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Listed by Aimee Thayer-Garcia • Montalvo Homes & Estates
$ 3,295,000
Est. payment | /mo
4,782 SqFt
$ 3,295,000
Est. payment | /mo
4,782 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,782 sqft
Price per Sqft $689
MLS Listing ID ML81972102
HOA Y/N No
Originating Board Datashare MLSListings
Year Built 1964
Lot Size 2,353 Sqft
Property Description
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.
Location
State CA
County Santa Cruz
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Fireplace No
Building
Water Public
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Melanie Peterson-Katz
Partner | Lic# 00890767