4782 sqft | 0.05 acres | #ML81974334
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.
Property Details
- ViewOcean, Water
- Lot DescriptionZeroLotLine
- Stories3
Measurements
- Acres0.054
- Square Feet4782
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1964
Material information
- FoundationSlab
Utilities / Energy Details
- Utility SourcePublic
Community and Neighborhood Details
- CountySanta Cruz
- School DistrictOther
Financial Details
- Original List Price$3,495,000
- Taxes Annual$12,867
Other
- MLS #ML81974334
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Aimee Thayer-Garcia (#ML5088465)
Listing Office: Montalvo Homes & Estates (#ML35397)
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