4 Harkle Rd - Apartments FOR SALE


Novato, CA 94945
$3,300,000 USD
415-625-2111
4 Harkle Rd, Novato, CA for Sale
$3,300,000 USD
Apartments - FOR SALE
1/18
null | 3.61% Cap Rate

4 Harkle Rd
Novato, CA 94945


HIGHLIGHTS

  • A once-in-a-generation Novato investment opportunity
  • Seven individual homes across approximately 2.25 acres
  • Offered for the first time in history.
  • An irreplaceable combination of history, income and land
  • Home to two of Novato’s most iconic residences: the rotating Round House and the Potato Chip House
  • All homes are separately metered for water, gas and electricity

OVERVIEW

The Baglieri Group of Marcus & Millichap is proud to present Harkle Road, offered for sale for the first time ever by the original family that built this remarkable Novato property. The offer consists of seven detached homes situated across approximately 2.25 acres, including two of Novato's most recognizable residences: the rotating Round House and the iconic Potato Chip House. Opportunities to acquire approximately 2.25 acres of buildable land in Novato—already improved with seven income-producing homes—are exceptionally rare. The property offers an incoming owner the ability to preserve a unique piece of local history while exploring the potential to add additional homes or subdivide the land, subject to independent investigation and approval by the City of Novato and all other applicable agencies. All seven homes are tenant occupied and separately metered for water, gas and electricity. Tenants pay their own utilities, leaving the landlord responsible primarily for property taxes and insurance and helping keep operating expenses exceptionally low. This is far more than a traditional seven-unit investment. It is a once-in-a-generation opportunity to acquire an irreplaceable Novato property with existing income, significant land, historic character and compelling long-term upside.

FOR SALE DETAILS

PRICE

$3,300,000 USD

PRICE/SF

$440 USD /SF

# OF UNITS

7

PRICE/UNIT

$471,429

CAP RATE

3.61%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Harkle Road Properties

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

94,930 SF

ZONING

-

APN/PARCEL ID

153-144-29

ASK ABOUT THIS PROPERTY

Angelo BaglieriMarcus & MillichapMore Info
415-625-2111

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Angelo BaglieriMarcus & MillichapMore Info
415-625-2111

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.