5 Plex Units, 2 units are 2 Bedroom 2 Bath and 3 units Are 1 bedroom 1 Bath Located in The Heart Of The City Of Marina. Local convenience Shopping are within Walking Distance Plenty of parking space . All Units Are Currently Tenant Occupied.
Multi-familyProperty Type
1952Year Built
0.66 acresLot Size
$445Price/Sq.Ft.
4 car garageParking
Listed by Hilda Iracheta•DRE #01200760• Elite Realty
Contact: 831-594-1175
Bought with Hilda Iracheta•DRE #01200760• Elite Realty
This property consists of five residential rental units on a 28,750 sq. ft lot (nearly 0.70 acres). Currently there are two @ two-bedroom units with two full bathrooms each, and three @ one-bedroom units with one bath each. One of the two bedroom units is a free standing (not attached) unit. All of the units are currently rented, at extremely low rents. This property offers development opportunities, while generating rental income. Please check with the City of Marina Planning Department's Zoning Ordinance, for the specific type of use allowed at this property location. It is our understanding that in November 2002, the property had "mixed-use" conditional zoning approval. This is strictly an AS IS sale, no exceptions.
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Permits
Beds
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Baths
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Stories
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Lot width
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Lot depth
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Lot size
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Year renovated
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Sq. Ft.
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Year built
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Style
Multi-Family (5+ Unit)
County
Monterey County
APN
032-121-025
Parking Spaces
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Basement
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Accessible
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HOA Dues
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Garage
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Features
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Last updated by owner on Nov 3, 2024.
Mar 17, 2025 • Final
Building
Remove an existing stackable washer and dryer along with the associated plumbing, electrical, and mechanical systems. Strip the area back to the wall framing.
Electrical
Plumbing
Feb 25, 2025 • Final
Building
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Carport (Minimum): 1
Parking Description: Carport
Garage Spaces: 4
Parking Spaces: 1
Interior
Multi-Unit Information
# of Units in Complex (Minimum): 3
Annual Rental Income: $54,960
Annual Gross Income: $54,960
Gross Rent Multiplier: 24.09
Gross Scheduled Income: $54,960
Total Expenses: $16,336
Unit Type 1 Information
# of Bedrooms: 1
# of Units (Total): 1
# of Baths (Full): 1
Approx Sq. Ft.: 692
Unit Type 2 Information
# of Bedrooms: 1
# of Units (Total): 1
# of Baths (Full): 1
Approx Sq. Ft.: 442
Unit Type 3 Information
# of Bedrooms: 1
# of Units (Total): 1
# of Baths (Full): 1
Approx Sq. Ft.: 380
Unit Type 4 Information
# of Bedrooms: 2
# of Units (Total): 1
# of Baths (Full): 2
Approx Sq. Ft.: 767
Unit Type 5 Information
# of Bedrooms: 2
# of Units (Total): 329
# of Baths (Full): 2
Approx Sq. Ft.: 704
Exterior
Exterior Features
Roof: Wood Shakes/Shingles
Building Information
# of Buildings: 2
Subclass: 5+ Units
Concrete Slab
Property Features
Living Sq. Ft.: 2,357
Property Information
Ownership Type: Sole Proprietor
Property Primary ID: 615590
Tenant Expenses: Utilities (Water)
Lot Information
Lot Acres: 0.66
Lot Size Area Minimum Units: Sq. Ft.
Lot Size Area Maximum Units: Sq. Ft.
Lot Size Source: Assessor
Zoning: R
Financial
Tax/Assessment Information
Annual Tax Amount: $12,911
City Transfer Tax: Yes
Utilities
Utility Information
Meters: Separate Gas
Sewer Septic: Sewer in Street
Utilities: Public Utilities
Trash Expense: $300
Utility Expenses: $125
Water Information
Water: Water Available at Street
Location
School Information
Elementary School District: Monterey Peninsula Unified
High School District: Monterey Peninsula Unified
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Monterey County
APN: 032-121-025
Home facts updated by county records on Nov 3, 2024
Around this home
Schools
Ione Olson Elementary School
Public K-6 • Assigned • 0.7mi
7/10
Los Arboles Middle School
Public 7-8 • Assigned • 0.6mi
4/10
Marina High School
Public 9-12 • Assigned • 0.8mi
6/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
2/10 Fire Factor
0.00% chance of being in a wildfire in next 30 years
2/10 Heat Factor
7 days above 77° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
6/10 Air Factor
8 unhealthy days expected this year, 8 days in 30 years
Provided by First Street
Historical weather
Marina, CA • 93933
Average low and high temperatures (°F)
63
41
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67
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63
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63
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64
54
63
51
66
52
68
50
63
44
62
43
Jan
Feb
Mar
Apr
May
Jun
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Sun exposure
In this area, properties receive around 11.2 hours in
June and 4.8 hours in December, placing it above the
U.S. average for solar exposure.