470 Reservation Rd - Apartments FOR SALE


Marina, CA 93933
$2,150,000 USD
831-238-3592
470 Reservation Rd, Marina, CA for Sale
$2,150,000 USD
Apartments - FOR SALE
1/16
null | 6% Cap Rate

470 Reservation Rd
Marina, CA 93933


HIGHLIGHTS

  • 2020 Roof Replacement and All Six Interiors Updated
  • Strong Rental Demand and Strong Rental History
  • Easy Apartment Complex to Manage

OVERVIEW

6% Cap Rate. 470 Reservation is a six-unit apartment complex that consists of all large two bedroom / one bath units. The ground floor units have fenced yards, there is a laundry room on site, and there are six carport parking spaces. The property has a newer roof, was recently painted, and the interiors have been updated (kitchen/bath/flooring/paint). The property has a very strong rental history. Rent roll and financials available upon request.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$315 USD /SF

# OF UNITS

6

PRICE/UNIT

$358,333

CAP RATE

6%

% 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

1970

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

R4

APN/PARCEL ID

032-131-047-000

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 Policy.