729 733 Cherry Street Novato CA 94945 MLS #325023445

729 733 Cherry Street
Novato, CA, 94945
$4,395,000
Beds
0 Baths
10,368 SqFt
0.53 Acres
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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.

Property Details

Price:
$4,395,000
MLS #:
325023445
Status:
Active
Baths:
0
Address:
729 733 Cherry Street
Type:
Residential Income
Subtype:
5 or More Units
Neighborhood:
novato
City:
Novato
State:
CA
Finished Sq Ft:
10,368
ZIP:
94945
Lot Size:
23,000 sqft / 0.53 acres (approx)
Year Built:
1966
Days on Market:
14
List Date:
Mar 21, 2025

Interior

Exterior

Financial

Map

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Community

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