Bought with John A Warner • John Warner, Broker
$3,925,000
$3,900,000
0.6%For more information regarding the value of a property, please contact us for a free consultation.
1000 8th ST Novato, CA 94945
1,200 Beds
2 Baths
8,848 SqFt
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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