Property Details
About this Property
Excellent investment opportunity to acquire a well-maintained 15-unit apartment complex located on a corner lot in Novato, CA. Highlighted by a unit mix of thirteen (13) 1-bedroom, 1-bath townhouse-style units and two (2) 2-bedroom, 1-bath townhouse-style units, the subject property consists of three buildings located on over a half-acre parcel in the coveted Marin County rental market. All units have updated interiors including flooring, paint, appliances and fixtures. A stucco skim coat and exterior paint was completed in 2021 and the water heaters were replaced in 2022. There are dual-pane windows throughout and each building has a pitched composite shingle roof. The apartment complex features separate storage units for each apartment, an on-site laundry room, abundant carport parking and separate meters for gas and electric. The property is located minutes away from Downtown Novato, which includes Whole Foods Market, Trader Joe's, Rustic Bakery, Starbucks, and many other shops, restaurants and entertainment activities. Located just 25 miles north of San Francisco and less than 20 miles from the town of Sonoma, this apartment complex is surrounded by everything Northern California has to offer.
MLS Listing Information
MLS #
BA325023445
MLS Source
Bay Area Real Estate Information Services, Inc.
Days on Site
11
Interior Features
Flooring
Varies by Unit
Laundry
Coin Operated
Cooling
None
Heating
Baseboard
Exterior Features
Roof
Composition, Shingle
Foundation
Slab
Parking, School, and Other Information
Garage/Parking
Carport, Off-Street Parking, Street, Garage: 0 Car(s)
Sewer
Public Sewer
Water
Public
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 3 | 14 | 15 |
| Type | Sq Ft | Beds | Baths | Min Rent | Max Rent | Units Like This |
|---|---|---|---|---|---|---|
| 1 | 0 | 0 | 0/0 | – | – | – |
| 2 | 0 | 0 | 0/0 | – | – | – |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Olive Elementary School | public | K-5 | 0.50 mi | |
| Nova Education Center | public | K-12 | 1.24 mi | |
| Marin Oaks High School | public | 9-12 | 1.24 mi | |
| Novato Adult Education Center | public | UG | 1.25 mi | N/A |
| Nexus Academy | public | 7,8,9,10 | 1.26 mi | N/A |
| Lu Sutton Elementary School | public | K-5 | 1.30 mi | |
| Novato Early Intervention | public | UG | 1.32 mi | N/A |
| Rancho Elementary School | public | K-5 | 1.32 mi | |
| Novato High School | public | 9-12 | 1.74 mi | |
| Lynwood Elementary School | public | K-5 | 1.76 mi | |
| Sinaloa Middle School | public | 6-8 | 1.88 mi | |
| San Ramon Elementary School | public | K-5 | 2.29 mi | |
| San Marin High School | public | 9-12 | 2.52 mi | |
| San Jose Intermediate | public | 6-8 | 2.59 mi | |
| Pleasant Valley Elementary School | public | K-5 | 2.76 mi | |
| Loma Verde Elementary School | public | K-5 | 3.51 mi | |
| Hamilton Meadow Park School | public | K-8 | 4.48 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
729 Cherry St is a Residential Income in Novato, CA 94945. This 10,368 square foot property sits on a 0.528 Acres Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,395,000 and was built in 1966. This address can also be written as 729 Cherry St, Novato, CA 94945.
©2025 Bay Area Real Estate Information Services, Inc. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from Bay Area Real Estate Information Services, Inc.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of March 21, 2025. For the most current information, please contact Steven Level, (415) 747-2150
