NOT LISTED FOR SALE

1405 Park Ave Novato, CA 94945

Central Novato Neighborhood
3 Beds
6 Baths
1,679 Sq Ft
5,985 Sq Ft Lot

Last Sold December 29, 2021

Last sale price $1,250,000 $744 Per Sq Ft

14 Days on Market

Highlights

  • Cottage
  • Landscaped
  • Washer and Dryer
  • San Marin High School Rated A-
  • 1 Car Garage
  • 1-Story Property

About This Home

As of December 2021

Located in one of the strongest rental markets in the United States, Marin County, this charming triplex provides a rare opportunity for a new or experienced investor to own a well-maintained building in the heart of Downtown Novato. Built in 1947, this unique complex offers three one-bedroom units featuring private entrances, fenced in patios/yards, laundry, separate PG&E meters, and 3 off-street parking spaces. Two of the units have fully remodeled kitchens, new water heaters, and exterior paint within the last few years. The property sits in a residential neighborhood just a block away from the restaurants and shops on Grant Ave. This one is a gem and will go quickly!

Last Agent to Sell the Property

Scott Gerber

Norcal Commercial License #01138762 Listed on: 12/03/2021

Last Buyer's Agent

Christina McNair

Compass License #01183576

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1947

Lot Details

  • 5,985 Sq Ft Lot
  • Landscaped

Parking

  • 1 Car Garage
  • 2 Open Parking Spaces

Home Design

  • Triplex
  • Cottage
  • Concrete Foundation
  • Slab Foundation

Interior Spaces

  • 1,679 Sq Ft Home
  • 1-Story Property
  • Washer and Dryer

Utilities

  • No Cooling
  • Individual Gas Meter

Community Details

  • 3 Units
  • Gross Income $71,040

Listing and Financial Details

  • Tenant pays for electricity, gas, trash collection
  • Assessor Parcel Number 141-271-17

Property Details

Home Type

Multi-Family

Year Built

Built in 1947

Lot Details

0

Parking

1

Listing Details

  • Type: Residential Income
  • Property Sub Type: Triplex
  • Directions To Property: Type into GPS
  • Lot Size Acres: 0.1374
  • Stories: 1
  • CapRate: 4.01
  • Actual or Scheduled: Actual
  • ArchitecturalStyle: Cottage
  • Special Features: None

Interior Features

  • Price Per Square Foot: 744.49
  • Square Footage: 1679.00
  • NumberOfBuildings: 1

Exterior Features

  • Foundation: Concrete Perimeter, Slab
  • Lot Features: Curbs/Gutters, Landscape Back, Landscape Front

Garage/Parking

  • Parking Features: Garage
  • Total Parking Spaces: 3.00
  • Garage Spaces: 1.00
  • OpenParkingSpaces: 2.00

Utilities

  • Cooling: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Varies By Unit
  • Laundry Features: Varies By Unit, Washer/Dryer Owned
  • Separate Meters: Electricity, Gas

Lot Info

  • Assessor Parcel Number: 141-271-17
  • Lot Size Sq Ft: 5985.00

Rental Info

  • TenantPays: Electricity, Gas, Trash Collection

Building Info

  • Year Built: 1947

Multi Family

  • One Bedroom Annual Occupancy: 97
  • 1 Bedroom Rent Range: $1545-2400
  • Number Of1 Bedrooms Occupied: 3
  • Number of 1 Bedroom Units: 3
  • NumberOfUnitsTotal: 3

Range of Values:

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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 Change Sq Ft Price
12/29/2021 12/29/21 Sold $1,250,000 +6.4% $744 / Sq Ft
12/03/2021 12/03/21 For Sale $1,175,000 -- $700 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Scott Gerber

    Norcal Commercial

    (415) 215-3333

    1 in this area

    4 Total Sales

    Section Image

  • C

    Buyer's Agent in 2021

    Christina McNair

    Compass

    (415) 798-8111

    2 in this area

    80 Total Sales

    Section Image
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Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 321111324

Bay Area Real Estate Information Services (BAREIS)

APN: 141-271-17

California Marin County Novato 94945 Central Novato

1405 Park Ave, Novato, CA

This home is located at 1405 Park Ave, Novato, CA 94945 since 03 December 2021. This property was built in 1947. 1405 Park Ave is a home located in Marin County with nearby schools including Lu Sutton Elementary School, Sinaloa Middle School, and San Marin High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Bay Area Real Estate Information Services (BAREIS) Listing information deemed reliable but not guaranteed. Copyright 2025 Bay Area Real Estate Information Services, Inc. All Right Reserved.

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