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Renovated Apartment Building
New
For Sale
$14,500,000

195 Los Robles Road, Novato, CA 94949

Novato, CA

Property Size1,555 SF
Lot Size1.04 Acres
Price / SF$9,324
Days on Market1

Property Features for 195 Los Robles Road

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Bedrooms 75
Rooms Bedroom 22, Bedroom 30, Bedroom 55, Bedroom 67, Bedroom 63, Bedroom 49, Bedroom 50, Bedroom 17, Bedroom 36, Bedroom 16, Bedroom 39, Bedroom 69, Bedroom 75, Bedroom 61, Bedroom 33, Bedroom 37, Bedroom 44, Bedroom 47, Bedroom 5, Bedroom 31, Bedroom 57, Bedroom 71, Bedroom 43, Bedroom 38, Bedroom 52, Bedroom 32, Bedroom 1, Bedroom 2, Bedroom 54, Bedroom 35, Bedroom 65, Bedroom 13, Bedroom 9, Bedroom 23, Bedroom 29, Bedroom 40, Bedroom 53, Bedroom 48, Bedroom 27, Bedroom 66, Bedroom 41, Bedroom 62, Bedroom 51, Bedroom 60, Bedroom 3, Bedroom 20, Bedroom 45, Bedroom 58, Bedroom 74, Bedroom 6, Bedroom 70, Bedroom 15, Bedroom 10, Bedroom 4, Bedroom 19, Bedroom 21, Bedroom 28, Bedroom 64, Bedroom 8, Bedroom 72, Bedroom 14, Bedroom 26, Bedroom 12, Bedroom 59, Bedroom 34, Bedroom 73, Bedroom 42, Bedroom 56, Bedroom 25, Bedroom 68, Bedroom 11, Bedroom 7, Bedroom 24, Bedroom 18, Bedroom 46
Standard status Active
Size 1,555 SF
Lot size 1.04 Acres

Amenities

private decks

Building Details

Year built 1946
Listing Agency: Engel & Volkers San Francisco Union Street · Engel & Völkers
Listed By: Nicolo Giacomini
Added: Sep 1 Last Checked: Sep 1 at 8:06AM
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.

Ignacio Pines is a 39-unit apartment community at 195 Los Robles Road in Novato, California. The property contains approximately 35,346 square feet of rentable space on a 1.04-acre parcel. Its unit mix includes 36 two-bedroom, one-bathroom apartments, two one-bedroom, one-bathroom apartments, and one on-site manager’s unit. Built in 1946, the community features private decks along with renovated kitchens and bathrooms, hardwood cabinetry, and updated interior finishes.

Capital improvements include new roofs, upgraded plumbing, replaced water mains, storm drain work, new dual-pane windows, and a current seismic retrofit. These improvements address major building systems and complement the interior renovations across the property. The asset is located in Novato’s 94949 ZIP Code within Marin County.

Key Highlights

  • 39‑unit apartment community on a 1.04‑acre parcel
  • Approximately 35,346 square feet of rentable space
  • Unit mix includes 36 two‑bedroom units, 2 one‑bedroom units, and 1 manager’s unit

Property Analytics

Current Use

Ignacio Pines Apartments Apartment Building Tony's Handyman Services Hardware & Home Improvement

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Skin Care Clinic Grocery & Convenience Store Florist Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

39
Residential units

Location Intelligence

Trade Area within ½ mile

461
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Well-maintained apartment community 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 apartment community on a 1.04‑acre parcel; Approximately 35,346 square feet of rentable space; Unit mix includes 36 two‑bedroom units, 2 one‑bedroom units, and 1 manager’s unit
More about this property
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