Log In/Sign Up
Your email has been sent.
Ignacio Pines 195 Los Robles Rd 39 Unit Apartment Building $20,076,120 CAD ($514,772 CAD/Unit) 5.43% Cap Rate Novato, CA 94949
Executive Summary
Ignacio Pines features a well-maintained 39-unit multifamily community located at 195 Los Robles Road in Novato, California. Situated on an expansive 1.04-acre parcel, the property encompasses approximately 35,346 square feet of rentable space and offers an attractive unit mix consisting primarily of (36) two-bedroom, one-bathroom apartments, complemented by (2) one-bedroom, one-bathroom units and one on-site manager's unit.
The property has benefited from extensive capital improvements and renovations, positioning it as a turnkey investment with limited near-term deferred maintenance. Significant upgrades include new roofs, upgraded plumbing, replaced water mains, storm drain improvements, new dual-pane windows, and a current seismic retrofit, providing long-term operational stability for future ownership. Interior renovations completed throughout the property include modernized kitchens and bathrooms, hardwood cabinetry, updated finishes, and spacious private decks for residents.
Residents enjoy a comprehensive amenity package featuring an approximately 2:1 off-street parking ratio, a fully operational elevator, individual balconies, on-site coin-operated laundry facilities, a shared landscaped courtyard including a swimming pool, generous communal storage areas with storage lockers, and mature landscaping throughout the grounds.
Ignacio Pines is offered 100% occupied with a stable tenant base paying rents that are generally near market levels and exhibiting an excellent payment history with no current delinquencies. The combination of strong in-place cash flow, substantial recent capital improvements, and desirable community amenities presents investors with an exceptional opportunity to acquire a high-quality Marin County apartment asset.
The property has benefited from extensive capital improvements and renovations, positioning it as a turnkey investment with limited near-term deferred maintenance. Significant upgrades include new roofs, upgraded plumbing, replaced water mains, storm drain improvements, new dual-pane windows, and a current seismic retrofit, providing long-term operational stability for future ownership. Interior renovations completed throughout the property include modernized kitchens and bathrooms, hardwood cabinetry, updated finishes, and spacious private decks for residents.
Residents enjoy a comprehensive amenity package featuring an approximately 2:1 off-street parking ratio, a fully operational elevator, individual balconies, on-site coin-operated laundry facilities, a shared landscaped courtyard including a swimming pool, generous communal storage areas with storage lockers, and mature landscaping throughout the grounds.
Ignacio Pines is offered 100% occupied with a stable tenant base paying rents that are generally near market levels and exhibiting an excellent payment history with no current delinquencies. The combination of strong in-place cash flow, substantial recent capital improvements, and desirable community amenities presents investors with an exceptional opportunity to acquire a high-quality Marin County apartment asset.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $20,076,120 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $514,772 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 1.04 AC |
| Cap Rate | 5.43% | Building Size | 35,346 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.65 | No. Stories | 3 |
| No. Units | 39 | Year Built/Renovated | 1964/2017 |
| Property Type | Multifamily | Parking Ratio | 2.28/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | PD - Planned District | ||
| Price | $20,076,120 CAD |
| Price Per Unit | $514,772 CAD |
| Sale Type | Investment |
| Cap Rate | 5.43% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.65 |
| No. Units | 39 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.04 AC |
| Building Size | 35,346 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1964/2017 |
| Parking Ratio | 2.28/1,000 SF |
| Zoning | PD - Planned District |
Amenities
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Walk-In Closets
- Patio
- Smoke Free
Site Amenities
- Courtyard
- Laundry Facilities
- Picnic Area
- Playground
- Pool
- Recycling
- Smoke Free
- Storage Space
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $3,119 CAD | 826 |
| 2+1 | 33 | $3,625 CAD | 854 - 1,008 |
| 2+2 | 3 | $3,776 CAD | 951 |
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 160-302-30 | Total Assessment | $24,363,127 CAD (2026) |
| Land Assessment | $5,433,989 CAD (2026) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $18,929,138 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
160-302-30
Land Assessment
$5,433,989 CAD (2026)
Improvements Assessment
$18,929,138 CAD (2026)
Total Assessment
$24,363,127 CAD (2026)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2025
1 of 23
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Ignacio Pines | 195 Los Robles Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.