1028 3rd Street #A&B, Novato, CA 94945, Novato, 94945 - 0 bed, 0 bath
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1028 3rd Street #A&B
Novato, CA 94945
ACTIVE
CONDITION: GOOD
0Beds
0Baths
1,926Sq Ft
7,501Lot Size
Property Price
LIST PRICE$975,000
SUMMARY
Analysis of 1028 3rd Street #A&B, Novato, CA 94945 is currently available with a list price of $975,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Novato Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Originally built in 1958, the property underwent a renovation in 2017 (approx. 9 years ago), placing it within the 5-15 year renovation window for a 'Good' rating. The kitchen features functional shaker-style cabinetry and laminate countertops. While some appliances like the electric coil stove are dated, the unit is well-maintained, features central heat, and is in move-in ready condition for tenants.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Downtown Location
Situated in a quiet neighborhood near Grant Avenue, the property offers exceptional walkability to Novato's vibrant downtown amenities, including farmers' markets, restaurants, and local events.
- Desirable Unit Mix and Amenities
The duplex features a rare 3-bedroom unit alongside a 2-bedroom unit, both equipped with private fenced backyards, dedicated laundry, and outdoor storage, which are highly sought-after features for renters.
- Immediate Rental Stability
The presence of long-term tenants who wish to remain provides an investor with immediate cash flow and eliminates the initial costs and risks associated with vacancy and unit turnover.
CONSRISKS & DEFICIENCIES
- Aging Infrastructure
Originally built in 1958, the property may require significant capital expenditures for long-term maintenance of older systems, particularly in the unit that has not been updated since 2017.
- Limited Parking Security
The property offers carport parking rather than enclosed garages, which may be perceived as a drawback for tenants seeking enhanced vehicle security or additional enclosed storage space.
About 1028 3rd Street #A&B
This spacious 2/1 and 3/1 duplex is well located in a quiet neighborhood near Grant Ave in Downtown Novato, close to farmer's markets, events, parades, stores, restaurants, banks and more. hardwood floors, central heat, gas water heaters, electric stoves. Includes carport parking and outdoor storage for both tenants. Both units have a fenced back yard and laundry. Front unit was updated in 2017. Long term tenants wish to remain if possible.
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1958
- Lot Size
- 7,501 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 1,926 | 4,004 |
| Lot Size | 7,501 | 7,145 |
| Price | $975.0K | $1.56M |
| Price per sq ft | $506 | $390 |
| Built year | 1958 | 1979 |
| HOA | $0 | $0 |
| Days on market | 28 | 73 |
Pricing History
Listed for Sale
Aug 12, 2026
$975,000
Initial Listing