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Pacheco Villa 17 Clay Ct 16 Unit Apartment Building $6,525,000 ($407,813/Unit) 5.09% Cap Rate Novato, CA 94949
Executive Summary
CBRE. as exclusive listing agent, is pleased to present the opportunity to purchase 17-41 Clay Court, Pacheco Villa, 16 units in Novato. Made up of three (3) 2 bed 1.5 bath units, twelve (12) 2 bed 1 bath units and one (1) 3 bed 2 bath unit. Pacheco Villa gives investors the opportunity to tap into Marin County's affluent resident base, and taking advantage of Marin's large local employer base.
NDA required to be signed by all interested purchasers before marketing materials can be made available. Pacheco Villa is Property 11 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team
NDA required to be signed by all interested purchasers before marketing materials can be made available. Pacheco Villa is Property 11 of 14 in the “North Bay Portfolio”. CBRE, as exclusive advisor, is pleased to present the opportunity to acquire The North Bay Portfolio, a curated collection of 14 multifamily communities totaling 203 apartment units located in Marin and Sonoma Counties, CA (the Portfolio).
The North Bay Portfolio is available as a full 14 asset portfolio, sub-pools (contact CBRE for sub-pool placement) or individual asset sales. All property tours must be coordinated through CBRE listing team
Property Facts Under Contract
| Price | $6,525,000 | Building Class | C |
| Price Per Unit | $407,813 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 15,909 SF |
| Cap Rate | 5.09% | 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 | $6,525,000 |
| Price Per Unit | $407,813 |
| Sale Type | Investment |
| Cap Rate | 5.09% |
| 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 | 3 | - | 987 |
| 2+2 | 12 | - | 996 |
| 3+2 | 1 | - | 996 |
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 | $790,257 |
| Land Assessment | $871,032 | Total Assessment | $1,661,289 |
Property Taxes
Parcel Number
160-581-14
Land Assessment
$871,032
Improvements Assessment
$790,257
Total Assessment
$1,661,289
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Pacheco Villa | 17 Clay Ct
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