NOT LISTED FOR SALE
6 Beds
3 Baths
2,124 Sq Ft
7,610 Sq Ft Lot

Last Sold October 07, 2024

Last sale price $1,100,000 $518 Per Sq Ft

75 Days on Market

Highlights

  • 2 Car Attached Garage
  • San Marin High School Rated A-
  • Landscaped

About This Home

As of October 2024

Welcome to 1222-1224 Second Street! This townhouse-style duplex is an exceptional investment opportunity near downtown shopping, dining, and transportation. Each mirror-image unit features 3 bedrooms, 1-bathroom, bright floor plans, hardwood flooring, a one-car garage, and spacious backyards. Ideal for investors or homeowners seeking rental income, the property offers significant potential. The current owners have submitted a permit application for two ADU units in the rear, each with two bedrooms and two bathrooms. The project is currently in plan check with the City of Novato. This application can be transferred to the new owner after closing. Both units feature landscaped yards, in-unit laundry, and dedicated off-street parking. Each unit is individually metered, and tenants manage their utility bills, ensuring straightforward management. Don't miss this opportunity at 1222-1224 Second Street. Invest in Novato's thriving real estate market and envision future possibilities. Schedule a viewing today and step into your next profitable venture!

Last Agent to Sell the Property

Angelita Morales

West Cal Financial License #01923083 Listed on: 06/14/2024

Last Buyer's Agent

Norma Del Hoyo

AM Realty License #02193056

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1960

Lot Details

  • 7,610 Sq Ft Lot
  • Landscaped

Parking

  • 2 Car Attached Garage
  • Off-Street Parking

Home Design

  • 2,124 Sq Ft Home
  • Duplex

Utilities

  • No Cooling
  • Wall Furnace

Additional Features

  • 6 Bedrooms
  • Laundry in unit

Community Details

  • 2 Units
  • Gross Income $74,400

Listing and Financial Details

  • Assessor Parcel Number 141-234-01

Property Details

Home Type

Multi-Family

Year Built

Built in 1960

Lot Details

0

Parking

2

Listing Details

  • Type: Residential Income
  • Property Sub Type: Duplex
  • Directions To Property: Redwood Blvd to Olive Ave. to 2nd Street. The unit is at the very end of the street.
  • Lot Size Acres: 0.1747
  • CapRate: 4.60
  • Levels: Three
  • Actual or Scheduled: Actual
  • Special Features: None

Interior Features

  • Square Footage: 2124.00
  • NumberOfBuildings: 1

Exterior Features

  • Lot Features: Landscape Front

Garage/Parking

  • Parking Features: Attached, Garage, Off Street
  • Total Parking Spaces: 4.00
  • Garage Spaces: 2.00

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Wall Furnace
  • Laundry Features: In Each Unit

Lot Info

  • Assessor Parcel Number: 141-234-01
  • Lot Size Sq Ft: 7610.00

Building Info

  • Year Built: 1960

Multi Family

  • Three Bedroom Annual Occupancy: 100
  • Three Bedroom Rent Range: $3,100
  • Number Of3 Bedrooms Occupied: 2
  • Number of 3 Bedroom Units: 2
  • NumberOfUnitsTotal: 2

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/07/2024 10/07/24 Sold $1,100,000 0.0% $518 / Sq Ft View Prior Sale
10/07/2024 10/07/24 Sold $1,100,000 -8.3% $518 / Sq Ft
09/11/2024 09/11/24 Pending -- -- --
08/28/2024 08/28/24 Pending -- -- --
06/14/2024 06/14/24 For Sale $1,200,000 0.0% $565 / Sq Ft
06/14/2024 06/14/24 For Sale $1,200,000 +69.0% $565 / Sq Ft
08/23/2016 08/23/16 Sold $710,000 0.0% $334 / Sq Ft View Prior Sale
07/29/2016 07/29/16 Pending -- -- --
07/12/2016 07/12/16 For Sale $710,000 -- $334 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 324043351

Bay Area Real Estate Information Services (BAREIS)