729 733 Cherry Street
Novato, CA 94945
- – beds
- – baths
- 10,368 sqft
- ~1/2 acre lot
- $423 per sqft
- 1966 build
- – on site
Excellent investment opportunity to acquire a well-maintained 15-unit apartment complex located on a corner lot in Novato, CA. Highlighted by a unit mix of thirteen (13) 1-bedroom, 1-bath townhouse-style units and two (2) 2-bedroom, 1-bath townhouse-style units, the subject property consists of three buildings located on over a half-acre parcel in the coveted Marin County rental market. All units have updated interiors including flooring, paint, appliances and fixtures. A stucco skim coat and exterior paint was completed in 2021 and the water heaters were replaced in 2022. There are dual-pane windows throughout and each building has a pitched composite shingle roof. The apartment complex features separate storage units for each apartment, an on-site laundry room, abundant carport parking and separate meters for gas and electric. The property is located minutes away from Downtown Novato, which includes Whole Foods Market, Trader Joe's, Rustic Bakery, Starbucks, and many other shops, restaurants and entertainment activities. Located just 25 miles north of San Francisco and less than 20 miles from the town of Sonoma, this apartment complex is surrounded by everything Northern California has to offer.
Last checked:
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Last updated Mar 22, 2025
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MLS# 325023445 —
The Building
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Year Built:1966
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Year Built Source:Assessor Agent-Fill
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Subtype Description:Apartments, Garden Apartments
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Levels:Two
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Roof:Composition, Shingle
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Foundation:Concrete, Slab
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Window Features:Dual Pane Full
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# of Units Total:15
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SqFt:10,368 Sqft
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# of Buildings:3
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SqFt Source:Assessor Agent-Fill
Interior
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Flooring:Varies by Unit
Location
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Directions:729-733 Cherry St, Novato, CA
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Cross Street:Armstrong Ave
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Area:Novato
The Property
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Property Type:Residential Income
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Property Type:5 or More Units
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Lot Features:Corner, Landscape Front, Shape Irregular, Sidewalk
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23000Lot SqFt:
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Lot Size Measurement:SqFt
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Lot Size Source:Assessor Agent-Fill
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0.5280Acres:
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Assessors Parcel Number:143-072-41
The Listing
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Special Listing Conditions:Offer As Is
Heating & Cooling
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Heating:Baseboard
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Cooling:None
Utilities
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Water Source:Public
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Sewer:Public Sewer
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Separate Meters:Electricity, Gas
Appliances
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Laundry Features:Coin Operated, In Common Area, Washer/Dryer Leased
The Community
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Association:No
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Cap Rate:5.26
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Association:Marin County
Parking
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Carport Spaces:16.00
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Total Parking Spaces:22.00
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Parking Features:Carport, Off Street, Street, Uncovered
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Open Parking Spaces:6.00
Extra Units
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# of 1 Bedroom Units:13
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# of 2 Bedroom Units:2
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Unit 1 Type:Apartment
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Unit 2 Type:Apartment
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
3/21/25
Mar 21, 2025
|
Listed / Active | BAREIS | $4,395,000 |
