995 Sunset Parkway, Novato, CA 94949, Novato, 94949 - 0 bed, 0 bath
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Novato, CA 94949
Analysis of 995 Sunset Parkway, Novato, CA 94949 is currently available with a list price of $929,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. 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.
Property is moderate renovation needed.
The property appears to be in functional but dated condition, consistent with a 'Fair' rating. Interior photos reveal popcorn ceilings and a bathroom with an older vanity, lighting, and tile work likely exceeding 20 years in age. The presence of a portable AC unit suggests the central HVAC system may be dated or insufficient. While the exterior and fence are maintained, the interior requires cosmetic updates and modernization of systems.
The presence of long-term tenants who wish to remain provides immediate cash flow and reduces the risk and cost associated with initial vacancies.
The oversized corner lot of 9,827 square feet offers substantial space for potential expansion, landscaping, or the addition of an Accessory Dwelling Unit (ADU) to increase yield.
Centrally located in Novato near schools and amenities, the property is positioned in a high-demand area that supports long-term value appreciation and tenant retention.
Long-term tenancies often involve rents that are below current market rates, which may limit the immediate return on investment until units can be turned over or adjusted.
As a one-story duplex, the property may not maximize the total habitable square footage possible for a lot of this size compared to multi-story residential income properties.
One story duplex with oversized corner lot. Centrally located, near schools. Long term tenants would like to stay.
No exterior & parking available.
No sensitive facilities data found.
Jun 18, 2026
$929,000
Initial Listing