230 San Andreas Drive, Novato, CA 94945, Novato, 94945 - 0 bed, 0 bath
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Novato, CA 94945
Analysis of 230 San Andreas Drive, Novato, CA 94945 is currently available with a list price of $1,250,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Novato Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is move-in ready.
The property is move-in ready and appears well-maintained. Although built in 1972, the interior has undergone a recent cosmetic refresh, including new luxury vinyl plank flooring and fresh white paint throughout. The kitchen features painted cabinetry and updated laminate countertops, and while the appliances are basic white electric models, they appear clean and functional. The property shows minimal signs of deferred maintenance, making it a solid, operationally efficient asset.
The multi-level townhouse layout is a significant advantage over traditional flat units, offering tenants more privacy and a 'home-like' feel, which typically commands higher rents and improves long-term retention.
The property is noted for its low deferred maintenance and clean, well-maintained condition, allowing an investor to focus on cash flow rather than immediate, costly capital expenditures.
Situated with immediate access to Highway 101 and Novato's primary retail and employment corridors, the property is positioned in a high-demand submarket that supports consistent occupancy.
Built in 1972, the property may have aging underlying systems such as plumbing or electrical that could require modernization or repairs despite its well-maintained appearance.
As a triplex, the property has a higher sensitivity to vacancy; a single empty unit represents a 33% loss in gross income, providing less risk diversification than larger multi-family assets.
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.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.3 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1972 | - | 0% |
| HOA | $0 | $0 | 0% |
| Days on market | - | - | 0% |
Mar 30, 2026
$1,250,000
Initial Listing
Dec 18, 1998
$400,000
Public Record