6.07% Starting Cap Rate in Marin County! Excellent investment opportunity to own an upgraded 12-unit apartment complex with rental upside in coveted Marin County. Highlighted by a unit mix of eight (8) 2-bedroom, 1-bath units and four (4) 1-bedroom, 1-bath units, the subject property consists of two buildings located on three separate parcels in central Novato, CA. The property has undergone substantial renovations in the last few years including new roofs, new exterior stairways and decks, updated hardscape throughout including a newly paved courtyard, dual-pane windows in all units, new exterior paint and drought resistant landscaping. Two of the units have full interior remodels and four additional units have new flooring. The apartment complex features an on-site laundry room, carport parking and separate meters for gas and electric.
Closed
Zillow last checked:
Listing updated:
Bought with:
Bernice Yap
P&A Realty
Source: BAREIS,MLS#: 324023387
Originating MLS: Marin County
Originating MLS: Marin CountyPrice history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Listing removed | $2,100 |
Source: Zillow Rentals Report a problem | ||
| 6/12/2026 | Listed for rent | $2,100-16% |
Source: Zillow Rentals Report a problem | ||
| 3/4/2026 | Listing removed | $2,500 |
Source: Zillow Rentals Report a problem | ||
| 2/6/2026 | Listed for rent | $2,500 |
Source: Zillow Rentals Report a problem | ||
| 7/29/2024 | Sold | $3,080,532-2.2%$400/sqft |
Source:  BAREIS #324023387 Report a problem | ||
| 5/17/2024 | Pending sale | $3,150,000$409/sqft |
Source: BAREIS #324023387 Report a problem | ||
| 5/6/2024 | Listed for sale | $3,150,000$409/sqft |
Source: BAREIS #324023387 Report a problem | ||
| 4/9/2024 | Pending sale | $3,150,000$409/sqft |
Source: BAREIS #324023387 Report a problem | ||
| 4/5/2024 | Listed for sale | $3,150,000-21.2%$409/sqft |
Source: BAREIS #324023387 Report a problem | ||
| 8/2/2023 | Listing removed | $3,995,000$519/sqft |
Source: BAREIS #323025797 Report a problem | ||
| 4/25/2023 | Listed for sale | $3,995,000$519/sqft |
Source: BAREIS #323025797 Report a problem | ||
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Estimated market value
$2,866,300
