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2 Grass Ct, Novato, CA 94949

$1,839,000
Last sold 11/28/2023 for $1.8M
9
bed
8
bath
4,338
Sqft ($416/Sqft)

Multi-family not for sale

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About 2 Grass Ct

Property type Multi-family

Neighborhood

Year built 1978

HOA fee $1,427/month

Lot size 6,761 Sqft

Movoto estimate

Property description

This quality fourplex is one of 16 similar properties located along a cul-de-sac street winding up a hillside in the beautiful Pacheco Valley. The Pacheco Valley Open Space Preserve surrounds this cluster of three and four-unit buildings. The Pacheco Villas apartments were built in 1978 as a common interest development. All apartments are oversized and feature fireplaces and a separate laundry room in each apartment. Unlike other buildings in the complex, this features one large three bedroom, two bath unit. Tenants share the use of a swimming pool with the other adjoining buildings. Three of the kitchens have been remodeled. New roof in 2020 and the retaining wall in 2011.

Listed by

Listing Agent - Michael J Burke

Listing Office - Golden Gate Sotheby's International Realty

Source: BAREIS

MLS#323922681 • last updated 2 years ago

Movoto checked BAREIS for data 8 minutes ago

Overview
Cooling/AC	Ceiling Fan(s), None
Heating	Central
Levels/Style	0, Contemporary
SqFt	4338
SubType	Quadruplex
Type	Residential Income
Year Built	1978
MLS #	323922681
Status	Closed
On Market Date	2023-11-02
Lot Size (Acres)	0.1552
Lot Size (SqFt)	6761
HOA Fee5	Monthly
HOA Fee	1427
HOA Name	Pacheco Villa
Condition	Updated/Remodeled, Varies By Unit

Interior
Laundry	In Each Unit
Appliances	Dishwasher, Disposal, Free Standing Electric Range, Free Standing Refrigerator, Gas Water Heater

Exterior
Foundation	Concrete Perimeter
Roof	Composition
Parking	Carport, Detached
# Carport Spaces	4
Lot Desc	Landscape Back, Landscape Front

Amenities / Utilities
Water Source	Public
Sewer/ Septic	Public Sewer
HOA Amenities	Pool, Yard Space
HOA Fee Includes	Common Areas, Homeowners Insurance, Insurance, Insurance On Structure, Maintenance Grounds, Pool, Road, Trash

Location
Area	Novato
County	Marin
Subdivision	Pacheco Villas
APN	160-581-03

Multifamily Details
# of 3-BR Occupied	1
# of 2-BR Occupied	3
Unit 2: # Bedrooms	2
3-BR: Rent Range	2500
Unit 4: # of Rooms	5
Unit 4: # Bedrooms	3
Unit 2: # Full Bathrooms	1
Unit 1: # Partial Baths	1
Unit 3	Two Bedroom Flat With FP, Laundry And Deck.
Unit 4: # Full Bathrooms	2
2-BR: % Occupied	100
3-BR: % Occupied	100
Unit 2: # of Rooms	4
Unit 1	Two Bedroom Flat With FP, Laundry And Deck.
2-BR: Rent Range	2450-2570
Unit 1: # Full Bathrooms	1
Unit 3: # Bedrooms	2
Unit 4	Three Bedroom, Two Bath Flat With FP, Laundry And Deck.
Unit 2	Two Bedroom Flat With FP, Laundry And Deck.
Unit 3: # Full Bathrooms	1
Unit 3: # of Rooms	4
Unit 3: # Partial Baths	1
Unit 1: # Bedrooms	2
Unit 1: # of Rooms	4
Unit 2 Partial Baths	1
# of Units	4
# of 3-Bedroom Units	1
# of 2-Bedroom Units	3
Total # of Buildings	1
Separate Meters	Electricity, Gas
Gross Rent Multiplier	14.7
Tenant Pays	Electricity, Gas
Gross Scheduled Income $	120500
Cap Rate	4.4