1 Clay Court, Novato, CA 94949
- $6,400,000
- List Price
- $6,400,000
- Status
- ACTIVE
- MLS#
- ML82047120
- Year Built
- 1978
- Lot Size
- 6,700
- Acres
- 0.15
- Days on Market
- 109
- Property Type
- Commercial
Property Description
Pacheco Villas, a 16-unit multifamily portfolio comprising four individual fourplex buildings on a wooded hillside in Novato, the northern gateway to Marin County. Built in 1978 of wood-frame construction, the Property offers spacious two-bedroom residences averaging 996 square feet, each with its own in-unit washer and dryer. The offering is structured for flexibility: the four fourplexes at 1, 17, 30 and 33 Clay Court may be acquired together as a portfolio or purchased individually. Direct US-101 access and a SMART rail station connect residents south to San Francisco and the broader Bay Area employment base, while stringent land-use controls and Marin's decades-long undersupply of new multifamily housing continue to constrain competing supply and support durable, long-term rent growth.
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Additional Information
- Taxes
- $85,574
- Cooling
- Yes
- Roof
- Shingle
- Water
- Public
- School District
- Other
- Attached Structure
- Detached
- Number Of Units Total
- 16
- Gross Scheduled Income
- $635,029
Listing courtesy of Listing Agent: Adam Foley (adam.foley@cbre.com) from Listing Office: CBRE, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.