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Pacheco Villa 17 Clay Ct 16 Unit Apartment Building $9,028,480 CAD ($564,280 CAD/Unit) 5.71% Cap Rate Novato, CA 94949
Investment Highlights
- Divisible Portfolio - Buy One or All Four
- Supply-Constrained Marin County
- Embedded Rent Upside
Executive Summary
CBRE is pleased to present 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.
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.
Property Facts
| Price | $9,028,480 CAD | Building Class | C |
| Price Per Unit | $564,280 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 15,909 SF |
| Cap Rate | 5.71% | Average Occupancy | 93% |
| No. Units | 16 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1978 |
| Property Subtype | Apartment | Parking Ratio | 0.25/1,000 SF |
| Apartment Style | Garden |
| Price | $9,028,480 CAD |
| Price Per Unit | $564,280 CAD |
| Sale Type | Investment |
| Cap Rate | 5.71% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 15,909 SF |
| Average Occupancy | 93% |
| No. Stories | 2 |
| Year Built | 1978 |
| Parking Ratio | 0.25/1,000 SF |
Amenities
Unit Amenities
- Balcony
- Dishwasher
- Fireplace
- Washer/Dryer
- Ceiling Fans
- Porch
Site Amenities
- Pool
- Recycling
- Smoke Free
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 16 | - | 987 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 160-581-14 | Improvements Assessment | $1,137,062 CAD |
| Land Assessment | $1,253,336 CAD | Total Assessment | $2,390,399 CAD |
Property Taxes
Parcel Number
160-581-14
Land Assessment
$1,253,336 CAD
Improvements Assessment
$1,137,062 CAD
Total Assessment
$2,390,399 CAD
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Pacheco Villa | 17 Clay Ct
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