Residential Income
123 Ensenada Drive Novato, CA 94949
123 Ensenada Drive, Novato, CA, 94949
$395,000
For Sale
$395,000
For sale in Marin County at 123 Ensenada Drive, with a property size of 1,560.
Property Size1,560 SF
Price / SF$253.21
Days on Market172
Property Features for 123 Ensenada Drive
General Information
- Standard status
- Active
- Size
- 1,560 SF
- Property subtype
- Manufactured In Park
Building Details
- Year Built
- 1965
Listing agency
(415) 640-1850
Listed by
Denise Montalvo · License #01780793
(415) 640-1850
Source
Evrealestate
Added: Jan 30 Updated: Jul 20 at 5:23PM Checked: Jul 21 at 4:09AM
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 Denise Montalvo
Investment Insights
Based on property information with market context.
This residential income property is offered for sale at 123 Ensenada Drive in Marin County. The listing includes a reported property size of 1,560, and it is being marketed under residential income and multifamily-related property types.
Directions provided with the listing indicate: turn left on Roblar, then right on Ensenada to the end.
While additional interior or site details are not provided in the available information, this property may be of interest to buyers looking for residential income exposure in Marin County.
Directions provided with the listing indicate: turn left on Roblar, then right on Ensenada to the end.
While additional interior or site details are not provided in the available information, this property may be of interest to buyers looking for residential income exposure in Marin County.
Key Highlights
- 123 Ensenada Drive in Marin County
- Approx. 1,560 property size
- Built in 1965
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 | $43.6k | $27.96 |
| − Vacancy | −$2.5k | −$1.62 |
| EGI | $41.1k | $26.34 |
| − OpEx | −$18.5k | −$11.85 |
| NOI | $22.6k | $14.49 |
1,560 SF · lease $27.96/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$322.8K
$282.5K – $376.6K
NOI $22,598 @ 7.0% cap · market cap 5.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$7.62M
$6.67M – $8.89M
NOI $533,397 @ 7.0% cap · market cap 135.04%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Similar For Sale Nearby
FAQs
What type of property is this?
Mobile home & RV park - For sale in Marin County at 123 Ensenada Drive, with a property size of 1,560.
Where is this mobile home & rv park located?
The property is located at 123 Ensenada Drive Novato, CA.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 123 Ensenada Drive in Marin County; Approx. 1,560 property size; Built in 1965
