Log In/Sign Up
Your email has been sent.
2695 Mar Vista Dr
Aptos, CA 95003
Multifamily Property For Sale
·
7 Units
Investment Highlights
- Fully leased 7-unit multifamily investment property with 100% occupancy.
- Strong in-place income of $17,970 per month and $215,640 annually.
- App-operated on-site laundry facility provides an additional amenity for residents.
- Located in a desirable coastal Aptos neighborhood with convenient access to beaches, dining, shopping, recreation, and major employment centers.
- New Highway 1 pedestrian and bicycle bridge scheduled for completion in 2026 will improve connectivity between Aptos and Seacliff, beaches, schools, a
- Contact listing brokers for more information.
Executive Summary
This fully leased seven-unit multifamily property offers the fundamentals a thoughtful investor looks for: 100% occupancy, strong in-place income, and 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 coastal communities, this is an opportunity worth serious consideration.
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 coastal communities, this is an opportunity worth serious consideration.
Property Facts
| Price Per Unit | $425,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 3.66% | Lot Size | 0.49 AC |
| Gross Rent Multiplier | 14.38 | Building Size | 5,096 SF |
| No. Units | 7 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1980 |
| Property Subtype | Apartment | ||
| Zoning | RM-3 - High Density Residential | ||
| Price Per Unit | $425,000 |
| Sale Type | Investment |
| Cap Rate | 3.66% |
| Gross Rent Multiplier | 14.38 |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.49 AC |
| Building Size | 5,096 SF |
| No. Stories | 2 |
| Year Built | 1980 |
| Zoning | RM-3 - High Density Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | 1,500 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $965,700 | |
| Land Assessment | $2,058,743 | Total Assessment | $3,024,443 |
Property Taxes
Parcel Numbers
Land Assessment
$2,058,743
Improvements Assessment
$965,700
Total Assessment
$3,024,443
1 of 27
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
