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11-Unit Apartment Complex in Marina 3108 Seacrest Ave 11 Unit Apartment Building $4,395,000 ($399,545/Unit) 5.53% Cap Rate 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 | Apartment Style | Low-Rise |
| Price Per Unit | $399,545 | Building Class | C |
| Sale Type | Investment or Owner User | Lot Size | 0.26 AC |
| Cap Rate | 5.53% | Building Size | 6,797 SF |
| No. Units | 11 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 2025 |
| Property Subtype | Apartment | ||
| Zoning | C-R - Commercial/Multiple Family Residential | ||
| Price | $4,395,000 |
| Price Per Unit | $399,545 |
| Sale Type | Investment or Owner User |
| Cap Rate | 5.53% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 6,797 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | C-R - Commercial/Multiple Family Residential |
Amenities
Unit Amenities
- Balcony
- Patio
Site Amenities
- Laundry Facilities
- Security System
1 1
Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 032-201-033-000 | Improvements Assessment | $790,000 |
| Land Assessment | $811,824 | Total Assessment | $1,601,824 |
Property Taxes
Parcel Number
032-201-033-000
Land Assessment
$811,824
Improvements Assessment
$790,000
Total Assessment
$1,601,824
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