17 Clay Court

Novato, CA 94949

$1,885,000
Price
9
Beds
4,308 Sq. Ft.
$438 / Sq. Ft.
4,308
Sq. Ft.
$438
per Sq. Ft.

Description

17 Clay Court is an upgraded and well maintained fourplex located in the attractive Pacheco Villas apartment community in Novato. The community is surrounded by the Pacheco Valle Preserve, a beautiful, undeveloped 519-acre refuge. 17 Clay Court is one of sixteen small apartment buildings in the community and has (3) 2-bedroom, 1.25-bath, and (1) 3-bedroom, 2-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...17 Clay Court is an upgraded and well maintained fourplex located in the attractive Pacheco Villas apartment community in Novato. The community is surrounded by the Pacheco Valle Preserve, a beautiful, undeveloped 519-acre refuge. 17 Clay Court is one of sixteen small apartment buildings in the community and has (3) 2-bedroom, 1.25-bath, and (1) 3-bedroom, 2-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. It is fully occupied and one of the best value apartment investments in Marin with an 11.8 gross rent multiple, and 5.44% Cap Rate. With the potential to reach over a 6% cap rate at demonstrated market rents, this investment opportunity provides immediate cashflow with upside - a rare find in Marin County.
  1. Listed by John W Garrett • DRE #01421403 • Brokerage DRE #00530854 • Marcus & Millichap Real Estate Investment Services, Inc.

Property Details for 17 Clay Court

Subdivision
Pacheco Villas
Cross Street
Alameda del Prado
Total Parking Spaces
4
LISTING UPDATED: 02/05/2025 12:51 PM

Property Details for 17 Clay Court

StatusContingent - No Show
MLS #325004477
Days on Compass17
Taxes-
HOA Fees$1,427 / month
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1978
Lot Size0.21 AC / 9,121 SF
CountyMarin County

Building Information for 17 Clay Court

Stories-Residences-Year Built1978Building Size-Lot Size0.21 AC / 9,121 SF

Property Information for 17 Clay Court

Summary
Location and General Information
  • Area/District: Novato
  • Area Short Display: A1700
  • Directions to Property: West on Clay Ct from Alameda del Prado.
  • Area Long Display: Novato
Taxes and HOA Information
  • Association Fee Includes: Common Areas, Insurance on Structure, Maintenance Grounds, Pool, Trash, Other
  • Association: Yes
  • Association Fee: $1,427
  • Association Name: Pacheco Villa Owners Association
  • Association Fee Frequency: Monthly
  • Association Phone: (415) 000-0000
  • APN: 160-581-14
Parking
  • Parking Features: Carport, Guest Parking Available
  • Carport Spaces: 4
  • Garage Spaces: 0
  • Open Parking Spaces: 0
  • Covered Spaces: 0
  • Independent Parking Spaces: 0
  • Tandem Parking Spaces: 0
Virtual Tour
  • Virtual Media Count: 1
Property
Lot Information
  • Square Footage: 4308.0
  • Square Footage Source: Assessor Auto-Fill
  • Year Built Source: Assessor Auto-Fill
  • Lot Size Source: Assessor Auto-Fill
  • Lot Size Square Feet: 9121.0
  • Lot Features: None
Property and Assessments
  • Picture Count: 9
  • Property Disclaimer: All data, photos, visualizations, and information regarding a property, including the property's compliance with state and local legal requirements and all measurements and calculations of area, have been obtained from various sources, and may include such material that has been generated by use of artificial intelligence. Such information and material have not been and will not be verified for accuracy by the listing broker or the multiple listing service, and are not guaranteed as complete, accurate or reliable. Such information and material should be independently reviewed and verified for accuracy. This information and material are 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.
  • Actual or Scheduled: Actual
  • Gross Rent Multiplier: 11.8
Utilities
  • Sewer: Sewer Public
  • Water Source: Water Public
  • Separate Meters: Electricity, Gas
Interior and Exterior Features
Exterior Features
  • Association Features: Pool, Other
  • # of Floors: 2
Interior Features
  • Heating: Central, Gas
  • Cooling: Ceiling Fan(s)
  • Laundry Features: In Each Unit, Washer/Dryer Owned
  • # of Guest Space(s): 0
Multi Family
1 Bedroom Unit
  • # of 1 Bedroom Units: 0
  • 1 Bedroom Rent Range: 0
  • 1 Bedroom Annual Occupancy: .00%
  • # of 1 Bedrooms Occupied: 0
2 Bedroom Unit
  • # of 2 Bedroom Units: 3
  • 2 Bedroom Rent Range: 3003-3276
  • 2 Bedroom Annual Occupancy: 100.00%
  • # of 2 Bedrooms Occupied: 3
3 Bedroom Unit
  • # of 3 Bedroom Units: 1
  • 3 Bedroom Rent Range: 3995
  • 3 Bedroom Annual Occupancy: 100.00%
  • # of 3 Bedrooms Occupied: 1
4 Bedroom Unit
  • # of 4 Bedroom Units: 0
  • 4 Bedroom Rent Range: 0
  • 4 Bedroom Annual Occupancy: .00%
  • # of 4 Bedrooms Occupied: 0
Income & Expenses
  • Gross Scheduled Income: $159,648.00
Multi-Family Information
  • # Commercial Units: 0
  • # Of Buildings: 1
  • # Of Units Total: 4
  • # of Studio Units: 0
  • # Studios Occupied: 0
Unit 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Description: 2-bdr/1.25-bath
  • Unit 1 Full Baths: 1
  • Unit 1 Partial Baths: 1
  • Unit 1 # of Rooms: 5
  • Unit 1 Approx SqFt: 971
Unit 2
  • Unit 2 Bedrooms: 2
  • Unit 2 Description: 2-bdr/1.25-bath
  • Unit 2 Full Baths: 1
  • Unit 2 # of Rooms: 5
  • Unit 2 Approx SqFt: 971
Unit 3
  • Unit 3 Bedrooms: 2
  • Unit 3 Description: 2-bdr/1.25-bath
  • Unit 3 Full Baths: 1
  • Unit 3 Partial Baths: 1
  • Unit 3 # of Rooms: 5
  • Unit 3 Approx SqFt: 971
Unit 4
  • Unit 4 Bedrooms: 3
  • Unit 4 Description: 3-bdr/2-bath
  • Unit 4 Full Baths: 2
  • Unit 4 Partial Baths: 0
  • Unit 4 # of Rooms: 6
  • Unit 4 Approx SqFt: 1220

Property History for 17 Clay Court

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 17 Clay Court

Taxable ValueLand$853,960Additions$774,799Total$1,628,759
Tax Record2024$22,531 ($1,878 / month)
Home Facts
Total Finished SqFt4,308 SqFtAbove Grade Finished SqFt4,308 SqFtLot Size9,120 SqFtStyleDuplexYear Built1978Year Renovated1981CountyMARINAPN160-581-14

Schools near 17 Clay Court

This home is within Novato Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Loma Verde Elementary School
PublicK to 5

Novato Charter School
CharterK to 8

Novato High School
Public9 to 12

San Jose Intermediate
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap Real Estate Investment Services, Inc., John W Garrett, DRE #01421403

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.