401 Norman Drive Novato, CA 94949
2,400 Sq. Ft. / 6,970 Sq. Ft., 0.16 acres lot size / Multi-Family
Status: Sold
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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.
property details
Type
Multi-Family
Status
Closed
County
Marin
Year Built
1954
Sq. Ft.
2,400
Lot Size
6,970 Sq. Ft., 0.2 acres
Listing Id
321107381
Courtesy Of
Steve Level - Berkshire Hathaway +1 415 747 2150
List Office Phone
+1 (415) 329-6790
Interior Features
Living Area Units
Sq. Ft.
Utility & Building Info
Below Grade Finished Area
0
Price Per Sq Meter
$0
Building Area Total
2,400 Sq. Ft.
Architectural Style
Other
The data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the above MLS system. Real estate listings held by brokerage firms other than Berkshire Hathaway HomeServices Drysdale Properties are marked with the Internet Data Exchange and detailed information about them includes the names of the listing brokers and listing agents.
Price History
| date | event | price | source |
|---|---|---|---|
|
01/24/2022
01/24/2022
|
Sold |
$1,300,000
|
Bay Area |
|
12/06/2021
12/06/2021
|
Contingent |
$1,350,000
|
Bay Area |
|
11/18/2021
11/18/2021
|
Active |
$1,350,000
|
Bay Area |
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Market Trends
Source: Constellation1
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