Bought with The C Group • Real Brokerage Technologies
$1,800,000
$2,100,000
14.3%For more information regarding the value of a property, please contact us for a free consultation.
2 Beds
1 Bath
4,500 SqFt
SOLD DATE : 06/30/2023
Key Details
Sold Price $1,800,000
Property Type Commercial
Sub Type Five or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $400
MLS Listing ID ML81922937
Sold Date 06/30/23
Bedrooms 2
Full Baths 1
Year Built 1960
Lot Size 0.649 Acres
Property Sub-Type Five or More Units
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 Cosky
Zoning R-4
Rooms
Other Rooms Laundry Room, Storage
Kitchen Countertop - Stone, Countertop - Tile, Exhaust Fan, Hood Over Range, Oven Range - Gas, Refrigerator
Interior
Heating Gas, Wall Furnace
Cooling None
Flooring Carpet, Tile, Vinyl / Linoleum
Laundry Coin Operated
Exterior
Exterior Feature Back Yard, Sprinklers - Auto
Parking Features Assigned Spaces, Off-Street Parking, Parking Area
Utilities Available Individual Electric Meters, Individual Gas Meters
Roof Type Composition
Building
Lot Description Grade - Level
Foundation Concrete Slab
Sewer Sewer Connected
Water Individual Water Meter
Others
Restrictions None
Tax ID 032-031-034-000
Security Features None
Special Listing Condition Not Applicable
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