Active

707 Diablo Ave

Novato CA, 94947

$9,975,000


$615.17 per sqft

Active

16,215 sqft

Multi-family

Built in 1971

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.

324007623

MLS ID

February 21, 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


Buyer Agency Compensation

1.5%

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 The Twin Sister Team | CA DRE# 1895525 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

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