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.
Property Details
Property Features
Property Information:
Year Built: 1971
Living Area: 16,215 SqFt
Listing Office:
Office Name: Berkshire Hathaway
Office Phone: (415) 329-6790, 0
Listing Agent: Steven Level
Exterior Features
Parking Information:
Parking: Carport, Covered, Off Street, Open, Street
Lot Features
Lot Information:
Lot: Sidewalk
Lot Size: 0.76 Acres
Utilities
Utilities Information:
Heating: Other
Cooling: Wall Unit(s)
Other
Directions Information:
Directions: Corner of Diablo Ave and Hill Rd in Novato, CA
Price Information
Listing Price Info
Price Summary:
List Price: $9,800,000
Price Per SqFt: $604/SqFt
Tax Information:
Annual Amount: $78,049
Tax Year: 2021
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Housing Market Comparison
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Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 06, 2019
Sep 06, 2019Home Sold
$8,305,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$78,049
$5,073,759
2020
$76,981
$5,021,800
2019
$33,391
$1,480,405
2018
$32,566
$1,451,450
2017
$32,566
$1,423,062
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Rancho Elementary School
1430 Johnson St
Distance between this listing and this school0.39 miles
Public District Grades KG-5
4
/10
Lu Sutton Elementary School
1800 Center Rd
Distance between this listing and this school0.72 miles
Public District Grades KG-5
4
/10
Lynwood Elementary School
1320 Lynwood Dr
Distance between this listing and this school1.15 miles
Public District Grades KG-5
Nearby Schools
6
/10
Sinaloa Middle School
2045 Vineyard Rd
Distance between this listing and this school1.21 miles
Public District Grades 6-8
5
/10
San Jose Intermediate School
1000 Sunset Pkwy
Distance between this listing and this school1.53 miles
Public District Grades 6-8
3
/10
Hamilton Meadow Park
1 Main Gate Rd
Distance between this listing and this school3.98 miles
Public District Grades KG-8
Nearby Schools
7
/10
Novato High School
625 Arthur St
Distance between this listing and this school0.60 miles
Public District Grades 9-12
8
/10
San Marin High School
15 San Marin Dr
Distance between this listing and this school2.28 miles
Public Magnet Grades 9-12
6
/10
Terra Linda High School
320 Nova Albion Way
Distance between this listing and this school6.87 miles
The neighbors living near this home have an average income of $79,097. The most common annual income of people living in Novato, CA is between $35k-100k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
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This home is located at 707 Diablo Ave in Novato, CA and zip code 94947 in the Central Novato neighborhood. This 16,215 square foot home, which was built in 1971, sits on a 0.76 acre lot. It has been listed on Rocket Homes since February 06, 2024 and is currently priced at $9,800,000.
Over 15 listings were sold over their listed price in March 2024 in Novato, CA. In the same period over 11 listings were sold below the listed price and 7 listings were sold for the listed price. The inventory of homes for sale in Novato, CA between February 2024 and March 2024 increased by 17.4%. While the average time on the market in March 2024 was 40 days, the median list price was $1,000,000.
From Rocket Homes Real Estate and based on county public records data.
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