Ignacio Pines
195 Los Robles Road
Novato,
CA 94949
39 Units
Property Summary
| Price | $17,900,000 |
| Units | 39 |
| Year Built | 1964 |
| Rentable SF | 34,325 |
Investment Highlights
- Desirable Unit Mix
- Highly Occupied with Immediate Rental Upside
- Attractive Assumable Loan
- Commutable to Over 2.2 Million Jobs
- Median Home Price of $1.1 Million+ with 55% Affordability Gap
- Value Add Opportunity
Property Description
THE MOGHAREBI GROUP is pleased to present the opportunity to acquire Ignacio Pines Apartments, a 39-unit, multifamily community located in Novato, California. Built in 1964 and renovated in 2017, the property is comprised of two, three-story buildings housing a mix of spacious one- and two-bedroom floorplans ranging in size from 826 to 1,008 square feet. Community amenities include a swimming pool, laundry facilities, courtyard, and covered parking.
195 Los Robles Road
Novato, CA 94949
Novato, CA 94949
Located adjacent to the Loma Verde Preserve, Ignacio Pines enjoys a scenic location while being convenient to nearby shopping, dining, and conveniences along nearby Ignacio Boulevard and Nave Drive. The property is also convenient to Highway 101 and the Novato-Hamilton station along the Sonoma-Marin Area Rail Transit (SMART) line which connects area residents to the employment, entertainment, shopping, and dining located in San Francisco, approximately 30 miles to the south.
Listing Advisors
Otto Ozen