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3108 Seacrest Ave - 11-Unit Apartment Complex in Marina 6,797 SF Specialty Building Offered at $4,395,000 at a 5.53% Cap Rate in Marina, CA 93933
Executive Summary
Mahoney & Associates is pleased to present for sale 3108 Seacrest Avenue, a brand new, eleven-unit multifamily investment opportunity located in the City of Marina, California. Built in 2025 and delivered in excellent condition, this Class A apartment building represents one of the few opportunities to acquire newly constructed, institutionally finished rental housing in the supply-constrained Monterey Bay coastal market.
EXTREMELY RARE BRAND NEW CONSTRUCTION
- Built in 2025 and delivered in excellent condition
- Class A apartment building
- One of the few opportunities to acquire newly constructed, institutionally finished rental housing in the supply-constrained Monterey Bay coastal market
- Lean and predictable operating expense structure with tenants responsible for water, garbage, and PG&E
- Eleven (11) on-site parking spaces, offering approximately one space per unit, a meaningful amenity in a coastal submarket where parking is increasingly scarce
- Individual utility meters for each unit
EXTREMELY RARE BRAND NEW CONSTRUCTION
- Built in 2025 and delivered in excellent condition
- Class A apartment building
- One of the few opportunities to acquire newly constructed, institutionally finished rental housing in the supply-constrained Monterey Bay coastal market
- Lean and predictable operating expense structure with tenants responsible for water, garbage, and PG&E
- Eleven (11) on-site parking spaces, offering approximately one space per unit, a meaningful amenity in a coastal submarket where parking is increasingly scarce
- Individual utility meters for each unit
Property Facts
| Price | $4,395,000 | Building Size | 6,797 SF |
| Price Per SF | $646.61 | No. Stories | 3 |
| Sale Type | Investment or Owner User | Year Built | 2025 |
| Cap Rate | 5.53% | Parking Ratio | 1.62/1,000 SF |
| Property Type | Specialty | ||
| Zoning | C-R - Commercial/Multiple Family Residential | ||
| Price | $4,395,000 |
| Price Per SF | $646.61 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.53% |
| Property Type | Specialty |
| Building Size | 6,797 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 1.62/1,000 SF |
| Zoning | C-R - Commercial/Multiple Family Residential |
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Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
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3108 Seacrest Ave - 11-Unit Apartment Complex in Marina
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