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707 Diablo Avenue

Novato, CA 94947
  • $9,200,000
  • STATUS: Active
  • ON SITE: 159 Days
  • ID#: 324007623
$9,200,000
  • 0
    BEDS
  • 0.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 16,215
    SQFT
  • $567
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1971
County:
Area:

School Ratings & Info

Description

Newly renovated 24-Unit apartment complex with rental upside located in affluent Marin County, one of the strongest and most coveted rental markets in the Bay Area. Comprised of an excellent unit mix of twenty-one (21) 2-bedroom, 1-bath units and three (3) 1-bedroom, 1-bath 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, paint, fixtures, and lighting. Eleven (11) of the remodeled units have been upgraded with an in-unit stacked washer and dryer. 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 patios, hardscaping, landscaping, exterior paint, parking surface and striping, perimeter fencing, mailboxes, and building signage. The current ownership has invested over $800,000 in overall property improvements, and the previous ownership fully replaced the swimming pool and installed new roofs on both buildings in 2018.

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Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-07-14T23:56:21.563.
www.solanoregroup.com/homes/147320744
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707 Diablo Avenue Novato, CA 94947

  • Price: $9,200,000
  • Status: Active
  • On Site: 159 Days
  • ID#: 324007623
0
Beds
0
Baths
0
½ Baths
0.76
Acres
16,215
SQFT
$567
$/SQFT
1971
Built
Neighborhood:
Novato
County:
Marin
Area:
Novato
Property Description
Newly renovated 24-Unit apartment complex with rental upside located in affluent Marin County, one of the strongest and most coveted rental markets in the Bay Area. Comprised of an excellent unit mix of twenty-one (21) 2-bedroom, 1-bath units and three (3) 1-bedroom, 1-bath 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, paint, fixtures, and lighting. Eleven (11) of the remodeled units have been upgraded with an in-unit stacked washer and dryer. 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 patios, hardscaping, landscaping, exterior paint, parking surface and striping, perimeter fencing, mailboxes, and building signage. The current ownership has invested over $800,000 in overall property improvements, 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 772875 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: .


Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2024-07-14T23:56:21.563.
 
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