REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,295,000
Est. payment | /mo
2,352 Sqft Lot
$ 3,295,000
Est. payment | /mo
2,352 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML81972102
HOA Y/N No
Year Built 1964
Annual Tax Amount $12,867
Lot Size 2,352 Sqft
Property Description
One of a kind investment opportunity in the heart of Rio Del Mar. 136 and 138 Marina are two fourplexes, each with their own separate APN and a shared courtyard. First time on the market in 50+ years. 136 Marina consists of two ground floor studio units, and two one-bedroom units on the second floor. The rear 1-bedroom unit has full ocean views from the balcony. 138 Marina consists of a large one-bedroom ground floor unit with private laundry. On the second floor is another spacious one-bedroom unit plus a studio apartment. The fourth unit, the Penthouse, is a large one-bedroom flat with full ocean views, private laundry, and a view deck. Quite literally located mere steps away from the Esplanade at Rio Del Mar Beach, this unique property offers the best access to coastal amenities. Sandy beaches and good eats at Pixie Deli and Venus Spirits are right around the corner. Ample parking is available on Marina Ave, no permits required. This amazing property is ready for new ownership with tremendous upside potential. Very little turnover and always easy to rent. Kitchens, bathrooms, appliances, and systems have been updated as units turnover. Continue leasing all units or leave one apartment vacant for an owners suite. The possibilities are endless and the Beach still beckons.
Location
State CA
County Santa Cruz
Area 699 - Not Defined
Zoning C-1
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Exterior
Carport Spaces 2
Roof Type Fiberglass,Flat
Building
Lot Description Zero Lot Line
Water Public
Schools
School District Other
Others
Tax ID 04215202000
Special Listing Condition Standard
Listed by Aimee Thayer-Garcia • Montalvo Homes & Estates
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "