Discover an exceptional investment opportunity in Marin County with this 12-unit multifamily apartment complex located in central Novato, CA this property is comprised of 2 two-story buildings. Property Highlights: Unit Mix - 8 spacious 2-bedroom, 1-bath units - 4 comfortable 1-bedroom, 1-bath units. Amenities & Features: On-site laundry room for tenant convenience. Covered carport parking. Individually metered utilities for gas and electric. Prime Location: Located just minutes from Vintage Oaks Shopping Center, tenants enjoy access to popular retailers like Costco, Target, and Starbucks, along with dining favorites such as In-N-Out Burger, Panera Bread and Hopmonk Tavern. The property is ideally positioned 20 miles north of San Francisco and under 25 miles from Sonoma, offering convenience for commuters and weekend adventurers alike. Steady Income & Upside Potential: This apartment complex has a history of high occupancy with minimal tenant turnover, reflecting strong demand in the area. The property offers peace of mind to investors. Chase Bank assumable loan and seller will carry a second.
Closed
Zillow last checked:
Listing updated:
Bought with:
Steven Level, DRE #01184232
Berkshire Hathaway
Source: BAREIS,MLS#: 324092309
Originating MLS: Marin County
Originating MLS: Marin CountyPrice history
| Date | Event | Price |
|---|---|---|
| 4/3/2025 | Sold | $1,832,500-16.5%$238/sqft |
Source:  BAREIS #324092309 Report a problem | ||
| 2/3/2025 | Pending sale | $2,195,000$285/sqft |
Source: BAREIS #324092309 Report a problem | ||
| 2/2/2025 | Contingent | $2,195,000$285/sqft |
Source: BAREIS #324092309 Report a problem | ||
| 2/1/2025 | Listed for sale | $2,195,000$285/sqft |
Source: BAREIS #324092309 Report a problem | ||
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Estimated market value
$1,905,900
