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707 Diablo Avenue

Novato, CA 94947
  • $9,975,000
  • STATUS: Active
  • ON SITE: 26 Days
  • ID#: 324007623
UPDATED: 50 min ago
$9,975,000
  • 0
    BEDS
  • 0.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 16,215
    SQFT
  • $615
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:
Area:

School Ratings & Info

Description

Turn-key 24-Unit apartment complex with rental upside situated at the corner of Diablo Ave and Hill Rd in affluent Marin County. Consisting of two buildings surrounding a central courtyard, the property is located on two adjacent parcels just minutes from Downtown Novato. Comprised of an excellent unit mix of (21) 2BR/1BA units and (3) 1BR/1BA units, the complex features a swimming pool, on-site laundry room, carport parking, individual meters for gas and electric and RUBS utility billing. Fourteen (14) of the units have been fully remodeled with updated kitchens, bathrooms, flooring, and fixtures. Eleven (11) of the remodeled units include a washer and dryer in-unit. All the units feature forced air heating, wall AC units in the living rooms, dual-pane windows throughout and most units have either a deck or fenced patio. Recent property improvements include new decks and railings, new hardscape for all walkways, central courtyard, and surrounding pool area, replacement of all interior electrical panels, updated landscaping, new exterior paint, parking surface and striping, perimeter fencing, mailboxes and building signage. All windows are dual-pane, and the previous ownership fully replaced the swimming pool and installed new roofs on both buildings in 2018.

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© 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Excellerate Real Estate. Data last updated: 2024-03-04T09:56:33.18.
www.solanoregroup.com/homes/147320744
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707 Diablo Avenue Novato, CA 94947

  • Price: $9,975,000
  • Status: Active
  • On Site: 26 Days
  • Updated: 50 min ago
  • ID#: 324007623
0
Beds
0
Baths
0
½ Baths
0.76
Acres
16,215
SQFT
$615
$/SQFT
1971
Built
Neighborhood:
Novato
County:
Marin
Area:
Novato
Property Description
Turn-key 24-Unit apartment complex with rental upside situated at the corner of Diablo Ave and Hill Rd in affluent Marin County. Consisting of two buildings surrounding a central courtyard, the property is located on two adjacent parcels just minutes from Downtown Novato. Comprised of an excellent unit mix of (21) 2BR/1BA units and (3) 1BR/1BA units, the complex features a swimming pool, on-site laundry room, carport parking, individual meters for gas and electric and RUBS utility billing. Fourteen (14) of the units have been fully remodeled with updated kitchens, bathrooms, flooring, and fixtures. Eleven (11) of the remodeled units include a washer and dryer in-unit. All the units feature forced air heating, wall AC units in the living rooms, dual-pane windows throughout and most units have either a deck or fenced patio. Recent property improvements include new decks and railings, new hardscape for all walkways, central courtyard, and surrounding pool area, replacement of all interior electrical panels, updated landscaping, new exterior paint, parking surface and striping, perimeter fencing, mailboxes and building signage. All windows are dual-pane, and the previous ownership fully replaced the swimming pool and installed new roofs on both buildings in 2018.
Exterior Features

Carport Spaces 24 Covered Spaces 0 Independent Parking Spaces 0 Lot Features Landscape FrontShape IrregularSidewalk Open Parking Spaces 12 Parking Features CarportCoveredOff StreetOpenStreet Parking Total 36 Roof CompositionShingle Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 3 2 Bedroom Units Total 21 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling Wall Unit(s) Heating Other Laundry Features In Common AreaVaries by UnitWasher/Dryer Hookups Studio Units Total 0

Property Features

Association Fee 0 Association YN No Auction No Gross Income 773055 Property Sub Type 5 or More Units Property Type ResidentialIncome Separate Meters ElectricityGas Sewer Public Sewer Subtype Description Apartments Water Source Public

Listing information © 2024 Bay Area Real Estate Information Services. Listing courtesy of Steven Level of Berkshire Hathaway: .


© 2024 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Excellerate Real Estate. Data last updated: 2024-03-04T09:56:33.18.
 
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