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    Residential Income Property with Carport Parking Title is generated by Realmo AI

    1002 El Granada Circle, Novato, CA 94949

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    Claim this Listing
    New
    For Sale
    $295,000

    For sale in Marin with gated entry and two-car tandem parking in a carport.

    Type:Manufactured In Park
    Property size:
    1,464 SF
    Price / SF:
    $201/SF
    Added:
    Jun 9, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 13 at 2:21 am

    Property Features for 1002 El Granada Circle

    General Information

    Standard status
    Active
    Size
    1,464 SF
    Property subtype
    Manufactured In Park

    Building Details

    Year Built
    1974

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    Listing Contact
    Marty M. Wickenheiser

    Listing agent Marty M. Wickenheiser

    Listing office

    Listing date Jun 9, 2026

    Source Evrealestate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Marty M. Wickenheiser

    HighLights

    • Gated entry and two‑car tandem parking in a carport
    • Central air conditioning and central heating
    • Kitchen appliances include double oven, gas cooktop, dishwasher, disposal, and built‑in refrigerator
    • Interior features include a pantry
    • Exterior includes covered and guest parking plus off‑street parking and storage
    • Year built: 1974

    Overview

    This residential income property is offered for sale and includes covered, tandem parking in a carport for two vehicles. Entry is controlled through gates, supporting an organized arrival and day-to-day access.

    Access directions provided for the property start from 101 to Nave Dr, then turn onto Roblar to enter through the gates. From there, the route continues with a first right at the stop sign and then right on El Granada.

    The property’s gated access and tandem carport parking can be practical for tenants and owners looking for straightforward vehicle accommodation. Prospective buyers may find the layout and parking arrangement useful for day-to-day convenience, while the described on-site access route supports easy visitor and service travel to the property.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $40.9k $27.96
    − Vacancy −$2.4k −$1.62
    EGI $38.6k $26.34
    − OpEx −$17.4k −$11.85
    NOI $21.2k $14.49
    1,464 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $303.0K
    $265.1K – $353.5K (±1% cap)
    NOI $21,208 @ 7.0% cap · market cap 7.19%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Specialty Retail
    $7.15M
    $6.26M – $8.34M (±1% cap)
    NOI $500,573 @ 7.0% cap · market cap 169.69%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Mobile home & RV ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Novato
    County
    Marin
    State
    California
    Longitude
    -122.5338006
    Latitude
    38.0656971

    FAQs

    What type of property is this?
    Mobile home & RV park - For sale in Marin with gated entry and two-car tandem parking in a carport.
    Where is this mobile home & rv park located?
    The property is located at 1002 El Granada Circle Novato, CA.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: Gated entry and two‑car tandem parking in a carport; Central air conditioning and central heating; Kitchen appliances include double oven, gas cooktop, dishwasher, disposal, and built‑in refrigerator
    More about this property
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