$1,625,000
OPEN FRI 1PM - 2:30PM

Estimated payment $9,997/month

8 Beds
8 Baths
3,900 Sq Ft
$417 Price per Sq Ft

Highlights

  • Private Pool
  • Novato High School Rated A-
  • Forced Air Heating and Cooling System

About This Home

46 Grass Court (The Property) is a turn-key townhouse style 4-Plex comprised of four (4) Two (2) Bedroom, One & a Quarter (1.25) Bathroom apartments located in the Pacheco Villas apartment community in Novato, CA. The Property offers investors the opportunity to acquire a pride of ownership asset that has been exceptionally well-maintained for their 30+ year ownership. Located minutes from Highway 101, The Property offers easy access to Novato, Marin, and the greater San Francisco Bay Area.

Listing Agent

Jefrey Henderson

Jefrey Henderson, Broker License #01483399 Listed on: 02/23/2026

Open House Schedule

Property Details

Home Type

  • Multi-Family

Year Built

  • 1978

Home Design

  • 3,900 Sq Ft Home
  • Quadruplex
  • Slate Roof

Parking

  • 4 Carport Spaces
  • Assigned Parking

Pool

  • Private Pool

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Gas Meter

Listing and Financial Details

  • Month-to-Month Lease Term

Community Details

Overview

  • Property has a Home Owners Association

Recreation

  • Community Pool

Building Details

  • 4 Leased Units
  • Insurance Expense $4,000
  • Maintenance Expense $5,000
  • Other Expense $19,545
  • Utility Expense $1,600
  • Operating Expense $52,691
  • Gross Income $137,305

Property Details

Home Type

Multi-Family

Year Built

1978

Listing Details

  • Zoning: N/A
  • Subclass: Fourplex
  • Listing Class: Residential Income (2-4 Units)
  • Structure Sq Ft: 3900
  • Special Features: OpenHouse
  • Property Sub Type: MultiFamily
  • Year Built: 1978

Interior Features

  • Living Sq Ft: 3900

Exterior Features

  • Pool Description: Yes
  • Roof: Slate
  • Pool: Pool - In Ground

Garage/Parking

  • Garage Parking Features: Assigned Spaces
  • Carport Min: 4

Utilities

  • Cooling System: Central Forced Air - Gas
  • Heating System: Forced Air
  • Sewer/Septic System: Sewer - Public

Condo/Co-op/Association

  • Complex Name: Pacheco Villas
  • HOA Fees: 19545
  • HOA Amenities: Community Pool
  • HOA Exist: Yes

Lot Info

  • Lot Size Area Minimum Units: Square Feet
  • Minimum Lot Size: 5186.00
  • Lot Size Area Maximum Units: Square Feet
  • Maximum Lot Size: 5186.00

Rental Info

  • Existing Lease Term(s): 1 Year Lease, Month To Month
  • Gross Rent Multiplier: 11.48
  • Number Of Leased: 4

Multi Family

  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Expense Insurance: 4000
  • Expense Maintenance: 5000
  • Expenses Other: 19545
  • Expenses Total: 52691
  • Expenses Utility: 1600
  • Income Annual Gross: 137305.00
  • Income Annual Rental: 141552
  • Income Gross Scheduled: 141552
  • Income Includes: Rents
  • Meters: Master Electric, Master Gas
  • Number Of Buildings: 1
  • Operating Expenses Include: Fee - Property Management, Fee - Property Tax, Insurance, Maintenance, Utilities
  • Tenant Expenses: Utilities - Electric, Utilities - Gas
  • Vacancy Factor: 3

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/23/2026 02/23/26 For Sale $1,625,000 -- $417 / Sq Ft
Source: MLSListings

Source: MLSListings

MLS Number: ML82035885

MLSListings
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