3108 Seacrest Ave - Apartments FOR SALE


Marina, CA 93933- Outer Monterey
$4,395,000 USD
831-238-3592
3108 Seacrest Ave, Marina, CA for Sale
$4,395,000 USD
Apartments - FOR SALE
1/19
null | 5.53% Cap Rate

3108 Seacrest Ave
Marina, CA 93933
Outer Monterey


OVERVIEW

Mahoney & Associates is pleased to present for sale 3108 Seacrest Avenue, a brand new, eleven-unit multifamily investment opportunity located in the City of Marina, California. Built in 2025 and delivered in excellent condition, this Class A apartment building represents one of the few opportunities to acquire newly constructed, institutionally finished rental housing in the supply-constrained Monterey Bay coastal market. EXTREMELY RARE BRAND NEW CONSTRUCTION - Built in 2025 and delivered in excellent condition - Class A apartment building - One of the few opportunities to acquire newly constructed, institutionally finished rental housing in the supply-constrained Monterey Bay coastal market - Lean and predictable operating expense structure with tenants responsible for water, garbage, and PG&E - Eleven (11) on-site parking spaces, offering approximately one space per unit, a meaningful amenity in a coastal submarket where parking is increasingly scarce - Individual utility meters for each unit

FOR SALE DETAILS

PRICE

$4,395,000 USD

PRICE/SF

$647 USD /SF

# OF UNITS

11

PRICE/UNIT

$399,545

CAP RATE

5.53%

% LEASED

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

11-Unit Apartment Complex in Marina

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

C-R

APN/PARCEL ID

032-201-033-000

ASK ABOUT THIS PROPERTY

Patrick StaffordMahoney & AssociatesMore Info
831-238-3592

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Patrick StaffordMahoney & AssociatesMore Info
831-238-3592

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