NOT LISTED FOR SALE

707 Diablo Ave Novato, CA 94947

Central Novato Neighborhood
45 Beds
-- Bath
16,215 Sq Ft
0.76 Acres

Last Sold September 06, 2019

Last sale price $8,305,000 $512 Per Sq Ft

65 Days on Market

Highlights

  • 0.76 Acre Lot
  • Central Heating
  • Washer and Dryer
  • Novato High School Rated A-
  • Laundry Facilities

About This Home

As of September 2019

24 Unit apartment complex comprised of 21-2BR units and 3-1BR units. Property features a swimming pool, on-site laundry room, carport parking, pitched roofs, separate meters for PG&E and RUBS. 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. New pool and roof in 2018. Under market rents. Great investment opportunity.

Last Agent to Sell the Property

Pat Ripple

Berkshire Hathaway License #00417952 Listed on: 06/18/2019

Berkshire Hathaway

Co-Listed By

Courtney DeAngelis

Samson Group License #01464718

Last Buyer's Agent

Steven Level

Berkshire Hathaway License #01184232

Berkshire Hathaway

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1971

Lot Details

  • 0.76

Home Design

  • 16,215 Sq Ft Home
  • Slab Foundation
  • Shingle Roof
  • Composition Roof

Parking

  • 12 Open Parking Spaces
  • 24 Carport Spaces
  • On-Street Parking
  • Off-Street Parking

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Central Heating

Additional Features

  • Washer and Dryer
  • 0.76 Acre Lot

Listing and Financial Details

  • Assessor Parcel Number 140-273-43

Community Details

Overview

  • 2 Buildings
  • 24 Units

Additional Features

  • Laundry Facilities
  • Gross Income $566,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Type: Residential Income
  • Property Sub Type: 5 or More Units
  • Subtype Description: Apartments
  • Directions To Property: Corner of Diablo Ave and Hill Rd. Novato, CA
  • Lot Size Acres: 0.7633
  • CapRate: 3.65
  • Actual or Scheduled: Actual
  • Special Features: None
  • Stories: 0

Interior Features

  • Price Per Square Foot: 512.18
  • Square Footage: 16215
  • NumberOfBuildings: 2

Exterior Features

  • Foundation: Slab
  • Roof: Composition, Shingle

Garage/Parking

  • Parking Features: Carport, Off Street, Street
  • Carport Spaces: 24
  • OpenParkingSpaces: 12

Utilities

  • Cooling: Wall Unit(s)
  • Sewer: Public Sewer
  • Water Source: Public
  • Heating: Central
  • Laundry Features: Coin Operated, In Common Area, Washer/Dryer Owned

Lot Info

  • Assessor Parcel Number: 140-273-43
  • Lot Size Sq Ft: 33250

Building Info

  • Year Built: 1971

Multi Family

  • One Bedroom Annual Occupancy: 100
  • 1 Bedroom Rent Range: 1650-1775
  • Two Bedroom Annual Occupancy: 100
  • Two Bedroom Rent Range: 1850-2000
  • Number Of1 Bedrooms Occupied: 3
  • Number of 1 Bedroom Units: 3
  • Number Of2 Bedrooms Occupied: 21
  • NumberOfUnitsTotal: 24

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
09/06/2019 09/06/19 Sold $8,305,000 0.0% $512 / Sq Ft
08/22/2019 08/22/19 Pending -- -- --
06/18/2019 06/18/19 For Sale $8,305,000 -- $512 / Sq Ft
Source: Bay Area Real Estate Information Services (BAREIS)

Tax History Compared to Growth

Source: Public Records

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 $83,395 $5,491,391 $1,908,384 $3,583,007
2024 $81,747 $5,383,861 $1,870,971 $3,512,890
2023 $80,084 $5,278,437 $1,834,291 $3,444,146
2022 $78,096 $5,175,070 $1,798,327 $3,376,743
2021 $78,049 $5,073,759 $1,763,078 $3,310,681
2020 $76,982 $5,021,800 $1,745,000 $3,276,800
2019 $34,157 $1,480,405 $588,480 $891,925
2018 $33,391 $1,451,450 $576,945 $874,505
2017 $32,566 $1,423,062 $565,636 $857,426
2016 $30,747 $1,395,227 $554,547 $840,680
2015 $29,983 $1,374,329 $546,222 $828,107
2014 $29,080 $1,347,478 $535,525 $811,953
Source: Public Records

Agents Affiliated with this Home

  • Pat Ripple

    Seller's Agent in 2019

    Pat Ripple

    Berkshire Hathaway

    (415) 722-1149

    7 Total Sales

    Pat Ripple
    Section Image

  • C

    Seller Co-Listing Agent in 2019

    Courtney DeAngelis

    Samson Group

    (707) 328-9377

    13 Total Sales

    Courtney DeAngelis
    Section Image
  • Steven Level

    Buyer's Agent in 2019

    Steven Level

    Berkshire Hathaway

    (415) 722-1149

    1 in this area

    43 Total Sales

    Steven Level
    Section Image
See All Agents

Map

Source: Bay Area Real Estate Information Services (BAREIS)

MLS Number: 21915660

Bay Area Real Estate Information Services (BAREIS)

APN: 140-273-43

California Marin County Novato 94947 Central Novato

707 Diablo Ave, Novato, CA

Not Listed for Sale

MultiFamily

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