2695 Mar Vista Dr - Apartments FOR SALE


Aptos, CA 95003
$2,975,000 USD
408-357-7770
2695 Mar Vista Dr, Aptos, CA for Sale
$2,975,000 USD
Apartments - FOR SALE
1/26
null | 3.66% Cap Rate

2695 Mar Vista Dr
Aptos, CA 95003


HIGHLIGHTS

  • Fully leased 7-unit multifamily investment property with 100% occupancy.
  • Located in a desirable coastal Aptos neighborhood with convenient access to beaches, dining, shopping, recreation, and major employment centers.
  • Strong in-place income of $17,970 per month and $215,640 annually.
  • New Highway 1 pedestrian and bicycle bridge scheduled for completion in 2026 will improve connectivity between Aptos and Seacliff beaches
  • App-operated on-site laundry facility provides an additional amenity for residents.
  • For the investor seeking stabilized income and long-term ownership in one of Santa Cruz County's coastal communities.

OVERVIEW

This fully leased seven-unit multifamily property offers the fundamentals a thoughtful investor looks for: 100% occupancy, strong in-place income, and coastal location. Generating more than $17,970 in monthly rental income, the property features a proven unit mix of six two-bedroom residences and one studio apartment, providing stable cash flow and immediate income. Beyond current income, investors can evaluate opportunities 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 while improving access to schools, beaches, and community amenities. For the investor seeking stabilized income and long-term ownership in one of Santa Cruz County's coastal communities, this is an opportunity worth serious consideration.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$584 USD /SF

# OF UNITS

7

PRICE/UNIT

$425,000

CAP RATE

3.66%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,519 SF

ZONING

RM-3

APN/PARCEL ID

039-191-16-000,039-191-17-000

ASK ABOUT THIS PROPERTY

Helen PastorinoPertria, IncMore Info
408-357-7770

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Helen PastorinoPertria, IncMore Info
408-357-7770

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