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Listed by Patrick Stafford • Baird Partnership, Inc., DRE#01857243
$4,395,000
Est. payment /mo
1 Bed
2 Baths
6,797 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Five or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 6,797 sqft
Price per Sqft $646
MLS Listing ID ML82053148
Bedrooms 1
Full Baths 2
Year Built 2025
Lot Size 10,584 Sqft
Property Sub-Type Five or More Units
Property Description
3108 Seacrest Avenue is a brand new eleven-unit apartment complex located in the City of Marina, California. Built in 2025 and delivered in excellent condition, this Class A apartment building represents an extremely unique opportunity to acquire a newly constructed and institutionally finished multifamily investment in the supply-constrained Monterey Bay rental market. Each unit is +/-542 SF, with 8 of the units being one bedroom one bath units, and three being studios. All units feature an open living and kitchen layout, wood imitation vinyl flooring, painted gypsum walls, and tile bathrooms. Ground floor units enjoy private outdoor patios, while second and third floor units have their own decks. Each floor has a dedicated laundry room, generating $5,700 in annual laundry income. The building is served by individual utility meters for each unit, which reduces the owners operating expenses significantly. The property provides eleven (11) on-site parking spaces, including nine (9) surface stalls and two (2) tuck-under spaces, offering approximately one space per unit. The building is walk-up access via staircases on the north and south ends, and includes owner storage, maintenance rooms, and a front server room for building security and alarm systems.
Location
State CA
County Monterey
Area Seacrest/Mortimer
Zoning C-R
Interior
Heating Other
Cooling Other
Exterior
Parking Features Off-Street Parking
Utilities Available Public Utilities
Roof Type Flat / Low Pitch
Building
Foundation Concrete Slab
Sewer Sewer - Public
Water Public
Others
Restrictions Other
Tax ID 032-201-033-000
Security Features Other
Special Listing Condition Not Applicable
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Joel Martinez
Property Connection Specialist | License ID: 02338033
Property Connection Specialist License ID: 02338033