Rick Trono and Charles Turner Present

Novato Investment opportunity

$2,195,000

All Property Photos

Investment Opportunity: 12-Unit Apartment Complex in Marin County

Discover an exceptional investment opportunity in Marin County with this 12-unit multifamily apartment complex located in central Novato, CA offering significant rental upside, 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 while providing a clear path through potential rent adjustments.

Why Novato? Why Now?
As part of the thriving Marin County real estate market, this complex is perfectly situated to benefit from Northern California’s strong market.

Listed by:
Rick Trono
Broker Associate
DRE 01045523
Compass
415.515.1117

Charles Turner
Realtor
DRE 00716809
Glenn Realty
415.606.4135

Neighborhood

Located in the rolling hills and valleys of northern Marin County, Novato is the second-largest community in the county. Formerly known as a gateway to the Wine Country, Novato is increasingly being discovered as a destination in its own right. The reasons: great weather, a lively downtown, and homes that provide the best value in Marin.
Upscale housing includes the luxury homes of Black Point, Club, Pt. Marin, Bel Marin Keys, Alameda Del Prado, and Indian Valley Road.
Big-box shopping is concentrated in the Vintage Oaks Shopping Center, which houses a Costco, a Target, and a Macy's Furniture, among other businesses. Downtown, a beautification program has brought new life to the businesses along Grant Avenue. The downtown area is alive with a Tuesday evening farmers market, outdoor movies, parades, and art and wine festivals.
In the '90s, military base Hamilton Field was converted to new housing and a business park. The former hangars now house cutting-edge biotech companies, digital development companies, the Marin Museum of Contemporary Art, and more than 40 art studios. Novato is also headquarters of large insurance company Fireman's Fund, as well as the Buck Institute, a research organization that focuses solely on aging.