Novato, CA 94945,1000 8th ST
Listed by Michael J Burke • Golden Gate Sotheby's International Realty
Bought with John A Warner • John Warner, Broker

$3,925,000

Est. payment /mo

$3,900,000

0.6%
Est.Price: ?

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1000 8th ST Novato, CA 94945

1,200 Beds

2 Baths

8,848 SqFt

SOLD DATE : 04/01/2022

Key Details

Sold Price $3,925,000

Property Type Multi-Family

Sub Type 5 or More Units

Listing Status Sold

Purchase Type For Sale

Square Footage 8,848 sqft

Price per Sqft $443

MLS Listing ID 321115280

Sold Date 04/01/22

Bedrooms 1200

HOA Y/N No

Year Built 1962

Lot Size 7,501 Sqft

Property Sub-Type 5 or More Units

Property Description

3-2BR and 10-1BR apartments plus a large 1,836 sf office space. Off-street parking for 16 cars. On-site leased laundry facilities. Extra storage lockers for tenants' use. The apartments were built in 1962 and are two-story, wood-frame, and stucco construction with a flat roof. Overall, the property seems to be in very good condition. The roof was replaced in 2012. The main electrical panels and service were replaced in 2017. The sewer lateral was redone in 2019. The building would benefit from some updating and remodeling. The windows are original single pane. Kitchens do not feature dishwashers or disposals. Parking is uncovered. Many tenants are long-term with rents below the current market. There is a value-add opportunity to remodel the units and bring the rents up to market. The ground floor southwest corner of the building has a 1,836 square foot (per Assessor records) office suite. It was previously occupied for many years by The Neptune Society.

Location

State CA

County Marin

Area Novato

Interior

Heating Central, Varies by Unit, Wall Furnace

Cooling None

Exterior

Parking Features Off Street

Garage Spaces 16.0

Roof Type Flat

Building

Foundation Combination, Concrete Perimeter, Slab

Sewer Public Sewer

Water Public

Architectural Style Contemporary

Others

Special Listing Condition None

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