2nd STREET APARTMENTS

1048 2nd St, Novato, CA 94945

  • For Sale $4,500,000
  • Property Type Multi-Family
  • Property Size 10,617 SF
  • Units 9
  • Lot Size 0.34 Acre
  • Parking Spaces Avail. 16
  • Property Tenancy Multi-Tenant
  • Year Built 1996
  • Year Renovated 2010
  • Date Updated May 10, 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 9 spacious 2-story, 2-bedroom units, each featuring private backyards, in-unit washer/dryer, and forced air heating. With 100% occupancy and potential rental upside, this well-maintained property offers carport parking, rentable garages, and versatile MU:D zoning. Built in 1996 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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Attachments

Highlights

  • - All Units are on Month to Month Agreement
  • - Rents are well below market
  • - Possible owner financing with minium of 30% down payment.
  • - 10,617 SF building with 9 townhome style units
  • - Condo Conversion Possiblities
  • - Built in 1996, renovated in 2010
  • - Zoned MU:D for versatile usage
  • - 100% occupancy with low rents and potential upside
  • - Spacious 2-story, 2-bedroom units
  • - Private backyards for each unit
  • - Forced air heating for comfort
  • - In-unit washer/dryer for convenience
  • - Carport parking available
  • - Additional rentable garages included
  • - Prime downtown location with easy access to public transportation
  • - Proximity to a variety of goods and services

Contacts

broker

Gary Gustafson

SVN | MG Property Advisors

(415) 472-1660

Location

Getting Around

  • Walk Score ®

    90/100 Very Walkable

  • Transit Score ®

    40/100 Some Transit

  • Bike Score ®

    76/100 Very Bikeable
Powered by Walk Score ®
  • City Novato, CA
  • Zip Code 94945
  • Market San Francisco

Points of Interest

  • Novato Downtown

    0.45 miles

  • Novato San Marin

    0.82 miles

  • Novato Hamilton

    4.49 miles

  • Marin Civic Center

    7.72 miles

  • Petaluma Downtown

    9.48 miles

  • San Rafael Downtown

    9.88 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

    4.70 miles

  • Zenk Lot

    0.33 miles

  • ATHERTON / 101 Park and Ride

    0.64 miles

  • Novato Park And Ride

    0.68 miles

  • Rowland Boulevard Park And Ride

    1.32 miles

  • ROWLAND BLVD Park and Ride

    1.37 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

  • Las Guitarras

    0.30 miles

  • Panda Express

    0.36 miles

  • Papa Murphy's

    0.50 miles

  • The Habit Burger Grill

    0.50 miles

  • Subway

    0.53 miles

  • Pearl

    0.54 miles

  • Ayawaska Hilltop

    0.55 miles

  • Jack in the Box

    0.58 miles

  • Sam’s Place

    0.78 miles

  • JJ's Burger Joint

    1.14 miles

  • Our Lady of Loretto School

    0.67 miles

  • Lu Sutton Elementary School

    0.80 miles

  • Olive Elementary School

    0.82 miles

  • Hill Middle School

    0.89 miles

  • Rancho Elementary School

    1.01 miles

  • Novato High School

    1.39 miles

  • Sinaloa Middle School

    1.51 miles

  • Lynwood Elementary School

    1.66 miles

  • San Ramon Elementary School

    1.98 miles

  • San Marin High School

    2.27 miles

  • Marin Formative Christian Preschool

    5.92 miles

  • Gan Israel Preschool

    6.34 miles

Frequently Asked Questions

What is the lease rate for 2nd STREET APARTMENTS?

Rental asking rate at 2nd STREET APARTMENTS is $2,250,000.00/YR.

What is the total square footage of 2nd STREET APARTMENTS?

2nd STREET APARTMENTS totals 10,617 square feet.

When was this property built?

2nd STREET APARTMENTS was built in 1996.

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Contact Listing Broker

broker

Gary Gustafson

SVN | MG Property Advisors

(415) 472-1660