S
Seller's Agent in 2022
Steven Level
Berkshire Hathaway
401 Norman Dr Novato, CA 94949
Ignacio Neighborhood
Studio
--
Bath
2,400
Sq Ft
6,970
Sq Ft Lot
Highlights
- Landscaped
- Laundry Facilities
- 1-Story Property
- Novato High School Rated A-
About This Home
As of January 2022Located in a high demand rental area in coveted Marin County, this apartment complex provides a great value-add opportunity for a new or experienced investor. Built in 1954, this unique complex is comprised of eight efficient studio units in a single-level building situated on a level lot of just under 7,000 square feet. With under market rents and the potential to implement RUBS utility billing to recapture utility expenses, this property has significant upside potential. The property sits adjacent to the Ignacio Center and Pacheco Plaza Shopping Malls in southern Novato and is located just 20 miles north of San Francisco. The building is also just south of Vintage Oaks Shopping Center, which features retail stores and restaurants including Target, Costco, Starbucks, In-N-Out Burger and HopMonk Tavern.
Last Agent to Sell the Property
Steven Level
Berkshire Hathaway License #01184232 Listed on: 11/18/2021
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1954
Lot Details
- 6,970 Sq Ft Lot
- Landscaped
Home Design
- Concrete Foundation
- Slab Foundation
- Shingle Roof
- Composition Roof
Interior Spaces
- 2,400 Sq Ft Home
- 1-Story Property
Parking
- 4 Parking Spaces
- Open Parking
Utilities
- No Cooling
- Wall Furnace
- Individual Gas Meter
Community Details
- 8 Units
- Laundry Facilities
- Gross Income $97,320
Listing and Financial Details
- Tenant pays for gas
- Assessor Parcel Number 160-201-06
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/24/2022 01/24/22 | Sold | $1,300,000 | -3.7% | $542 / Sq Ft |
| 12/06/2021 12/06/21 | Pending | -- | -- | -- |
| 11/18/2021 11/18/21 | For Sale | $1,350,000 | -- | $563 / Sq Ft |
Source: Bay Area Real Estate Information Services (BAREIS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $22,916 | $1,379,364 | $482,846 | $896,518 |
| 2024 | $22,433 | $1,352,390 | $473,382 | $879,008 |
| 2023 | $21,943 | $1,325,936 | $464,100 | $861,836 |
| 2022 | $9,957 | $282,895 | $114,496 | $168,399 |
| 2021 | $9,932 | $277,412 | $112,252 | $165,160 |
| 2020 | $9,870 | $274,602 | $111,101 | $163,501 |
| 2019 | $9,056 | $269,282 | $108,923 | $160,359 |
| 2018 | $8,839 | $264,066 | $106,788 | $157,278 |
| 2017 | $8,457 | $245,619 | $104,695 | $140,924 |
| 2016 | $8,055 | $241,260 | $102,643 | $138,617 |
| 2015 | $7,790 | $232,984 | $101,101 | $131,883 |
| 2014 | $7,341 | $223,178 | $99,122 | $124,056 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: Bay Area Real Estate Information Services (BAREIS)
MLS Number: 321107381
APN: 160-201-06
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.
Listing information deemed reliable but not guaranteed. Copyright 2026 Bay Area Real Estate Information Services, Inc. All Right Reserved.
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