33 Clay Court is an upgraded and well maintained fourplex located in the attractive Pacheco Villas apartment community in Novato. The property is one of sixteen small apartment buildings in the community and has (4) 2-bedroom, 1.25-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. There is one apartment that is currently vacant providing a seamless owner-occupant opportunity. Otherwise, if fully rented it represents one of the best value apartment investments in Marin with an 11.7 gross rent multiple, and 5.49% Cap Rate. Don't miss this great opportunity.
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.
Bring your offers!!Exquisite New Construction Property with Two Homes and a Pool! Welcome to your dream compound in beautiful Marin! This extraordinary property features a newly built ADA-accessible home with four spacious bedrooms and three luxurious bathrooms. Single story and over 2100 sq ft. The high-end chef's kitchen is fully equipped with top-of-the-line appliances. Stunning countertops and kitchen island. Foldable, panoramic doors lead to a large, private backyard where you can see the mountain ridge view and enjoy the professional outdoor kitchen and a lovely gazebo. An additional unit on the property, with over 1000 sq ft, featuring one bedroom, full bath, washer/dryer, and a full kitchen. The inviting pool is nestled between the two homes, perfect for relaxation and entertainment. RV parking is available for convenience and flexibility. This property was meticulously designed as the developer's forever home, infused with love, care, and substantial investment. Now, it's your turn to experience the epitome of luxury living. Close proximity to Marin's best schools, hiking trails, and parks. Nestled in the midst of nature, offering tranquility and serenity. Don't miss out on this once-in-a-lifetime opportunity to own a truly exceptional property!
This is a townhome-style duplex consisting of two units side-by-side. It's a great option for investors or for those who wish to live in one unit and rent out the other. Each unit features two bedrooms, 1.5 baths, spacious living and dining rooms, a galley kitchen, a powder room, and two roomy downstairs bedrooms plus a full bath. Each unit features an electric range , refrigerator , dish washer, washer and dryer . Additionally, there's a large 2-car garage with automatic doors and interior access. The upper floor deck offers a beautiful view of the ridges and valley, while the lower floors have a large yard and patio. Located in a quiet cul-de-sac in southern Novato, the location provides privacy and plenty of sunshine. Each unit has its own PGE meter and is responsible for paying its own PGE, garbage, and communication bills. The owner is responsible for paying for water. Each unit also has its own gas-forced air heat and gas water heater. The roof and garage doors are new.
Newly renovated 24-Unit apartment complex with rental upside located in affluent Marin County, one of the strongest and most coveted rental markets in the Bay Area. Comprised of an excellent unit mix of twenty-one (21) 2-bedroom, 1-bath units and three (3) 1-bedroom, 1-bath units, the complex features a swimming pool, on-site laundry room, carport parking, individual meters for gas and electric and RUBS utility billing. Fourteen (14) of the units have been fully remodeled with updated kitchens, bathrooms, flooring, paint, fixtures, and lighting. Eleven (11) of the remodeled units have been upgraded with an in-unit stacked washer and dryer. All the units feature forced air heating, wall AC units in the living rooms, dual-pane windows throughout and most units have either a deck or fenced patio. Recent property improvements include new decks and patios, hardscaping, landscaping, exterior paint, parking surface and striping, perimeter fencing, mailboxes, and building signage. The current ownership has invested over $800,000 in overall property improvements, and the previous ownership fully replaced the swimming pool and installed new roofs on both buildings in 2018.
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Novato is located in California. Novato, California has a population of 53,214. Novato is less family-centric than the surrounding county with 29.84% of the households containing married families with children. The county average for households married with children is 33.06%.
The median household income in Novato, California is $107,975. The median household income for the surrounding county is $131,008 compared to the national median of $69,021. The median age of people living in Novato is 48.1 years.
The average high temperature in July is 80.5 degrees, with an average low temperature in January of 41.1 degrees. The average rainfall is approximately 38.2 inches per year, with 0 inches of snow per year.
