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33 Clay Court

Novato, CA 94949
  • $1,867,000
  • STATUS: Pending
  • ON SITE: 26 Days
  • ID#: 325004497
Pending
UPDATED: 74 min ago
$1,867,000
  • 8
    BEDS
  • 0.15
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 3,984
    SQFT
  • $469
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1978
County:
Area:

School Ratings & Info

Description

33 Clay Court is an upgraded and well maintained fourplex located in the attractive Pacheco Villas apartment community in Novato. The property is one of sixteen small apartment buildings in the community and has (4) 2-bedroom, 1.25-bath apartments. Each of these large apartments has its own laundry room, fireplace, and water heater. The roof was new in 2023. There is a resort-like swimming pool for the tenants to enjoy, plenty of parking, including dedicated carports, and the lush grounds create a park-like setting. There is one apartment that is currently vacant providing a seamless owner-occupant opportunity. Otherwise, if fully rented it represents one of the best value apartment investments in Marin with an 11.7 gross rent multiple, and 5.49% Cap Rate. Don't miss this great opportunity.

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Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-02-13T11:56:57.6.
www.solanoregroup.com/homes/159556630
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33 Clay Court Novato, CA 94949

  • Price: $1,867,000
  • Status: Pending
  • On Site: 26 Days
  • Updated: 74 min ago
  • ID#: 325004497
8
Beds
4
Baths
0
½ Baths
0.15
Acres
3,984
SQFT
$469
$/SQFT
1978
Built
Neighborhood:
Novato
County:
Marin
Area:
Novato
Property Description
33 Clay Court is an upgraded and well maintained fourplex located in the attractive Pacheco Villas apartment community in Novato. The property is one of sixteen small apartment buildings in the community and has (4) 2-bedroom, 1.25-bath apartments. Each of these large apartments has its own laundry room, fireplace, and water heater. The roof was new in 2023. There is a resort-like swimming pool for the tenants to enjoy, plenty of parking, including dedicated carports, and the lush grounds create a park-like setting. There is one apartment that is currently vacant providing a seamless owner-occupant opportunity. Otherwise, if fully rented it represents one of the best value apartment investments in Marin with an 11.7 gross rent multiple, and 5.49% Cap Rate. Don't miss this great opportunity.
Exterior Features

Carport Spaces 4 Covered Spaces 0 Independent Parking Spaces 0 Lot Features Other Open Parking Spaces 0 Parking Features CarportGuest Parking Available Parking Total 4 Tandem Parking Spaces 0

Interior Features

1 Bedroom Units Total 0 2 Bedroom Units Total 4 3 Bedroom Units Total 0 4 Bedroom Units Total 0 Commercial Units Total 0 Cooling Ceiling Fan(s) Heating Central Laundry Features In Each UnitWasher/Dryer Owned Studio Units Total 0

Property Features

Association Amenities Pool Association Fee 1427 Association Fee Includes MaintenanceGroundsTrashPool Association YN Yes Auction No Gross Income 159480 Property Sub Type Quadruplex Property Type Residential Income Sewer Public Sewer Subtype Description Garden Apartments Water Source Public

Listing information © 2025 Bay Area Real Estate Information Services. Listing courtesy of John W Garrett of Marcus & Millichap Real Estate Investment Services, Inc.: .


Bay East ©2024. CCAR ©2024. bridgeMLS ©2024. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2025-02-13T11:56:57.6.
 
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