33 Clay Court, Novato, CA 94949, Novato, 94949 - 8 bed, 0 bath
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Novato, CA 94949
This 16-unit multifamily portfolio presents a High-Potential Investment Opportunity, listed at a List Price of $1,600,000—positioned slightly above the $1,578,160 Fair Market Value. While the property requires modernization due to its Condition Rating of 4, the wood-frame construction and wooded hillside view offer a stable foundation for value-add strategies. With in-unit washer and dryer amenities and proximity to the SMART rail station, this asset is well-positioned for long-term rent growth. This is an ideal acquisition for Buy-and-Hold Investors or Multifamily Developers seeking a strategic Marin County footprint.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 33 Clay Court Subject | $1,600,000* List Price | 8 | 0 | 3,984 | $396 | - |
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 46-year-old property is significantly dated. While the exterior appears functional and the units are currently habitable, the age indicates that kitchens, bathrooms, and major systems (HVAC/Electric) are likely nearing the end of their useful life and require modernization to meet current market standards.
The property offers direct access to US-101 and proximity to the SMART rail station, providing residents with seamless connectivity to San Francisco and major Bay Area employment hubs.
Each of the four spacious two-bedroom units includes its own in-unit washer and dryer, a premium feature that significantly enhances tenant retention and rental value.
Located in Marin County with stringent land-use controls and a chronic undersupply of multifamily housing, the property is positioned for durable, long-term rent growth and appreciation.
Built in 1978, the wood-frame structure may require increased maintenance budgets or capital expenditures for aging systems compared to more modern developments.
The wooded hillside setting, while providing privacy, may lead to higher insurance premiums and specialized maintenance requirements related to drainage and fire safety.
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
Nov 6, 2014
$1,060,000
Public Record
Jul 1, 2005
$165,000
Public Record
Dec 5, 2003
$875,000
Public Record