195 Los Robles Rd
Novato, CA 94949
Ignacio Pines · Multifamily Property For Sale · 39 Units

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.