The Schlegel Group

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707 Diablo AvenueNovato, CA 94947Price: $9,975,000

  • Price: $9,975,000
  • Est. Mortgage of $/month
  • 17 Days on Market
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Federal 30-year interest rate: 6.77% last updated on Feb 15, 2024
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • $9,975,000List Price
  • 0.76Acreage
  • 16,215Square Feet
Listed by Steven Level of Berkshire Hathaway

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Turn-key 24-Unit apartment complex with rental upside situated at the corner of Diablo Ave and Hill Rd in affluent Marin County. Consisting of two buildings surrounding a central courtyard, the property is located on two adjacent parcels just minutes from Downtown Novato. Comprised of an excellent unit mix of (21) 2BR/1BA units and (3) 1BR/1BA units, the complex features a swimming pool, on-site laundry room, carport parking, individual meters for gas and electric and RUBS utility billing. Fourteen (14) of the units have been fully remodeled with updated kitchens, bathrooms, flooring, and fixtures. Eleven (11) of the remodeled units include a washer and dryer in-unit. All the 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. Recent property improvements include new decks and railings, new hardscape for all walkways, central courtyard, and surrounding pool area, replacement of all interior electrical panels, updated landscaping, new exterior paint, parking surface and striping, perimeter fencing, mailboxes and building signage. All windows are dual-pane, and the previous ownership fully replaced the swimming pool and installed new roofs on both buildings in 2018.

Property Details of 707 Diablo Avenue

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Based on information submitted to CA_BAREIS as of February 23, 2024 11:04 AM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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