707 Diablo Avenue, Novato, CA

$9,200,000

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16,215

Square feet

0.76

Acres

About 707 Diablo Avenue

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.

Features of 707 Diablo Avenue

MLS® # 324007623
Price $9,200,000
Square Footage 16,215
Acres 0.76
Year Built 1971
Type Residential Income
Sub-Type Apartments
Status Active

Community Information

Address 707 Diablo Avenue
Area Novato
City Novato
County Marin
State CA
Zip Code 94947-4067

Amenities

Parking Spaces 36
Parking Carport, Covered, Open, Street, Off Street
Has Pool No

Interior

Heating Other
Cooling Wall Unit(s)
Fireplace No

Exterior

Lot Description Landscape Front, Shape Irregular, Sidewalk
Roof Composition, Shingle

Listing Map

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Listing courtesy of Steven Level of Berkshire Hathaway

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Listing information last updated on July 22nd, 2024 at 12:02pm CDT.