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

July 13, 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:  

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Anthony Boscarino shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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