138 Marina Avenue

Aptos, CA 95003

PRICE REDUCED

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-$200,000 (-5.72%)

$3,295,000

List Price

N/A

bed Beds

shower Baths

4,782 sqft

straighten / sqft

1964

calendar_month Built

Property 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 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.

Listing Information

List Price $3,295,000
Status Active
MLS ML81974334
Type Residential Income
Subtype Quadruplex
Year Built 1964
Lot Size 2,353
Structure Size 4,782
DOM 51
Courtesy Of Montalvo Homes & Estates
Listing Agent Aimee Thayer-Garcia DRE#01846533
Co-Listing Agent Angel Garcia DRE#01880370

Interior Features

Total Bedroom
Bedrooms N/A
Flooring Information
Material Laminate
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Aimee Thayer-Garcia, Angel Garcia, Montalvo Homes & Estates . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 13th, 2024 at 12:43 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.