Address
859 Diablo Ave Novato, CA
Price
$ 2,695,000
Property Attributes
  • MLS#22031219
  • TypeMulti-Family
  • CountyMARIN
  • CityNovato
  • AreaNovato
  • Zip94947
  • Style
  • Price$ 2,695,000
  • Bedrooms5
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage5150
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
Erich M Reichenbach with Marcus & Millichap - 818-212-2700
Data Source:
Bay Area Real Estate Information Services
Property Description

Subject property is an upscale boutique, live-work building located in the Novato's downtown district. This is a rare opportunity for an investor to own a completely remodeled, high-quality mixed-use (live-work)property, in one of the Bay Area's strongest rental markets. This property provides investors the opportunity to acquire a quality asset in the coveted market of Novato. The property has benefitted from an extensive remodel, including the reconfiguration into both residential and office uses, including three high-end residential units. There are an additional five commercial spaces that are designated as live/work units. There is a common area kitchen, bathroom and a conference room. This investment offers attractive current income, combined with upside in rents and income.

Price History
1/27/2021 Listed $2,695,000

General Features

Appliances Solar Water Heater
Auction No
Availability Date 1800-01-01T00:00:00
Cooling Central
Flooring Carpet, Tile, Wood
MLS Area Novato
Open Parking Spaces 17
Parking Features Uncovered
Property SubType 5 or More Units
Property Type Residential Income
Roof Composition
Sewer Public Sewer
Total Units 7
Unittypecommercialunitstotal 5

Interior Features

Laundry Features In Each Unit
Living Area 5150
Unit 2 Bedroom Units Total 1
Unit 3 Bedroom Units Total 1

Exterior Features

Foundation Details Concrete Perimeter
Lot Features City
Lot Size Acres 0.3157
Lot Size Source Assessor Auto-Fill
Lot Size Square Feet 13752
Lot Size Units Acres
Number of Buildings 1
Water Source Public

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 94947

Price
AVG $2.7M
$2.7M
Visits
AVG 64
63
Year Built
AVG 1986
1986
Walkscore
AVG 85
85
Data Provided by Walkscore ® not using MLS data