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195 Los Robles Rd
Novato, CA 94949

$12MM Assumable Loan at 3.3% · Multifamily Property For Sale · 39 Units

Investment Highlights

  • Rare Opportunity to Assume Existing Financing w/ Excellent Terms: 3.3% Interest with a Remaining Loan Balance of $12MM
  • 2:1 Off-street Parking, On Site Laundry, Elevator, & Community Courtyard & Pool
  • Extensive Unit Renovations Completed in 2017
  • New Roofs, Upgraded Plumbing, Water Mains, Storm Drains, Dual Pane Windows, and New Landscaping
  • Highly Sought-After Novato Lo cation Near an Array o f Restaurants, Retail Shopping Outlets, & Commute Options

PROPERTY FACTS

No. Units 39
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 1.04 AC
Building Size 35,346 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1964/2017
Parking Ratio 2.28/1,000 SF

Unit Amenities

  • Balcony
  • Cable Ready
  • Dishwasher
  • Fireplace
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Range
  • Walk-In Closets
  • Patio
  • Smoke Free

Site Amenities

  • Courtyard
  • Laundry Facilities
  • Picnic Area
  • Playground
  • Pool
  • Storage Space
  • Elevator

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 3 - 600 - 826
2+1 33 - 854 - 1,008
2+2 3 - 951

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
160-302-30
Land Assessment
$3,696,643
Improvements Assessment
$12,878,044
Total Assessment
$16,574,687

zoning

Zoning Code PD (Planned District)
PD (Planned District)
  • Listing ID: 31808179

  • Date on Market: 5/15/2024

  • Last Updated:

  • Address: 195 Los Robles Rd, Novato, CA 94949

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