Sold

1000 8th St

Novato CA, 94945

$3,925,000


$443.60 per sqft

Sold

8,848 sqft

Multi-family

Built in 1962

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.

321115280

MLS ID

February 16, 2024

Updated

Map

1000 8th St
Novato CA, 94945

Interior Features

Total Stories

0


Laundry Description

Coin Operated, Washer/Dryer Leased


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Central, Varies by Unit, Wall Furnace

Exterior/Building Features

Lot Size

0.17 Acres


Exterior Features

Corner, Landscape Back


Lot Features

Corner, Landscape Back


Architectual Style

Contemporary


Roof

Flat


Sewer

Public Sewer

Other Property Details

Area Name

Novato


Garage

No


Parking

Off Street


Parking Total

16


View

No


County

Marin


Water Source

Public


Pool

No


Buyer Agency Compensation

2.5%

Bought with John A Warner with John Warner, Broker and Listed by Michael J Burke with Golden Gate Sotheby's International Realty

Listing Contact:  

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