Wood-Frame Fourplex
33 Clay Court Novato, CA 94949
New
For Sale
$1,600,000
Sixteen-unit multifamily portfolio includes four wood-frame fourplex buildings with in-unit washer and dryer hookups.
Property Size3,984 SF
Price / SF$401.61
Days on Market3
Property Features for 33 Clay Court
General Information
- Standard status
- Active
- Size
- 3,984 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1978
Listing Agency:
CBRE, Inc.
(408) 893-8063
Listed By:
Adam Foley · License #02144332
(408) 893-8063
Source:
Exitrealty
Added: Jul 21
Changed: Jul 23
Last Checked: Jul 23 at 2:29AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE, Inc.
Investment Insights
Based on property information with market context.
Pacheco Villas is a 16-unit multifamily portfolio consisting of four separate fourplex buildings. The property is wood-frame construction built in 1978 and is situated on a wooded hillside. Units are spacious two-bedroom residences, each with its own in-unit washer and dryer.
The four fourplexes located at 1, 17, 30 and 33 Clay Court may be purchased together as a portfolio or acquired individually. The offering notes direct US-101 access and SMART rail service connecting residents south to San Francisco and the broader Bay Area.
This is a residential income property structured to provide acquisition flexibility across four individual fourplex assets within the same portfolio.
The four fourplexes located at 1, 17, 30 and 33 Clay Court may be purchased together as a portfolio or acquired individually. The offering notes direct US-101 access and SMART rail service connecting residents south to San Francisco and the broader Bay Area.
This is a residential income property structured to provide acquisition flexibility across four individual fourplex assets within the same portfolio.
Key Highlights
- 16‑unit multifamily portfolio made up of four individual fourplex buildings
- Built in 1978 with wood‑frame construction
- Spacious 2‑bedroom residences average 996 SF, each with in‑unit washer and dryer hookups
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $203.2k | $51.00 |
| − Vacancy | −$12.2k | −$3.05 |
| EGI | $191.0k | $47.95 |
| − OpEx | −$57.3k | −$14.39 |
| NOI | $133.7k | $33.57 |
3,984 SF · lease $51.00/SF/yr · vacancy 5.98% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.91M
$1.67M – $2.23M
NOI $133,724 @ 7.0% cap · market cap 8.36%
Second Best
Apartment 5plus
$824.5K
$721.4K – $961.9K
NOI $57,713 @ 7.0% cap · market cap 3.61%
Theoretical Best
Specialty Retail
$19.46M
$17.03M – $22.70M
NOI $1,362,214 @ 7.0% cap · market cap 85.14%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Sixteen-unit multifamily portfolio includes four wood-frame fourplex buildings with in-unit washer and dryer hookups.
Where is this quadplex located?
The property is located at 33 Clay Court Novato, CA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 16‑unit multifamily portfolio made up of four individual fourplex buildings; Built in 1978 with wood‑frame construction; Spacious 2‑bedroom residences average 996 SF, each with in‑unit washer and dryer hookups
