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3047 Zanetta Dr 10 Unit Apartment Building $1,650,000 ($165,000/Unit) 5.57% Cap Rate Marina, CA 93933



INVESTMENT HIGHLIGHTS
- Recent capital improvements and interior remodels provide modern comfort and appeal for tenants.
- The property is only six minutes to Cal State Monterey Bay, a top-ranked regional university.
- Ideally located just minutes from the beaches of Monterey Bay.
EXECUTIVE SUMMARY
3047 Zanetta Drive is a beautifully upgraded four-plex in the desirable coastal city of Marina, California. Situated on a 7,311 sq. ft. lot, this well-maintained property was built in 1972 and offers a gross building area of approximately 3,465 sq. ft., featuring spacious two-bedroom floor plans. Recent capital improvements and interior remodels provide modern comfort and appeal for tenants. Ideally located just minutes from the beaches of Monterey Bay, residents enjoy easy access to premier shopping, dining, and entertainment including Kohls, Best Buy, REI, and Michaels. The property is only six minutes to Cal State Monterey Bay, a top-ranked regional university. Conveniently positioned between Salinas and Monterey, Marina offers strong rental demand supported by a diverse regional economy centered on education, healthcare, tourism, and agriculture.
Private: Seller will consider concessions requests with offer. Restricted showings; please do not disturb occupants. Agents and serious buyers are encouraged to submit offers contingent upon viewing the interior. For questions or access arrangements, please contact listing agents William Smith or Nancy Nino at (831) 626-2400. Income and Expenses in listing are estimated and variable. More detailed information will become available after 2025 taxes are completed.
Private: Seller will consider concessions requests with offer. Restricted showings; please do not disturb occupants. Agents and serious buyers are encouraged to submit offers contingent upon viewing the interior. For questions or access arrangements, please contact listing agents William Smith or Nancy Nino at (831) 626-2400. Income and Expenses in listing are estimated and variable. More detailed information will become available after 2025 taxes are completed.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,650,000 | Property Subtype | Apartment |
| Price Per Unit | $165,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,465 SF |
| Cap Rate | 5.57% | Average Occupancy | 100% |
| Gross Rent Multiplier | 12.31 | No. Stories | 2 |
| No. Units | 10 | Year Built/Renovated | 1972/2024 |
| Property Type | Multifamily | Parking Ratio | 2.31/1,000 SF |
| Zoning | R4 | ||
| Price | $1,650,000 |
| Price Per Unit | $165,000 |
| Sale Type | Investment |
| Cap Rate | 5.57% |
| Gross Rent Multiplier | 12.31 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Lot Size | 0.17 AC |
| Building Size | 3,465 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1972/2024 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | R4 |
AMENITIES
SITE AMENITIES
- Recycling
- Smoke Free
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $2,674 | 842 |
| 2+1 | 2 | $2,674 | 904 |
| 2+1 | 3 | $2,546 | 904 |
| 2+1 | 4 | $2,550 | 846 |
PROPERTY TAXES
| Parcel Number | 032-321-033-000 | Total Assessment | $1,417,912 |
| Land Assessment | $530,604 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $887,308 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
032-321-033-000
Land Assessment
$530,604
Improvements Assessment
$887,308
Total Assessment
$1,417,912
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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3047 Zanetta Dr
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