1052 7th Street Novato, CA 94945
MULTI_FAMILY - Contemporary - Novato, CA
Property Features for 1052 7th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 8
- Rooms
- Bedroom 8, Bathroom 7, Bathroom 4, Bedroom 2, Bathroom 5, Bedroom 1, Bedroom 6, Bedroom 3, Bedroom 4, Bathroom 8, Bathroom 6, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 7, Bathroom 1
- Parking
- 8
- Parking features
- Covered, Carport
- Standard status
- Active Under Contract
- APN
- 14125130
- Size
- 4,004 SF
- Lot size
- 0.16 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Water source
- Public
Building Details
- Year built
- 1978
- Floors in Building
- 2
- Number of units
- 4
- Building materials
- Wood
- Roof type
- Composition
- Architectural style
- Contemporary
Listing agent Pamela Burke License #02156257 (415) 424-9835
Listing office Golden Gate Sotheby's International Realty 500 Drakes Landing Road, Mill Valley, CA (415) 464-9300
Listing date Jul 13, 2026
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Investment Insights
Based on property information with market context.
Located on the far west side of downtown Novato, the property is positioned near downtown while still set far enough away to maintain a quieter residential feel. Access is provided via a shared easement driveway with the building next door, which is also available for sale.
From a tenant perspective, the combination of in-unit laundry, private outdoor space, and dedicated parking supports everyday livability. For buyers and operators, the four-unit configuration provides a straightforward rental setup with consistent unit amenities across the building, along with long-term physical characteristics such as wood-frame construction and a composition roof system. The shared driveway easement also creates a practical shared access point for ingress and egress.
Key Highlights
- Four 2BR/1.5 BA townhouse apartments on a level lot near downtown Novato
- Each unit includes an individual laundry room and a private fenced backyard area
- Ample off‑street parking with each apartment offering two spaces: one carport and one open
Local Financial Insights For Multifamily LT 5
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 | $204.2k | $51.00 |
| − Vacancy | −$12.2k | −$3.05 |
| EGI | $192.0k | $47.95 |
| − OpEx | −$57.6k | −$14.39 |
| NOI | $134.4k | $33.57 |
