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Location |
Novato, CA |
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Units/SF |
39 Units |
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Year Built |
1964 |
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Status |
Available |
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Asking Price |
Call for Details |
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Offer Date |
N/A |
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Highlights |
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Well Located – Ignacio Pines is conveniently located near the intersection of Highways 101 and 37. This location affords easy commuting south to San Francisco (19 miles), north to Santa Rosa (29 miles), or east to the Wine Country and the towns of Sonoma and Napa (20 and 29 miles, respectively). Moreover, Ignacio Pines is adjacent to over 3,000 acres of open space to the west, giving the property an atmosphere of peaceful seclusion in addition to its convenient proximity to the highways.
- Well Amenitized – Ignacio Pines features an interior courtyard with a swimming pool, children’s playground, and barbecue and picnic area; ample parking with two parking spaces per unit; 20 on-site tenant storage units; and on-site coin-operated laundry facilities.
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Excellent Unit Mix – The unit mix is almost entirely two-bedroom apartments, with a few one-bedroom units. Specifically, there are 32 two-bedroom and one-bath (2 x 1) units averaging 770 square feet, four (4) two-bedroom and two-bath (2 x 2) units averaging 800 square feet, and three (3) one-bedroom and one-bath (1 x 1) units averaging 600 square feet.
- High Barrier to Entry Market – A lack of suitable building sites and onerous local building regulations and fee structures are responsible for Marin County’s perpetual rental housing shortage. The county is consistently one of the most supply constrained markets in the state, resulting in historically stable rents and very high occupancy levels. |
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Contacts |
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Ryan Wagner l Senior Associate l 415.273.2127
Jamie Clifford l Senior Associate l 415.273.2137
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