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Listed by Adam Foley • CBRE, Inc., DRE#02144332
$6,400,000
Est. payment /mo
2 Beds
1.5 Baths
3,984 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 3,984 sqft
Price per Sqft $1,606
MLS Listing ID ML82047120
Bedrooms 2
Full Baths 1
Half Baths 1
HOA Fees $5,729
HOA Y/N 1
Year Built 1978
Lot Size 6,700 Sqft
Property Sub-Type Five or More Units
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.
Location
State CA
County Marin
Area Novato
Interior
Heating Other
Cooling Other
Exterior
Parking Features Covered Parking
Pool Pool - In Ground
Utilities Available Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof Type Shingle
Building
Foundation Crawl Space
Sewer Sewer - Public
Water Public
Others
Tax ID 160-581-16
Security Features Other
Special Listing Condition Not Applicable
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