17 Clay Ct Novato, CA 94949
Ignacio NeighborhoodEstimated payment $13,833/month
Total Views
2,655
9
Beds
20
Baths
4,308
Sq Ft
$438
Price per Sq Ft
Highlights
- Community Pool
- Guest Parking
- Ceiling Fan
- Novato High School Rated A-
- Central Heating
- Washer and Dryer
About This Home
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.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1978
Lot Details
- 9,121 Sq Ft Lot
HOA Fees
- $1,427 Monthly HOA Fees
Home Design
- Quadruplex
- Garden Apartment
Interior Spaces
- 4,308 Sq Ft Home
- 2-Story Property
- Ceiling Fan
Laundry
- Laundry in unit
- Washer and Dryer
Parking
- 4 Parking Spaces
- 4 Carport Spaces
- Guest Parking
Utilities
- Central Heating
- Heating System Uses Gas
- Individual Gas Meter
Listing and Financial Details
- Assessor Parcel Number 160-581-14
Community Details
Overview
- Association fees include common areas, insurance on structure, ground maintenance, pool, trash
- 4 Units
- Pacheco Villa Owners Association, Phone Number (415) 000-0000
- Pacheco Villas Subdivision
Recreation
- Community Pool
Building Details
- Gross Income $159,648
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/03/2025 02/03/25 | Pending | -- | -- | -- |
| 01/17/2025 01/17/25 | For Sale | $1,885,000 | +48.3% | $438 / Sq Ft |
| 08/31/2016 08/31/16 | Sold | $1,271,500 | 0.0% | $295 / Sq Ft |
| 08/31/2016 08/31/16 | Pending | -- | -- | -- |
| 07/26/2016 07/26/16 | For Sale | $1,271,500 | +39.7% | $295 / Sq Ft |
| 10/10/2012 10/10/12 | Sold | $910,000 | 0.0% | $211 / Sq Ft |
| 10/09/2012 10/09/12 | Pending | -- | -- | -- |
| 05/21/2012 05/21/12 | For Sale | $910,000 | -- | $211 / Sq Ft |
Source: Bay Area Real Estate Information Services (BAREIS)
Similar Home in Novato, CA
Source: Bay Area Real Estate Information Services (BAREIS)
MLS Number: 325004477
APN: 160-581-14
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