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Listed by Pertria
$6,740,000
Est. payment /mo
12,391 SqFt
Active
2655.2695 Mar Vista Drive Aptos, CA 95003
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 12,391 sqft
Price per Sqft $543
MLS Listing ID ML82053750
HOA Y/N No
Year Built 1974
Lot Size 0.920 Acres
Property Sub-Type Other
Source Datashare MLSListings
Property Description
A RARE 16-UNIT APTOS INVESTMENT OPPORTUNITY. This 16-unit Aptos multi residential portfolio offers the fundamentals a thoughtful investor looks for: scale, 100% occupancy, strong in-place income, and the advantage of adjacent ownership across three APNs. Comprised of two neighboring income-producing properties, the portfolio generates more than $40,965 in monthly rental income and includes a desirable unit mix of fourteen two-bedroom residences and two studio apartments. The offering provides immediate income, operational efficiency, and future flexibility rarely found in a market with limited multi residential inventory. Beyond current income, the portfolio allows an investor to evaluate upside through market rent positioning, operating expense review, and net operating income potential, all detailed in the Offering Memorandum. The location is further strengthened by the new pedestrian and bicycle bridge over Highway 1, scheduled for completion in 2026 at the end of Mar Vista Drive, connecting Seacliff and Aptos, improving access to schools, beaches, and community amenities. For the investor seeking stabilized income and long-term ownership in one of Santa Cruz Countys desirable communities, this is a portfolio worth serious review. Enjoy!
Location
State CA
County Santa Cruz
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Fireplace No
Window Features Double Pane Windows
Appliance Refrigerator
Building
Water Public