136- 138 Marina Ave, APTOS, CA

$3,495,000

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4,782

Square feet

0.05

Acres

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
Price $3,495,000
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
Area Rio Del Mar/Seascape
City APTOS
County Santa Cruz
State CA
Zip Code 95003

Amenities

Utilities Public Utilities
View Ocean View
Is Waterfront No

Interior

Heating Wall Furnace
Cooling No Cooling
Fireplace No

Exterior

Lot Description Views, Zero Lot Line
Roof Flat/Low Pitch, Fiberglass Roof
Foundation Concrete Slab

Additional Information

Zoning C-1
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentAimee Thayer-garcia
OfficeMontalvo Homes & Estates
Contact Info831-435-9146

Listing Map

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