Two-Level Duplex with
For Sale
$1,475,000
11 Shady Lane, Larkspur, CA 94939
Separately accessed living spaces provide individual kitchens, full bathrooms, fireplaces, and outdoor decks.
Property Size1,651 SF
Price / SF$893.40
Days on Market53
Property Features for 11 Shady Lane
General Information
Standard status
Active
Size
1,651 SF
Property subtype
Land
Additional Details
Road Access
Yes
Amenities
deck
Building Details
Stories
2
Listing Agency:
Sterling Royal Real Estate
(916) 296-0421
Listed By:
The Jamison Team
(408) 465-4899
Source:
Tuscanaproperties
Added: Sep 6
Changed: Oct 27
Last Checked: Oct 26 at 4:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sterling Royal Real Estate
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Investment Insights
Based on property information with market context.
This 1,651-square-foot duplex is arranged across two levels, with each residence reached through its own entrance. Both units include a kitchen, full bathroom, fireplace, closet space, and private outdoor living area. The lower residence adds a flexible living room or studio area, walk-in closet, and deck, while the upper unit includes a living room, wraparound deck, and tree views. Vintage gas stoves serve both kitchens and have been professionally inspected and reconditioned.
Set on a wooded cul-de-sac at 11 Shady Lane in Larkspur, the property offers a tranquil residential setting near hiking trails and Dolliver Park. Downtown Larkspur and Corte Madera are minutes away, with local dining and coffee options nearby.
Set on a wooded cul-de-sac at 11 Shady Lane in Larkspur, the property offers a tranquil residential setting near hiking trails and Dolliver Park. Downtown Larkspur and Corte Madera are minutes away, with local dining and coffee options nearby.
Key Highlights
- Duplex configured on two levels with 1,651 square feet
- Each unit has a private entrance, kitchen, full bathroom, fireplace, and deck
- Lower residence includes a flexible living room or studio area and walk‑in closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,416
Cap Rate
3.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,320
$1.1M
Cap Rate 7%
$791,657
$791.7K
Cap Rate 9%
$615,733
$615.7K
Market Conditions
NOI Build-Up for 1,651 SF
Gross rent
$84.2K $51.00/SF
− Vacancy
−$5.0K −$3.05/SF
EGI
$79.2K $47.95/SF
− OpEx
−$23.7K −$14.39/SF
NOI
$55.4K $33.57/SF
Area
Marin County, CA
Vacancy
5.98%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,108,320
Cap Rate 7%
$791,657
Cap Rate 9%
$615,733
Alternative Uses
Best Use
Multifamily LT 5
$791.7K
$692.7K – $923.6K
NOI $55,416 @ 7.0% cap · market cap 3.76%
Second Best
Apartment 5plus
$341.7K
$299.0K – $398.6K
NOI $23,917 @ 7.0% cap · market cap 1.62%
Theoretical Best
Specialty Retail
$8.06M
$7.06M – $9.41M
NOI $564,512 @ 7.0% cap · market cap 38.27%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
591
Businesses Nearby
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Business Placement
Demographics for 94939, CA
7,465
Population
3,691
Households
2
Avg Household Size
48
Median Age
76%
College-Educated
98%
High-School Grad
2.4 sq mi
ZIP Area
3,110
Density / Sq Mi
$182,743
Median Household Income
$84,235
Median Earnings
$3,104
Median Rent
$2,000,001
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separately accessed living spaces provide individual kitchens, full bathrooms, fireplaces, and outdoor decks.
Where is this duplex located?
The property is located at 11 Shady Lane Larkspur, CA.
What is the asking price?
The asking price for this property is $1,475,000.
What are key features of this property?
This property features: Duplex configured on two levels with 1,651 square feet; Each unit has a private entrance, kitchen, full bathroom, fireplace, and deck; Lower residence includes a flexible living room or studio area and walk‑in closet
