707 Diablo Avenue

Novato, CA 94947

$9,800,000
Price
Beds
16,215 Sq. Ft.
$604 / Sq. Ft.
16,215
Sq. Ft.
$604
per Sq. Ft.

Description

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,...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.
  1. Listed by Steven Level • DRE #01184232 • Brokerage DRE #01499008 • Berkshire Hathaway

Property Details for 707 Diablo Avenue

Cross Street
Hill Rd
Total Parking Spaces
36

Location

Listing Courtesy of Berkshire Hathaway, Steven Level, DRE #01184232
Add your commute
LISTING UPDATED: 03/18/2024 02:19 PM

Property Details for 707 Diablo Avenue

StatusActive
MLS #324007623
Days on Compass81
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / 5 or More Units
Year Built1971
Lot Size0.76 AC / 33,249 SF
CountyMarin County

Location

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

Building Information for 707 Diablo Avenue

Stories-Residences-Year Built1971Building Size-Lot Size0.76 AC / 33,249 SF

Payment Calculator

$60,157 per month

30 year fixed, 7.25% Interest

Principal and Interest

$53,483

Property Taxes

$6,674

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 707 Diablo Avenue

Summary
Location and General Information
  • Area/District: Novato
  • Area Short Display: A1700
  • Directions to Property: Corner of Diablo Ave and Hill Rd in Novato, CA
  • Area Long Display: Novato
Taxes and HOA Information
  • Association: No
  • Association Fee: $0
  • APN: 140-273-43
Parking
  • Parking Features: Carport, Covered, Off Street, Open, Street
  • Carport Spaces: 24
  • Garage Spaces: 0
  • Open Parking Spaces: 12
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 0
Property
Lot Information
  • Square Footage: 16215.0
  • Square Footage Source: Appraiser
  • Year Built Source: Assessor Agent-Fill
  • Lot Size Source: Assessor Agent-Fill
  • Lot Size Square Feet: 33250.0
  • Lot Features: Landscape Front, Shape Irregular, Sidewalk
Property and Assessments
  • Picture Count: 30
  • 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: 12.93
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
  • Separate Meters: Electricity, Gas
Interior and Exterior Features
Exterior Features
  • Roof: Composition, Shingle
  • # of Floors: 0
Interior Features
  • Heating: Other
  • Cooling: Wall Unit(s)
  • Laundry Features: In Common Area, Varies by Unit, Washer/Dryer Hookups
  • # of Guest Space(s): 0
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 3
  • 1 Bedroom Rent Range: 1925-2390
  • 1 Bedroom Annual Occupancy: 97.00%
  • # of 1 Bedrooms Occupied: 3
2 Bedroom Unit
  • # of 2 Bedroom Units: 21
  • 2 Bedroom Rent Range: 2215-2950
  • 2 Bedroom Annual Occupancy: 97.00%
  • # of 2 Bedrooms Occupied: 22
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: $773,055.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 2
  • # Of Units Total: 24
  • # 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 1 Type: Apartment
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 707 Diablo Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 707 Diablo Avenue

Taxable ValueLand$1,834,291Additions$3,444,146Total$5,278,437
Tax Record2023$80,084 ($6,674 / month)
Home Facts
Total Finished SqFt6,143 SqFtAbove Grade Finished SqFt6,143 SqFtLot Size17,017 SqFtStyleDuplexYear Built1971Year Renovated1980CountyMARINAPN140-273-43

Schools near 707 Diablo Avenue

This home is within Novato Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 7 to 10
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Lu Sutton Elementary School
PublicK to 5

Nexus Academy
Public7 to 10

Novato High School
Public9 to 12

Marin Oaks High School
Public9 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.

Similar Homes

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707 Diablo Avenue is a multi-family home for sale in Novato, CA 94947. This property was listed for sale on February 6, 2024 by Berkshire Hathaway, it's currently listed at $9,800,000. It has been on the market for a total of 81 days and was last sold on September 6, 2019. This listing's school district is Novato Unified School District. Nearby schools include Lu Sutton Elementary School, Nexus Academy and Novato High School. 707 Diablo Avenue is a 0-bed, 0-bath, 16,215 sqft multi-family home built in 1971.

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.