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    859 Diablo Avenue

    Novato, CA 94947
    • $2,695,000
    • STATUS: Active
    • ON SITE: 114 days
    • ID#: 22031219
    UPDATED: 75 min ago
    $2,695,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,150
      SQFT
    • $523
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1986
    County:
    Area:

    School Ratings & Info

    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.

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    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate Services. Data last updated: 2021-05-15T21:56:30.287.
    www.showcaseproperties.com/homes/113452973
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    859 Diablo Avenue Novato, CA 94947

    • Price: $2,695,000
    • Status: Active
    • Updated: 75 min ago
    • ID#: 22031219
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    5,150
    SQFT
    $523
    $/SQFT
    1986
    Built
    Neighborhood:
    Novato
    County:
    Marin
    Area:
    Novato
    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.
    Exterior Features

    Carport Spaces 0 Covered Spaces 0 Foundation Details Concreteperimeter Independent Parking Spaces 0 Lot Features City Open Parking Spaces 17 Parking Features Uncovered Parking Total 0 Roof Composition Tandem Parking Spaces 0

    Interior Features

    1 Bedroom Units Total 0 2 Bedroom Units Total 1 3 Bedroom Units Total 1 4 Bedroom Units Total 0 Appliances Solar Water Heater Commercial Units Total 5 Cooling Central Flooring CarpetTileWood Laundry Features In Each Unit Studio Units Total 0

    Property Features

    Association Fee 0 Association YN No Auction No Availability Date 1/1/1800 12:00:00 AM Gross Income 138000 Property Sub Type 5 Or More Units Property Type Residentialincome Separate Meters ElectricityGas Sewer Public Sewer Water Source Public

    Listing information © 2021 Bay Area Real Estate Information Services.
    Listing courtesy of Erich M Reichenbach of Marcus & Millichap.


    © 2021 Bay Area Real Estate Information Services, Inc. All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Intero Real Estate Services. Data last updated: 2021-05-15T21:56:30.287.
     
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