707 Diablo Ave, Novato, CA 94947
FOR SALE0.76 ACRES

707 Diablo Ave
Novato, CA 94947

  • Studio
  • 16,215 sqft (on 0.76 acres)
  • Studio
  • 16,215 sqft (on 0.76 acres)

$9,800,000

Original price: $9,975,000
Est. Mortgage $61,621/mo*

Local Information

map showing home location
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Commute Destination

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, 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.

Home Highlights

Parking
12 Open Spaces
Outdoor
No Info
A/C
Heating & Cooling
HOA
None
Price/Sqft
$604
Listed
82 days ago

Home Details for 707 Diablo Ave

Interior Features

Dimensions and Layout
Living Area: 16215 Square Feet
Appliances & Utilities
Laundry: Common Area,Washer/Dryer Hookups
Heating & Cooling
Heating: OtherHas CoolingAir Conditioning: Wall Unit(s)Has HeatingHeating Fuel: Other
Gas & Electric
Electric: Separate MetersGas: Separate Meters
View
No View

Exterior Features

Exterior Home Features
Roof: Composition Shingle
Parking & Garage
Number of Carport Spaces: 24Open Parking Spaces: 12Has a CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 36Parking: Carport,Covered,Off Street,Open,On Street
Water & Sewer
Sewer: Public Sewer

Days on Market

Days on Market: 82

Property Information

Year Built
Year Built: 1971
Property Type / Style
Property Type: Residential IncomeProperty Subtype: 5 or More UnitsStructure Type: Apartment, ApartmentsArchitecture: Apartment,Apartments
Property Information
Parcel Number: 14027343

Price & Status

Price
List Price: $9,800,000Price Per Sqft: $604
Status Change & Dates
Possession Timing: Close Of Escrow, Subject To Tenant Rights

Active Status

MLS Status: Active

Location

Direction & Address
City: Novato

Agent Information

Listing Agent
Listing ID: 324007623

Building

Building Area
Building Area: 16215 Square Feet

HOA

HOA Fee: No HOA Fee

Lot Information

Lot Area: 0.76 acres

Documents

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

Listing Info

Special Conditions: Offer As Is

Mobile R/V

Mobile Home Park
Mobile Home Units: Feet

Compensation

Buyer Agency Commission: 1.5Buyer Agency Commission Type: %
Notes
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed

Miscellaneous

Mls Number: 324007623Listing Url
Last check for updates: about 24 hours ago
Listing courtesy of Steven Level DRE #01184232, (415) 747-2150
Berkshire Hathaway, (415) 329-6790
Source: BAREIS, MLS#324007623

Price History for 707 Diablo Ave

DatePriceEventSource
03/18/2024$9,800,000PriceChange
BAREIS #324007623
02/06/2024$9,975,000Listed For SaleBAREIS #324007623
09/06/2019$8,305,000Sold
BAREIS #21915660
06/20/2019$8,495,000PendingAgent Provided
06/18/2019$8,495,000Listed For SaleAgent Provided

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Property Taxes and Assessment

Year2023
Tax$80,084
Assessment$5,278,437
Home facts updated by county records

Comparable Sales for 707 Diablo Ave

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
0.94
Multi-Family Home
$1,840,762
10/13/23
4
4
3,980
0.96
Multi-Family Home
$1,780,000
07/31/23
8
4
4,332
1.21
Multi-Family Home
$1,090,000
01/09/24
4
4
4,340
1.06
Multi-Family Home
$1,500,000
02/29/24
5
4
3,000
1.18
Multi-Family Home
$1,355,000
06/23/23
3
2
1,748
0.93
Multi-Family Home
$1,565,000
08/31/23
8
4
2,400
1.67
Multi-Family Home
$1,150,000
11/29/23
4
2
1,956
2.81
Multi-Family Home
$2,900,000
11/30/23
2
6,800

