1304-1306 Leafwood Drive

Novato, CA 94947

$3,150,000
Price
Beds
7,700 Sq. Ft.
$409 / Sq. Ft.
7,700
Sq. Ft.
$409
per Sq. Ft.

Description

6.07% Starting Cap Rate in Marin County! Excellent investment opportunity to own an upgraded 12-unit apartment complex with rental upside in coveted Marin County. Highlighted by a unit mix of eight (8) 2-bedroom, 1-bath units and four (4) 1-bedroom, 1-bath units, the subject property consists of two buildings located on three separate parcels in central Novato, CA. The property has undergone substantial renovations in the last few years including new roofs, new exterior stairways and decks, updated...6.07% Starting Cap Rate in Marin County! Excellent investment opportunity to own an upgraded 12-unit apartment complex with rental upside in coveted Marin County. Highlighted by a unit mix of eight (8) 2-bedroom, 1-bath units and four (4) 1-bedroom, 1-bath units, the subject property consists of two buildings located on three separate parcels in central Novato, CA. The property has undergone substantial renovations in the last few years including new roofs, new exterior stairways and decks, updated hardscape throughout including a newly paved courtyard, dual-pane windows in all units, new exterior paint and drought resistant landscaping. Two of the units have full interior remodels and four additional units have new flooring. The apartment complex features an on-site laundry room, carport parking and separate meters for gas and electric.
  1. Listed by Steven Level • DRE #01184232 • Brokerage DRE #01499008 • Berkshire Hathaway

Property Details for 1304-1306 Leafwood Drive

Cross Street
Sunset Pkwy
Total Parking Spaces
12

Location

Listing Courtesy of Berkshire Hathaway, Steven Level, DRE #01184232
Add your commute
LISTING UPDATED: 05/17/2024 03:34 PM

Property Details for 1304-1306 Leafwood Drive

StatusContingent - No Show
MLS #324023387
Days on Compass4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1960
Lot Size0.37 AC / 16,138 SF
CountyMarin County

Location

Listing Courtesy of Berkshire Hathaway, Steven Level, DRE #01184232
Add your commute

Building Information for 1304-1306 Leafwood Drive

Stories-Residences-Year Built1960Building Size-Lot Size0.37 AC / 16,138 SF

Payment Calculator

$17,191 per month

30 year fixed, 7.25% Interest

Principal and Interest

$17,191

Property Taxes

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1304-1306 Leafwood Drive

Summary
Location and General Information
  • Area/District: Novato
  • Area Short Display: A1700
  • Directions to Property: 1304-1306 Leafwood Dr, Novato, CA
  • Area Long Display: Novato
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 152-111-04
Parking
  • Parking Features: Covered, Off Street, Open, Street, Uncovered
  • Carport Spaces: 8
  • Garage Spaces: 0
  • Open Parking Spaces: 4
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 7700.0
  • Square Footage Source: Assessor Agent-Fill
  • Year Built Source: Assessor Agent-Fill
  • Lot Size Source: Assessor Agent-Fill
  • Lot Size Square Feet: 16139.0
  • Lot Features: Landscape Front, Shape Regular
Property and Assessments
  • Picture Count: 35
  • Property Disclaimer: Information has not been verified, is not guaranteed, and is subject to change. Any offer of compensation is made exclusively to Broker Participants of the MLS where the subject listing is filed.<BR> Copyright &copy; 2024 Bay Area Real Estate Information Services, Inc. All rights reserved.<BR>Copyright</A> &copy;2024 <A name="trans">Rapattoni Corporation. All rights reserved.</A><BR>U.S. Patent 6,910,045
  • Actual or Scheduled: Actual
  • Gross Rent Multiplier: 10.31
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
  • Separate Meters: Electricity, Gas
Interior and Exterior Features
Exterior Features
  • Levels: Two
  • Roof: Flat
  • # of Floors: 0
Interior Features
  • Heating: Wall Furnace
  • Cooling: None
  • Laundry Features: Coin Operated, In Common Area
  • # of Guest Space(s): 0
  • Window Features: Dual Pane Full
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 4
  • 1 Bedroom Rent Range: 1903-2087
  • 1 Bedroom Annual Occupancy: 97.00%
  • # of 1 Bedrooms Occupied: 3
2 Bedroom Unit
  • # of 2 Bedroom Units: 8
  • 2 Bedroom Rent Range: 2021-2450
  • 2 Bedroom Annual Occupancy: 97.00%
  • # of 2 Bedrooms Occupied: 8
3 Bedroom Unit
  • # of 3 Bedroom Units: 0
  • 3 Bedroom Rent Range: 0
  • 3 Bedroom Annual Occupancy: .00%
  • # of 3 Bedrooms Occupied: 0
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $311,309.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 2
  • # Of Units Total: 12
  • # of Studio Units: 0
  • # Studios Occupied: 0
Unit 1
  • Unit 1 Bedrooms: 0
  • Unit 1 Description: 0
  • Unit 1 Full Baths: 0
  • Unit 1 Partial Baths: 0
  • Unit 1 # of Rooms: 0
  • Unit 1 Approx SqFt: 0
Unit 2
  • Unit 2 Bedrooms: 0
  • Unit 2 Description: 0
  • Unit 2 Full Baths: 0
  • Unit 2 # of Rooms: 0
  • Unit 2 Approx SqFt: 0
Unit 3
  • Unit 3 Bedrooms: 0
  • Unit 3 Full Baths: 0
  • Unit 3 Partial Baths: 0
  • Unit 3 # of Rooms: 0
  • Unit 3 Approx SqFt: 0
Unit 4
  • Unit 4 Bedrooms: 0
  • Unit 4 Full Baths: 0
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 0
  • Unit 4 Approx SqFt: 0

Property History for 1304-1306 Leafwood Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1304-1306 Leafwood Drive

This home is within Novato Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Lynwood Elementary School
PublicK to 5

San Jose Intermediate
Public6 to 8

Novato High School
Public9 to 12

Nova Education Center
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway, Steven Level, DRE #01184232

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.