Address
401 Norman Dr Novato, CA
Price
$ 1,350,000
Property Attributes
  • MLS#321107381
  • TypeMulti-Family
  • CountyMARIN
  • CityNovato
  • AreaNovato
  • Zip94949
  • Style
  • Price$ 1,350,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2400
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Steven Level with Berkshire Hathaway - 415-329-6790
Data Source:
Bay Area Real Estate Info Services (BAREIS) - 159 - CA
Property Description

Located 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.

Price History
11/19/2021 Listed $1,350,000

General Features

Association Y/N No
Auction No
Availability Date 1800-01-01T00:00:00
Cooling None
Heating Wall Furnace
Lot Size Square Feet 6970
MLS Area Novato
Property SubType 5 or More Units
Property Type Residential Income
Roof Composition, Shingle
Sewer Public Sewer
Status Active
Subtype Description Apartments
Total Units 8

Interior Features

# Studios Occupied 8
Laundry Features Coin Operated, In Common Area
Living Area 2400
Unit 2 Sqft Source Tax Record
Unittypestudiounitstotal 8

Exterior Features

Foundation Details Concrete, Slab
Lot Features Landscape Front
Lot Size Acres 0.1600
Lot Size Source Assessor Auto-Fill
Lot Size Units Acres
Number of Buildings 1
Parking Features Open
Total Parking 4
Water Source Public

Amenities

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

Property vs Multi-Family Average in 94949

Price
AVG $1.35M
$1.35M
Visits
AVG 3
2
Year Built
AVG 1954
1954

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