17 Clay Ct - Apartments FOR SALE


Novato, CA 94949
$6,400,000 USD
415-535-7414
17 Clay Ct, Novato, CA for Sale
$6,400,000 USD
Apartments - FOR SALE
1/18
null | 5.71% Cap Rate

17 Clay Ct
Novato, CA 94949


HIGHLIGHTS

  • Divisible Portfolio - Buy One or All Four
  • Embedded Rent Upside
  • Supply-Constrained Marin County

OVERVIEW

CBRE is pleased to present 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.

FOR SALE DETAILS

PRICE

$6,400,000 USD

PRICE/SF

$305 USD /SF

# OF UNITS

16

PRICE/UNIT

$400,000

CAP RATE

5.71%

% LEASED

93%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pacheco Villa

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

-

APN/PARCEL ID

160-581-14

ASK ABOUT THIS PROPERTY

Ben MollahanCBREMore Info
415-535-7414

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Ben MollahanCBREMore Info
415-535-7414

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.