2655.2695 Mar Vista DR

Mar Vista, Aptos, CA, 95003
$6,740,000

Basics

Date added Added 4 hours ago Category Type Status
Area 12391 sq ft Lot size 40075 sq ft Year built 1974 Lease term 12 Months
Garage spaces 1 Listing source MLSL MLS ID ML82053750

Description

  • Description:

    A RARE 16-UNIT APTOS INVESTMENT OPPORTUNITY. 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 $40,965 in monthly 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 Countys desirable communities, this is a portfolio worth serious review. Enjoy!

Location

  • County: Santa Cruz

Building Details

Amenities & Features

Show all amenities & features

Ask an Agent About This Home

Phone

Share this property

Copy

Or share with

Powered by Estatik

Reset password

Enter your email address and we will send you a link to change your password.

Create an account

Save searches on the Monterey Peninsula and get an email when new listings match.

Sign up with Google Sign up with email

Create an account

Save searches on the Monterey Peninsula and get an email when new listings match.

Powered by Estatik