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1052 7th St
Novato, CA 94945

$1,600,000 USD

Apartments For Sale  •  4,004 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,004 SF
  • Lot Size 0.15 AC
  • Building Class C
  • Year Built 1979
  • Cap Rate 6.79 %
30 Transit Score
50 Walk Score

Highlights

Four townhouse-style apartments, each featuring two bedrooms, 1.5 baths, and private backyards.
Individual laundry rooms in every unit for added tenant convenience.
Dedicated off-street parking for eight vehicles, including carport and open spaces.
Well-maintained structure built in 1979 on a level 6,803 SF lot with a concrete perimeter foundation.
Strong in-place income with approximately $144,000 in annual scheduled rents and a 6.8% cap rate.
Prime Novato location near downtown conveniences, US 101 access, and nearby retail and dining options.

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $108,700 USD (2026)
Cap Rate: 6.79 %
Total Expenses: $35,300 USD

Public Transportation

Commuter RailDriveWalkDistance
3 min 18 min 0.9 mi
4 min - 1.3 mi
AirportDriveWalkDistance
Charles M Schulz - Sonoma County 44 min - 34.7 mi
San Francisco International 64 min - 42.2 mi
Metro Oakland International 58 min - 42.3 mi
Michael Burke 415-877-1077 Golden Gate Sotheby's International Realty
Michael Burke 415-877-1077 Golden Gate Sotheby's International Realty