138 Marina Avenue

Aptos, CA 95003

$3,295,000
Price
Beds
4,782 Sq. Ft.
$689 / Sq. Ft.
4,782
Sq. Ft.
$689
per Sq. Ft.

Description

One of a kind investment opportunity in the heart of Rio Del Mar. 136 and 138 Marina are two fourplexes, each with their own separate APN and a shared courtyard. First time on the market in 50+ years. 136 Marina consists of two ground floor studio units, and two one-bedroom units on the second floor. The rear 1-bedroom unit has full ocean views from the balcony. 138 Marina consists of a large one-bedroom ground floor unit with private laundry. On the second floor is another spacious one-bedroom unit...One of a kind investment opportunity in the heart of Rio Del Mar. 136 and 138 Marina are two fourplexes, each with their own separate APN and a shared courtyard. First time on the market in 50+ years. 136 Marina consists of two ground floor studio units, and two one-bedroom units on the second floor. The rear 1-bedroom unit has full ocean views from the balcony. 138 Marina consists of a large one-bedroom ground floor unit with private laundry. On the second floor is another spacious one-bedroom unit plus a studio apartment. The fourth unit, the Penthouse, is a large one-bedroom flat with full ocean views, private laundry, and a view deck. Quite literally located mere steps away from the Esplanade at Rio Del Mar Beach, this unique property offers the best access to coastal amenities. Sandy beaches and good eats at Pixie Deli and Venus Spirits are right around the corner. Ample parking is available on Marina Ave, no permits required. This amazing property is ready for new ownership with tremendous upside potential. Very little turnover and always easy to rent. Kitchens, bathrooms, appliances, and systems have been updated as units turnover. Continue leasing all units or leave one apartment vacant for an owners suite. The possibilities are endless and the Beach still beckons.
  1. Listed by Aimee Thayer-Garcia • DRE #01846533 • Brokerage DRE #01386067 • Montalvo Homes & Estates • 831-435-9146
  2. Listed by Angel Garcia • DRE #01880370 • Brokerage DRE #01386067 • Montalvo Homes & Estates

Property Details for 138 Marina Avenue

MLS City Name
APTOS
Building Type
FOURPLEX
Garage Spaces
0
Parking Spaces
0
View
Ocean, Water
Cross Street
Marina Ave and R
LISTING UPDATED: 10/26/2024 12:29 AM

Property Details for 138 Marina Avenue

StatusActive
MLS #ML81974334
Days on Compass107
Taxes$12,867 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeRESIDENTIAL INCOME / Fourplex
Year Built1964
Lot Size0.05 AC / 2,353 SF
CountySanta Cruz County

Building Information for 138 Marina Avenue

Stories3Residences4Year Built1964Building Size-Lot Size0.05 AC / 2,353 SF

Property Information for 138 Marina Avenue

Features
Room Information
  • Kitchen: Varies by Unit
Features
  • Fireplace: No
  • Flooring: Laminate, Vinyl / Linoleum
  • Laundry: Washer/Dryer - Some Units
  • Living SqFt: 4782
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Wall Furnace
  • Meters: Separate Electric
  • Sewer Septic: Sewer Connected
  • Utilities: Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 2
Garage
  • Garage and Parking: Carport, Covered Parking, On Street, Unassigned Spaces
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Area Text: Rio Del Mar/Seascape
  • Roof: Fiberglass, Flat / Low Pitch
  • Subclass: Fourplex
  • Year Built Source: Assessor
  • Street Number: 138
  • Street Name: Marina
  • Street Suffix: Avenue
  • Area ID: 48
Lot / Property Details
Building Information
  • Number Of Stories: 3
  • Number of Buildings: 2
  • Structure SqFt: 4782
  • Structure SqFt Source: Other
  • Age: 60
Development Information
  • Ownership Type: Trust
  • Zoning Detail: C-1
Location Information
  • Parcel Number: 042-152-03-000
  • County Name: Santa Cruz
  • City Name: APTOS
  • City Postal ID: 1
  • Postal Code: 95003
  • Elementary School District: 800
  • High School District Text: Pajaro Valley Unified
Lot Information
  • Foundation: Concrete Slab
  • Horse Property: No
  • Lot Acres: .05
  • Lot Description: Views, Zero Lot Line
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Other
  • Yard Grounds: Balcony / Patio, Deck
Multi Family Information
Building Information
  • No Of Leased: 8
General Information
  • Annual Tax Amount: $12,867
  • Building Unit Total: 4
  • Capitalization Rate: 4.67
  • Tenant Expenses: Utilities - Electric
  • Income Includes: Rents
  • Vacancy Factor: 0
Income / Expense Details
  • Expense Insurance: $5,047
  • Expense Landscape: $0
  • Expense Maintenance: $0
  • Expense Management: $0
  • Expense Trash: $2,529
  • Expenses Other: $0
  • Expenses Utility: $8,636
  • Expenses Total: $29,079
  • Operating Expenses Include: Insurance, Utilities - Hot Water, Utilities - Water
  • Gross Rent Multiplier: 18.01
  • Income Annual Gross: $182,976
  • Income Annual Rental: $182,976
  • Income Gross Scheduled: $182,976
  • Income Other: $0

Property History for 138 Marina Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 138 Marina Avenue

This home is within Pajaro Valley Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Rio Del Mar Elementary School
PublicK to 6

Aptos Junior High School
Public7 to 8

Aptos High School
Public9 to 12

Renaissance High Continuation School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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138 Marina Avenue is a multi-family home for sale in Aptos, CA 95003. This property was listed for sale on July 24, 2024 by Montalvo Homes & Estates, it's currently listed at $3,295,000. This listing's school district is Pajaro Valley Unified School District. Nearby schools include Rio Del Mar Elementary School, Aptos Junior High School and Aptos High School. 138 Marina Avenue is a 0-bed, 0-bath, 4,782 sqft multi-family home built in 1964.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Montalvo Homes & Estates, Aimee Thayer-Garcia, DRE #01846533; Montalvo Homes & Estates, Angel Garcia, DRE #01880370

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.