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+17073283039
Merge Real Estate
230 San Andreas Dr, Novato, CA 94945
- $1,350,000
- 2,592
- SqFt
- Sold Price
- $1,350,000
- List Price
- $1,250,000
- Status
- CLOSED
- MLS#
- 326024223
- Closing Date
- Apr 23, 2026
- Year Built
- 1972
- Property Type
- Triplex
- Living Area
- 2,592
- Lot Size
- 9,570
- Acres
- 0.22
- County
- Marin
- Region
- Novato
Property Description
230 San Andreas Drive presents a clean, well-maintained triplex comprising three townhouse-style units. This is an efficient, low-maintenance asset poised for stable cash flow and long-term appreciation. Each unit offers a multi-level floor plan, each with private, fenced patios, which drives tenant demand and retention, reducing turnover and vacancy exposure. The property has been consistently maintained, minimizing near-term capital expenditures and supporting predictable operating performance. Investment Highlights: * Desirable townhome-style configuration (premium rental appeal vs. flat units) * Stable in-place income with a clear path to rental upside * Low deferred maintenance; operationally efficient asset * Favorable unit mix for broad tenant pool * Strong Novato submarket with consistent demand. Strategically located with immediate access to Hwy 101 and Novato's retail/employment corridors, the property benefits from durable occupancy fundamentals and rent growth potential. Ideal for investors seeking a low-friction acquisition with day-one income and the ability to optimize returns through rent repositioning over time.
Additional Information
- Carport Spaces
- 3
- Basement
- None
- Floors
- Carpet, Vinyl
- Foundation
- Slab
- Heating
- Central
- Cooling
- None
- Lot Description
- Corner Lot, Landscape Front
- Possession
- Close Of Escrow
- Roof
- Foam
- Utilities
- Cable Available, Electricity Available, Internet Available, Natural Gas Available
- School District
- Novato Unified
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Listing courtesy of Eric Blomendale from Coldwell Banker Realty
Sold listing courtesy of Deirdre O'Brien from Compass
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