17 Clay Court, Novato, CA 94949, Novato, 94949 - 8 bed, 0 bath
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Novato, CA 94949
This Pacheco Villas multifamily portfolio represents a High-Potential Investment Opportunity, listed at a List Price of $1,600,000—positioned well below the $1,615,420 Fair Market Value by 0.95%. This valuation gap offers $15,420 in Instant Equity. With a Condition Rating of 4, the property offers significant value-add potential through interior modernization. Featuring spacious two-bedroom units and in-unit laundry, this asset is perfectly positioned for Buy-and-Hold Investors or Portfolio Managers seeking stable, long-term rental growth in the supply-constrained Marin County market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 17 Clay Court Subject | $1,600,000* List Price | 8 | 0 | 4,308 | $375 | - |
A 46 Grass Court Active | $1,625,000 List Price | 8 | 0 | 3,900 | $417 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1978, this property is nearly 50 years old. While the exterior appears functional and well-maintained for its age, the lack of mentioned renovations to kitchens, bathrooms, or major systems in the listing description suggests the interiors are dated and likely require modernization and minor repairs to meet current market expectations.
Each unit features a spacious two-bedroom layout averaging nearly 1,000 square feet and includes essential in-unit washer and dryer hookups, which are premium drivers for tenant retention and rental premiums.
The property’s proximity to US-101 and the SMART rail station provides residents with seamless access to San Francisco and major Bay Area employment hubs, ensuring consistent demand.
Situated in Marin County, a market with stringent land-use controls and a chronic undersupply of multifamily housing, the property is well-positioned for long-term appreciation and durable rent growth.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 8, other record bedroom count = 9.
Built in 1978, the wood-frame construction may necessitate increased capital expenditures for deferred maintenance, system upgrades, or structural repairs compared to newer assets.
The wooded hillside location, while offering aesthetic appeal, can lead to higher costs for landscaping, drainage management, and potentially elevated insurance premiums due to fire or slope stability risks.
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
No exterior & parking available.
No sensitive facilities data found.
Jul 20, 2026
$1,600,000
Initial Listing
Aug 31, 2016
$1,271,500
Public Record
Oct 9, 2012
$910,000
Public Record
Oct 13, 2004
$1,060,000
Public Record
Sep 4, 1998
$555,000
Public Record