2nd STREET APARTMENTS

For Sale

1048 2nd St, Novato, CA 94945

This Novato property for sale is located at 1048 2nd St. The current listed sale price for 2nd STREET APARTMENTS is $4,500,000. 2nd STREET APARTMENTS is situated on a lot that is 0.34 acre in size.

Contacts

broker

Gary Gustafson

SVN | MG Property Advisors

Property Details

  • Property Type Multi-Family
  • Property Size 10,617 SF
  • Units 9
  • Lot Size 0.34 Acre
  • Additional Rent Contact for pricing
  • Parking Spaces Avail. 16
  • Parking Ratio 1.60 / 1,000 SF
  • Property Tenancy Multi-Tenant
  • Year Built 1985
  • Year Renovated 2010
  • Date Updated Sep 3, 2024
Discover the charm of Novato, CA, where 2nd Street Apartments are ideally situated. This vibrant community offers a perfect balance of suburban tranquility and urban convenience. Within close proximity, residents can explore the vibrant downtown area with its eclectic shops and restaurants, or unwind in the nearby parks and open spaces. The property is also conveniently located near top-rated schools, making it an ideal choice for families. With easy access to major transportation routes, residents can easily venture out to nearby attractions such as the Marin Museum of Contemporary Art or nearby wineries. Novato's blend of natural beauty and modern amenities makes it an appealing location for multifamily/low-rise/garden investors.Presenting a rare investment opportunity in the heart of Novato, CA. This impressive multifamily property boasts a 10,617 SF building with 8 spacious 2-story, 2-bedroom units, each featuring private backyards, in-unit washer/dryer, and forced air heating. 1 second floor 2 bdrm 1 bath unit with spacious deck. With 100% occupancy and potential rental upside, this well-maintained property offers carport parking, rentable garages, and versatile MU:D zoning. Built in 1985 and renovated in 2010, this prime downtown location provides easy access to public transportation and nearby amenities. Don't miss the chance to capitalize on this fully occupied, income-generating asset.

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Highlights

  • - 10,617 SF building with 9 townhome-style units
  • - Built in 1985, renovated in 2010
  • - Zoned MU:D for versatile usage
  • - 100% occupancy with potential upside
  • - Spacious 2-story, 2-bedroom units
  • - Private backyards for each unit
  • - In-unit washer/dryer for convenience
  • - Carport parking available
  • - Additional rentable garages included

Attachments

Getting around

  • 90/100

    Walk Score ®

  • 40/100

    Transit Score ®

  • 76/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Novato, CA
  • Zip Code 94945
  • Market San Francisco

Points of Interest

  • Novato Downtown

    0.45 miles

  • Marin Civic Center

    7.72 miles

  • Shell

    0.15 miles

  • Chevron

    0.18 miles

  • EV Charging Station

    0.50 miles

  • Shell

    1.22 miles

  • Chevron

    1.35 miles

  • Shell

    1.55 miles

  • Shell

    3.36 miles

  • Safeway Fuel Station

    3.91 miles

  • ChargePoint

    4.57 miles

  • ChargePoint

    4.74 miles

  • Zenk Lot

    0.33 miles

  • ATHERTON / 101 Park and Ride

    0.64 miles

  • Novato Park And Ride

    0.68 miles

  • ROWLAND BLVD Park and Ride

    1.37 miles

  • Rowland Boulevard Park And Ride

    1.42 miles

  • Miwok Park

    1.82 miles

  • Pacheco's Pond

    3.10 miles

  • Black Point Park And Ride

    3.18 miles

  • Bel Marin Keys Unit V Wetland Restoration Project

    3.20 miles

  • Black Point Boat Launch

    3.51 miles

  • Inn Marin And Suites, Ascend Hotel Collection

    3.19 miles

  • Courtyard by Marriott Novato Marin/Sonoma

    3.95 miles

  • Marinwood Inn & Suites

    4.19 miles

  • Four Points by Sheraton

    7.13 miles

  • Embassy Suites San Rafael - Marin County

    7.56 miles

  • Sheraton Sonoma Wine Country Petaluma

    8.70 miles

  • Whole Foods Market

    0.39 miles

  • Safeway

    0.41 miles

  • Macy's

    1.49 miles

  • Ross

    1.59 miles

  • Target

    1.68 miles

  • Marshalls

    1.72 miles

  • Harvest Market

    1.94 miles

  • Ignacio Center

    3.26 miles

  • Nugget Markets

    3.31 miles

  • Pacheco Plaza

    3.34 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Gary Gustafson

SVN | MG Property Advisors