1,660 sqft · $1,241 · 0.9 mi | $2,060,000 | 3 | 2 | 1,660 | $1,241 | 0.9 mi |
D 648 Guadalupe Avenue Sold 3 bd · 1 ba · 1,280 sqft · $1,367 · 0.7 mi | $1,750,000 | 3 | 1 | 1,280 | $1,367 | 0.7 mi |
E 480 Anita Drive Sold 3 bd · 1 ba · 1,290 sqft · $1,434 · 0.7 mi | $1,850,000 | 3 | 1 | 1,290 | $1,434 | 0.7 mi |
F 371 Paramount Drive Pending 3 bd · 2 ba · 1,250 sqft · $1,350 · 0.8 mi | $1,688,000 List Price | 3 | 2 | 1,250 | $1,350 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
Built in 1956, the property is dated and requires modernization. While it features recent cosmetic updates including fresh paint and new carpeting, the kitchen and bathrooms remain dated with older tiled countertops and fixtures. The bonus room features aged wood paneling and drop ceilings, indicating that major systems and rooms are likely over 20-30 years old.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
High School: Mills High School (9/10).
- Prime Location and Schools
Situated in the highly desirable Meadows neighborhood, this home is within walking distance of top-rated schools like Meadows Elementary and Mills High, as well as the Sawyer Camp Trail and local parks.
- Expansion Potential
The oversized 6,583 sq. ft. lot and the inclusion of a spacious downstairs bonus room with a walk-in closet provide significant opportunities for the new owner to expand the living footprint and add value.
CONSRISKS & DEFICIENCIES
- Dated Interior Finishes
The kitchen and bathrooms feature older tiled countertops and laminate flooring, indicating that a substantial investment in remodeling will be required to bring the home up to modern luxury standards.
- Modest Main Living Area
With only 1,380 sq. ft. of primary living space upstairs, the home may feel small for the price point compared to larger contemporary residences in the Millbrae area.
About 926 Larkspur Drive
Elevated Ranch Style Home with Room to Expand. Located on an oversized approximately 6,583 sq. ft. lot in Millbrae's desirable Meadows neighborhood, this 3 bedroom, 2 bath elevated ranch style home offers approx. 1,380 sq. ft. of living space upstairs, plus a spacious downstairs bonus room with a large walk-in closet. Bring your remodeling ideas and make this home your own! Features include a tiled entryway, spacious living room with fireplace, dining area with an adjacent deck, and kitchen with laminate flooring, garden window, and tiled countertops. Fresh interior paint, newly installed carpeting and numerous new light fixtures in 2026, along with double-pane windows, add to the appeal. The primary bedroom suite features a private bath with tile flooring and a shower stall. The hall bathroom offers tiled flooring and a tub with shower enclosure. Enjoy the landscaped backyard with patio and deck, perfect for outdoor relaxation and entertaining. An attached 2 car garage adds convenience. Located within walking distance of Sawyer Camp Trail, Meadows Elementary School, Meadow Swim Club, and Junipero Serra Park. Located in a wonderful neighborhood with highly regarded Millbrae schools. A great opportunity to create your ideal home in a sought-after neighborhood!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1956
- Lot Size
- 6,583 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Millbrae Unified Schools
Meadows Elementary School
Grades K-5 • 0.2 mi
6/10
Green Hills Elementary School
Grades K-5 • 0.7 mi
8/10
El Crystal Elementary School
Grades K-5 • 1.0 mi
0/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.4 |
| Baths | 2.0 | 1.9 |
| Square foot | 1,380 | 1,800 |
| Lot Size | 6,583 | 6,709.35 |
| Price | $1.73M | $2.14M |
| Price per sq ft | $1.2K | $1.3K |
| Built year | 1956 | 1957 |
| HOA | $0 | $0 |
| Days on market | 10 | 30 |
Pricing History
Listed for Sale
Oct 14, 2026
$1,725,000
Initial Listing