30 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, with a List Price of $1,600,000 positioned above the $1,561,600 Fair Market Value by -2%. Featuring a Condition Rating of 5, the property offers significant value-add potential through modernization of its 1978 infrastructure. With spacious two-bedroom units, in-unit laundry, and direct US-101 access, the asset is well-positioned for long-term rent growth. This is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers seeking a stable Marin County footprint.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 30 Clay Court Subject | $1,600,000* List Price | 8 | 0 | 3,984 | $392 | - |
A 33 Clay Court Active | $1,600,000 List Price | 8 | 0 | 3,984 | $402 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property was built in 1978, making it 46 years old. Per the criteria, structures over 30 years old without documented major renovations to kitchens, bathrooms, or core systems (HVAC/Electric) are rated as poor. While the exterior appears maintained, the age suggests original components are nearing the end of their functional life and require rehab.
Each unit offers a spacious two-bedroom layout averaging nearly 1,000 square feet and includes the highly coveted in-unit washer and dryer, significantly increasing tenant retention and rental premiums.
Situated with direct access to US-101 and the SMART rail station, the property provides seamless connectivity to San Francisco and major Bay Area employment hubs, ensuring a consistent pool of quality tenants.
Located in Marin County, a region with stringent land-use controls and a chronic undersupply of housing, the property is positioned for durable, long-term rent growth and low vacancy rates.
Built in 1978, the wood-frame construction may necessitate upcoming capital expenditures for deferred maintenance or modernization of major systems to remain competitive with newer inventory.
The wooded hillside setting may present higher ongoing costs related to vegetation management for fire safety and potential drainage or foundation considerations typical of sloped terrains.
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
Sep 15, 2014
$1,085,000
Public Record
Jan 17, 2003
$798,000
Public Record
May 14, 1997
$490,000
Public Record