2655.2695 Mar Vista DR, Aptos, CA 95003

$6,740,000
12,391
SqFt

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List Price
$6,740,000
MLS#
ML82053750
Status
ACTIVE
Property Type
com
Sqft. of Residence
12,391
Lot Size
0.92
Listing Area
Aptos
Year Built
1974

Property 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!

Additional Information

Acres
0.92
Age
52
Cooling System
None
Energy Features
Double Pane Windows, Low Flow Shower, Low Flow Toilet, Thermostat Controller
Floor Covering
Carpet, Vinyl / Linoleum
Foundation
Concrete Slab, Crawl Space, Post and Pier, Raised
Garage Parking
Carport, On Street, Parking Area, Parking Restrictions, Unassigned Spaces
Heating System
Gas, Wall Furnace
Laundry Facilities
Washer / Dryer
Living Area
12,391
Lot Description
Paved
County
Santa Cruz
Neighborhood
Aptos
Other Rooms
Laundry Room, Storage
Other Utilities
Individual Electric Meters, Individual Gas Meters, Public Utilities
Roof
Composition, Fiberglass, Shingle
Sewer
Sewer - Public, Sewer Connected
Special Features
None
Total Number Of Units
16
Unincorporated Yn
Yes
Zoning
RM-3

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Calculator source: Real Geeks

Listing courtesy of Helen Pastorino from Pertria. 408-930-6244

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