$1,800,000
$2,100,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
0.65 Acres Lot
SOLD DATE : 06/30/2023
Key Details
Sold Price $1,800,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID ML81922937
Sold Date 06/30/23
HOA Y/N No
Year Built 1960
Annual Tax Amount $23,184
Lot Size 0.649 Acres
Property Description
This rarely available Marina six-unit complex is now available. The current rents are low ($1460 average) and there is significant potential rent upside with $2450 market rents. The complex features all two-bedroom / one-bathroom units with their private fenced backyard. The 28,820 sq. ft lot is zoned R-4 multi-family residential, potentially allowing 5-12 additional units on the site. Please read the Marina zoning & ADU ordinances. Marina has available water to build. The current owner has completed many upgrades, including all vinyl dual pane windows & sliding glass doors, three units with new Pex water lines, five units have remodeled bathrooms, four new frigs & gas stoves in 2021 & 2022, two new gas wall heaters & water heaters (all units have their water heater), new main water line, & many other improvements. The laundry room has one washer & dryer and six private storage lockers.
Location
State CA
County Monterey
Area 699 - Not Defined
Zoning R-4
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Roof Type Composition
Total Parking Spaces 12
Building
Lot Description Level
Schools
School District Other
Others
Tax ID 032031034000
Financing Cash
Special Listing Condition Standard
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