Residential Income Property with Carport
1002 El Granada Circle Novato, CA 94949
For Sale
$295,000
For sale in Marin with gated entry and two-car tandem parking in a carport.
Property Size1,464 SF
Price / SF$201.50
Days on Market51
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
Listing Agency:
(415) 654-1711
Listed By:
Marty M. Wickenheiser
(415) 654-1711
Source:
Evrealestate
Added: Jun 9
Changed: Jul 10
Last Checked: Jul 29 at 5:43AM
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
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
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
NOI $500,573 @ 7.0% cap · market cap 169.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
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
