Mar Vista Portfolio Multi-Family FOR SALE


Aptos, CA
$6,740,000 USD
, Aptos, CA for Sale
$6,740,000 USD
Multi-Family - FOR SALE
1/46
null | 3.92% Cap Rate

Mar Vista Portfolio
Aptos, CA


HIGHLIGHTS

  • Properties are available for sale individually or as a portfolio
  • Fully leased 16-unit multifamily portfolio in desirable Aptos, California, consisting of three adjacent parcels along Mar Vista Drive
  • Portfolio includes one- and two-story multifamily buildings plus a detached residential cottage, creating a unique residential compound setting
  • Strong in-place income stream with approximately $496,920 in annual rental revenue and $41,484 in monthly rent
  • Conveniently located near Aptos beaches, dining, shopping, recreation amenities, employment centers, and the University of California, Santa Cruz
  • Twelve carports, seven open spaces, four assigned spaces & garage

OVERVIEW

This 16-unit Aptos multi residential portfolio offers the fundamentals a thoughtful investor looks for: scale, 100% occupancy, strong in-place income, and the advantage of adjacent ownership across three APNs. Comprised of two neighboring income-producing properties, the portfolio generates more than $496,920 in annual rental income and includes a desirable unit mix of fourteen two-bedroom residences and two studio apartments. The offering provides immediate income, operational efficiency, and future flexibility rarely found in a market with limited multi residential inventory. Beyond current income, the portfolio allows an investor to evaluate upside 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, 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 communities, this is a portfolio worth serious review.

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Helen PastorinoPertria, IncMore Info

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Helen PastorinoPertria, IncMore Info

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