About 136- 138 Marina Ave
One of a kind investment opportunity in the heart of Rio Del Mar. 136 and 138 Marina are two fourplexes, each with their own separate APN and a shared courtyard. First time on the market in 50+ years. 136 Marina consists of two ground floor studio units, and two one-bedroom units on the second floor. The rear 1-bedroom unit has full ocean views from the balcony. 138 Marina consists of a large one-bedroom ground floor unit with private laundry. On the second floor is another spacious one-bedroom unit plus a studio apartment. The fourth unit, the Penthouse, is a large one-bedroom flat with full ocean views, private laundry, and a view deck. Quite literally located mere steps away from the Esplanade at Rio Del Mar Beach, this unique property offers the best access to coastal amenities. Sandy beaches and good eats at Pixie Deli and Venus Spirits are right around the corner. Ample parking is available on Marina Ave, no permits required. This amazing property is ready for new ownership with tremendous upside potential. Very little turnover and always easy to rent. Kitchens, bathrooms, appliances, and systems have been updated as units turnover. Continue leasing all units or leave one apartment vacant for an owners suite. The possibilities are endless and the Beach still beckons.
Features of 136- 138 Marina Ave
MLS® # | ML81972102 |
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Price | $3,295,000 |
Square Footage | 4,782 |
Acres | 0.05 |
Year Built | 1964 |
Type | Multi-Residential |
Sub-Type | Five or More Units |
Status | Active |
Community Information
Address | 136- 138 Marina Ave |
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Area | Rio Del Mar/Seascape |
City | APTOS |
County | Santa Cruz |
State | CA |
Zip Code | 95003 |
Amenities
Utilities | Public Utilities |
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View | Ocean View |
Is Waterfront | No |
Interior
Heating | Wall Furnace |
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Cooling | No Cooling |
Fireplace | No |
Exterior
Lot Description | Views, Zero Lot Line |
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Roof | Flat/Low Pitch, Fiberglass Roof |
Foundation | Concrete Slab |
Additional Information
Zoning | C-1 |
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Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Aimee Thayer-garcia |
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Office | Montalvo Homes & Estates |
Contact Info | 831-435-9146 |