1129 3rd St
Novato, CA 94945
Multifamily Property For Sale
·
4 Units
Property Facts
| No. Units | 4 | Building Size | 6,968 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Townhome | Year Built | 1973 |
| Building Class | C | Parking Ratio | 0.86/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | R10 - Medium Density Multiple Family Residential | ||
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,968 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1973 |
| Parking Ratio | 0.86/1,000 SF |
| Zoning | R10 - Medium Density Multiple Family Residential |
About 1129 3RD ST , NOVATO, CA 94945
Marcus & Millichap has been selected to exclusively market for sale 1129 3rd Street, a four (4) -unit multi-family property located in Novato, California. This is a rare opportunity for an investor to own a small, value-add opportunity in one of the Bay Areas strongest rental markets. Multifamily properties with this large amount of potential are rarely offered for sale. This property provides investors the opportunity to acquire a quality asset in the coveted market of Novato. 1129 3rd Street is perfectly positioned to benefit from Novatos strong fundamentals in the rental market. The unit mix consists of four large two (2) bedroom, one (1) bath units. All units have direct access to outdoor space. This is an ideal unit mix for Novato. The property is situated on a 0.17 acre, with 3,728 rentable square feet. There are four(4) covered, off-street parking spots and an additional two (2) spaces available for tenants and guests. Additionally, there are laundry facilities on-site. 1129 3rd Street offers investors a rare opportunity to acquire a small multi-family asset, in an excellent location and with significant upside potential. As such, 1129 3rd Street offers a compelling investment opportunity in the desirable Marin County Market.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,400 | 930 |
Property Taxes
| Parcel Number | 141-241-22 | Improvements Assessment | $792,194 |
| Land Assessment | $640,328 | Total Assessment | $1,432,522 |
Property Taxes
