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176-182 Palm Ave
Marina, CA 93933
Multifamily Property For Sale
·
23 Units
PROPERTY FACTS
| No. Units | 23 | Lot Size | 1.30 AC |
| Property Type | Multifamily | Building Size | 13,696 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built | 1960 |
| Building Class | C | Parking Ratio | 1.68/1,000 SF |
| Zoning | R-4 | ||
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 1.30 AC |
| Building Size | 13,696 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | R-4 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
SITE AMENITIES
- Recycling
ABOUT 176-182 PALM AVE , MARINA, CA 93933
Great opportunity to own a 23 Unit Apartment in Marina, CA. There are 20- 1 Bedroom units and 3- 2 bedroom units. The units are all in fair condition. New roofs for all 6 buildings will be completed by March 25th. There is a good upside in rents if units are remodeled. The property manager uses RUBS and charges tenants their share of water and trash. All units are individually metered for gas and electricity. Separate laundry facility on site. 8 covered parking spaces and an additional 15 on site spaces. The parcel is zoned R-4 Multi-family residential with a maximum site density of 25 units per acre or 1 unit for each 1743 sf of land. In this case, you could potentially build 8-9 units additional units under the current zoning standards. However, the zoning allows up to 35 units per acre with a conditional use permit which would allow up to 43 units on the site. The property is located on two lots of record with only 1 APN. A lot split is also possible.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 20 | $1,475 | 460 - 600 |
| 2+1 | 3 | $1,700 | 864 |
PROPERTY TAXES
| Parcel Number | 033-161-002-000 | Improvements Assessment | $2,277,957 |
| Land Assessment | $3,413,486 | Total Assessment | $5,691,443 |
PROPERTY TAXES
