2122 Penasquitas Dr - Apartments FOR SALE


Aptos, CA 95003
$2,598,000 USD
650-492-0934
2122 Penasquitas Dr, Aptos, CA for Sale
$2,598,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

2122 Penasquitas Dr
Aptos, CA 95003


HIGHLIGHTS

  • Premier Seascape Townhouse Investment Opportunity
  • Walking Distance to Coastal Amenities
  • Flexible Exit Strategy
  • Prime Coastal Submarket
  • Desirable Unit Mix

OVERVIEW

2122, 2124 & 2126 Penasquitas Dr presents a rare opportunity to acquire three townhomes within the highly desirable Seascape neighborhood of Aptos, California. Situated on four contiguous parcels totaling 9,148 square feet, the properties were originally constructed in 1978 and comprise approximately 6,050 square feet of gross building area, offering tenants 100% well-designed two-bedroom floor plans, each with a private deck and a two-car garage. Each townhome is individually condo mapped, providing flexibility to sell the units collectively or individually. Located in one of the premier coastal communities in Santa Cruz County, Seascape is known for its relaxed, upscale atmosphere, strong property values, and exceptional access to Seascape Beach, coastal trails, golf courses, and resort-style amenities, all while maintaining a quiet residential feel and convenient connectivity to Highway 1. The investment appeal is further supported by Aptos’ strong employment fundamentals and low vacancy levels, making the property highly attractive to renters seeking a coastal lifestyle with close proximity to beaches, major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$2,598,000 USD

PRICE/SF

$429 USD /SF

# OF UNITS

3

PRICE/UNIT

$866,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

2122, 2124, & 2126 Penasquitas Dr, Aptos

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1978

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,682 SF

ZONING

-

APN/PARCEL ID

054-163-57-000,054-163-58-000,054-163-59-000

ASK ABOUT THIS PROPERTY

Adam LevinLevin JohnstonMore Info
650-492-0934

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Adam LevinLevin JohnstonMore Info
650-492-0934

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.