Renovated Apartment
For Sale
$14,500,000
195 Los Robles Road, Novato, CA 94949
Novato, CA
Property Size35,346 SF
Lot Size1.04 Acres
Price / SF$410.23
Days on Market37
Property Features for 195 Los Robles Road
General Information
Property type
Residential Multi Family
Property subtype
Single Family Attached
Bedrooms
75
Rooms
Bedroom 13, Bedroom 12, Bedroom 34, Bedroom 1, Bedroom 22, Bedroom 44, Bedroom 39, Bedroom 74, Bedroom 2, Bedroom 67, Bedroom 54, Bedroom 6, Bedroom 11, Bedroom 51, Bedroom 38, Bedroom 45, Bedroom 47, Bedroom 63, Bedroom 18, Bedroom 14, Bedroom 46, Bedroom 57, Bedroom 42, Bedroom 35, Bedroom 43, Bedroom 33, Bedroom 68, Bedroom 70, Bedroom 58, Bedroom 64, Bedroom 28, Bedroom 37, Bedroom 25, Bedroom 36, Bedroom 8, Bedroom 3, Bedroom 59, Bedroom 5, Bedroom 26, Bedroom 50, Bedroom 4, Bedroom 16, Bedroom 17, Bedroom 20, Bedroom 30, Bedroom 29, Bedroom 40, Bedroom 49, Bedroom 62, Bedroom 69, Bedroom 60, Bedroom 15, Bedroom 7, Bedroom 23, Bedroom 10, Bedroom 24, Bedroom 27, Bedroom 31, Bedroom 19, Bedroom 61, Bedroom 65, Bedroom 41, Bedroom 73, Bedroom 56, Bedroom 48, Bedroom 71, Bedroom 9, Bedroom 32, Bedroom 53, Bedroom 75, Bedroom 72, Bedroom 55, Bedroom 52, Bedroom 66, Bedroom 21
Standard status
Active
Size
35,346 SF
Lot size
1.04 Acres
Amenities
private decks
Building Details
Year built
1946
Listing Agency:
Engel & Volkers San Francisco Union Street · Engel & Völkers
(415) 689-8592
Listed By:
Nicolo Giacomini
Added: Sep 1
Changed: Sep 23
Last Checked: Oct 7 at 9:06PM
MLS# 326074364
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 39-unit apartment community occupies a 1.04-acre parcel and contains approximately 35,346 square feet of rentable space. The unit mix includes 36 two-bedroom, one-bathroom apartments, two one-bedroom, one-bathroom units, and one on-site manager’s unit. Interior work includes refreshed kitchens and bathrooms, hardwood cabinetry, updated finishes, and private decks.
Capital improvements address several major building components, including new roofs, upgraded plumbing, replaced water mains, storm drain work, dual-pane windows, and a current seismic retrofit. Built in 1946, the property is located at 195 Los Robles Road in Novato, California.
Capital improvements address several major building components, including new roofs, upgraded plumbing, replaced water mains, storm drain work, dual-pane windows, and a current seismic retrofit. Built in 1946, the property is located at 195 Los Robles Road in Novato, California.
Key Highlights
- 39‑unit multifamily community on 1.04 acres
- Approximately 35,346 square feet of rentable space
- Unit mix includes 36 two‑bedroom units, 2 one‑bedroom units, and 1 manager’s unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$512,025
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,240,500
$10.2M
Cap Rate 7%
$7,314,643
$7.3M
Cap Rate 9%
$5,689,167
$5.7M
Market Conditions
NOI Build-Up for 35,346 SF
Gross rent
$988.3K $27.96/SF
− Vacancy
−$57.3K −$1.62/SF
EGI
$931.0K $26.34/SF
− OpEx
−$418.9K −$11.85/SF
NOI
$512.0K $14.49/SF
Area
Marin County, CA
Vacancy
5.80%
Lease Rate
$27.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$10,240,500
Cap Rate 7%
$7,314,643
Cap Rate 9%
$5,689,167
Alternative Uses
Best Use
Apartment 5plus
$7.31M
$6.40M – $8.53M
NOI $512,025 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$172.65M
$151.07M – $201.43M
NOI $12,085,549 @ 7.0% cap · market cap 83.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
39
Residential units
Location Intelligence
Trade Area within ½ mile
461
Businesses Nearby
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Business Placement
Demographics for 94949, CA
17,588
Population
7,541
Households
2.3
Avg Household Size
46
Median Age
48%
College-Educated
93%
High-School Grad
13.4 sq mi
ZIP Area
1,313
Density / Sq Mi
$116,101
Median Household Income
$60,149
Median Earnings
$2,596
Median Rent
$1,075,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 39-unit multifamily property with updated interiors, private resident decks, and substantial building-system improvements.
Where is this apartment building located?
The property is located at 195 Los Robles Road Novato, CA.
What is the asking price?
The asking price for this property is $14,500,000.
What are key features of this property?
This property features: 39‑unit multifamily community on 1.04 acres; Approximately 35,346 square feet of rentable space; Unit mix includes 36 two‑bedroom units, 2 one‑bedroom units, and 1 manager’s unit
