2643 Mar Vista Dr - Apartments FOR SALE


Aptos, CA 95003
$3,765,000 USD
408-357-7770
2643 Mar Vista Dr, Aptos, CA for Sale
$3,765,000 USD
Apartments - FOR SALE
1/20
null | 4.18% Cap Rate

2643 Mar Vista Dr
Aptos, CA 95003


HIGHLIGHTS

  • Fully leased 9-unit multifamily property offering consistent income generation and long-term investment opportunity.
  • Attractive coastal location in Aptos, Santa Cruz County, with close proximity to beaches, shopping, dining, and recreation.
  • Strong in-place income producing more than $23,290 in monthly rental revenue and 100% occupancy.
  • Convenient access to the University of California, Santa Cruz, major employment centers, and local community amenities.
  • Multiple parking options including five carports, seven open spaces, four assigned spaces, and garage parking.
  • Located in a well-established neighborhood supported by Santa Cruz County’s broader Highway 1 Corridor Investment Program.

OVERVIEW

2643-2655 Mar Vista Drive is a fully leased, 9 plex located in Aptos area of Santa Cruz. The offering consists of one APN and two addresses positioned along Mar Vista Drive. The property features eight two-bedroom one-bath residences and one studio apartment with garage. The existing improvements include one-and two-story multifamily buildings, along with a residential cottage component, creating a unique residential compound in one of Aptos’ established coastal neighborhoods. The location offers convenient access to beaches, dining, University of Santa Cruz, employment, shopping, recreation, and coastal amenities. A new pedestrian and bicycle crossing over Highway 1 will be completed in 2026 at Mar Vista Drive in Aptos. The bridge is designed to connect the Seacliff and Aptos neighborhoods, schools and beaches and the project is part of the broader Highway 1 Corridor Investment Program to improve connectivity.

FOR SALE DETAILS

PRICE

$3,765,000 USD

PRICE/SF

$516 USD /SF

# OF UNITS

9

PRICE/UNIT

$418,333

CAP RATE

4.18%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,475 SF

ZONING

RM-3

APN/PARCEL ID

039-191-10-000

ASK ABOUT THIS PROPERTY

Helen PastorinoPertria, IncMore Info
408-357-7770

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

Helen PastorinoPertria, IncMore Info
408-357-7770

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