Active
707 Diablo Ave
Novato CA, 94947
$9,200,000
$567.38 per sqft
Active
16,215 sqft
Multi-family
Built in 1971
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.
324007623
MLSⓇ ID
February 6, 2024
Listed
August 23, 2024
Updated
Map
707 Diablo Ave
Novato CA, 94947
Interior Features
Total Stories
0
Laundry Description
In Common Area, Varies by Unit, Washer/Dryer Hookups
Fireplace
No
Cooling
Yes
Cooling Description
Wall Unit(s)
Heating
Yes
Heating Description
Other
Exterior/Building Features
Lot Size
0.76 Acres
Exterior Features
Landscape Front, Shape Irregular, Sidewalk
Lot Features
Landscape Front, Shape Irregular, Sidewalk
Roof
Composition, Shingle
Sewer
Public Sewer
Other Property Details
Area Name
Novato
Garage
No
Parking
Carport, Covered, Off Street, Open, Street
Parking Total
36
View
No
County
Marin
Water Source
Public
Pool
No
Listing History
Date | Event | Price |
---|---|---|
6/17/2024 | Price change | $9,200,000 -3% |
5/10/2024 | Price change | $9,400,000 -5% |
3/18/2024 | Price change | $9,800,000 -2% |
Listed by Steven Level (01184232) with Berkshire Hathaway
Listing Contact:
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