2695 Mar Vista Drive, Aptos, CA, CA 95003
- $2,975,000
- List Price
- $2,975,000
- Status
- ACTIVE
- MLS#
- ML82053748
- County
- Santa Cruz
- Zoning
- RM-3
- Year Built
- 1974
- Square Feet
- 5,096
- Lot Size (acres)
- 0.43
- Days on Market
- 17
- Property Type
- Commercial
Property Description
A RARE APTOS INVESTMENT OPPORTUNITY. This fully leased seven-unit multifamily property offers the fundamentals a thoughtful investor looks for: 100% occupancy, strong in-place income, and a desirable coastal location. Generating more than $17,970 in monthly rental income, the property features a proven unit mix of six two-bedroom residences and one studio apartment, providing stable cash flow and immediate income. Beyond current income, investors can evaluate opportunities 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 while improving access to schools, beaches, and community amenities. For the investor seeking stabilized income and long-term ownership in one of Santa Cruz County's desirable coastal communities, this is an opportunity worth serious consideration. Enjoy!
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Additional Information
- Taxes
- $43,087
- Parcel Number
- 03919116000A
- Gross Scheduled Income
- $218,040
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- None
- Roof
- Composition, Fiberglass, Shingle
- Parking Spaces
- 7
- Water
- Public
- School District
- Other
- Elementary School
- Mar Vista
- Middle School
- Other
- High School
- Aptos
Listing courtesy of Listing Agent: Helen Pastorino (hpastorino@pertria.com) from Listing Office: Pertria.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.