What Locals Say about Novato

  • Trulia User
    "it's a diverse community and very clean. There are lots of children and it is safe enough for them to play outside. "
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  • Trulia User
    "Easy access to hwy and free ways. Close to all neighboring cities. Can bike, use train, bus or personal car easily "
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  • William G. O. E.
    "Great location near the art museum, walking and hiking trails, generally well kept neighborhoods and courtesy among neighbors. "
    1
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  • Pat A.
    "Farmers market every week. Local bar and restaurants. Dog friendly. Kid friendly. Family neighborhood "
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  • Evelyn N. C.
    "The calmness and the relaxation and nature to walk or hike around makes Novato or Marin County very unique and special."
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  • Bill O.
    "Great walking areas; coast trails, biking, parks, art museum and convenient shopping nearby. Not far off major highway. Quiet, peaceful, community advocates for keeping areas in good condition. Some security walls are in need of repair but overall well cared for neighborhoods. "
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  • Katharine B.
    "It's very family friendly and nature surrounds us. Great area for walking, running. Close to schools. "
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  • Larmistead
    "Nope ,people are. Not very social. But this is a known bedroom type community ! Near a park . Lovely Mount Burdell. Near Novato creek and Stanford lake. "
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  • Shante M.
    "I have lived in Novato for 28 years. It’s a safe community. There’s no night life unfortunately. Very quiet and peaceful. Great place to raise a family. 30 minutes from the beach Beautiful scenery and many hiking trails. Close to San Francisco and the east bay. "
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  • Shelayna L.
    "Many people have dogs. People are always about walking them and are usually aware of how dogs should meet. "
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  • Jpelico81
    "great place to live, beautiful and safe, nice place to have family and work, I live here for 9 years and don't want to move "
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  • Trulia User
    "San Marin has an annual neighborhoodwide garage sale, and they have lots of activities for kids in the summer months. "
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  • Leif G.
    "I live in a highway community, which means no community at all, just a quick way to get on and off a highway."
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  • Kim D.
    "I like the warm days and cool evenings. I like the small, quaint downtown. I like that people pick up after their dogs. I like that the streets are clean and homelessness are kept at bay. I even like how the cops are vigilant."
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  • Gayeulusoy
    "Bbq - movie nights as community... great family oriented area. There are some incidents once a while but nothing major. Dog friendly - family friendly - a little too quite neighborhood "
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  • Taylor A.
    "Not many.... that I know! still.... good, quiet area to live!!! Close to shopping malls, places to walk, hike, places to walk your dogs! Costco,Safeway, lots of good eateries!!!!"
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  • Wrapproductions
    "Everyone looks out for one another and never any neighbor conflicts. I love how big everyone decorates their houses for the holidays "
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  • Cynthia N.
    "the way the family's decorate their home for Halloween and the thousands of lights that they use for Christmas and the horse and carriage that takes you through the neighborhood to see the Christmas decorations"
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  • Oz
    "Over 2 years in the neighborhood, family oriented area. Once a while you see some some weirdos around the mall area but never been dangerous or disturbing. I wish there are more speed bumps and more parks around. "
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  • AW
    "Awful to the city during rush hour, ok outside of rush hour. Even driving to other cities in Marin is a nightmare during morning rush hour."
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  • Catherinepsylvester
    "Good bus access but long drive to the ferry. Terrible commute in car to city unless you leave early "
    4
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  • Nevinsbrunilda
    "Walking your dog . This is a dog friendly neighborhood. Peaceful streets to walk your dog. Lots of greenery."
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  • Alexaguedezoberto
    "Dog owners in my neighborhood would like that everyone is very kind and welcoming to all people and pets. "
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  • Charlene L.
    "My neighbors are friendly and we all take care of our homes, the commute is normal, can be busy but worth it"
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  • Elizabeth W.
    "gets busy during school drop off and pick up times traffic south on the 101/37 (Novato south on ramp)gets busy from 6:30am-10am and busy on the 101 north from 4:30pm-6:30pm(Atherton on ramp)"
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  • Rckaplan
    "Long and slow. Vallejo to san rafael. I hate it. And there’s no way out of Novato without getting on 101 at some point."
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  • Kristin B.
    "I do not have a commute but it is easy to access the freeway and public transportation. Most people in this area commute to SF either by car, ferry, bus, or a combination of the three."
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  • Mikamogilnicki
    "Great trails in Hamilton Area. Smart Train stops is here. Great Library. I feel more people should be able to ride horses here with a bag attached for waste. Too close to the refinery."
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LGBTQ Local Legal Protections

Steven Level, Berkshire Hathaway
Listing information deemed reliable but not guaranteed. Copyright 2024 Bay Area Real Estate Information Services, Inc. All Right Reserved.
An offer of compensation, if any, is made exclusively to Broker Participants of the MLS where the subject listing is filed and in accordance with such MLS’s regulations or rules.
707 Diablo Ave, Novato, CA 94947 is a studio, 16,215 sqft multi-family built in 1971. This property is currently available for sale and was listed by BAREIS on Feb 6, 2024. The MLS # for this home is MLS# 324007623.