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15-Unit Apartment Complex in Marina For Sale 3110 Lake Dr 15 Unit Apartment Building $5,730,522 CAD ($382,035 CAD/Unit) 5.53% Cap Rate Marina, CA 93933
Executive Summary
Mahoney Associates is pleased to present to the market the opportunity to purchase 3110 Lake Drive in Marina California. Located directly off US Highway 1 and only a few miles from the new residential and commercial developments in downtown Marina, this 15 unit apartment complex has been well maintained and has extremely strong rental history. All 15 units are two bedroom one bath units and are approximately 850 ft.². There is a common laundry facility on property, carports for the tenants, and storage units adjacent to the carports.
Property Facts
| Price | $5,730,522 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $382,035 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.70 AC |
| Cap Rate | 5.53% | Building Size | 18,522 SF |
| No. Units | 15 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1985 |
| Property Subtype | Apartment | Parking Ratio | 1.61/1,000 SF |
| Zoning | R-4 - R-4 Multi Family Residential District | ||
| Price | $5,730,522 CAD |
| Price Per Unit | $382,035 CAD |
| Sale Type | Investment |
| Cap Rate | 5.53% |
| No. Units | 15 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 18,522 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 1.61/1,000 SF |
| Zoning | R-4 - R-4 Multi Family Residential District |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Picnic Area
- Tenant Controlled HVAC
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 15 | - | 816 |
1 1
Property Taxes
| Parcel Number | 033-151-017-000 | Improvements Assessment | $1,424,924 CAD |
| Land Assessment | $535,675 CAD | Total Assessment | $1,960,599 CAD |
Property Taxes
Parcel Number
033-151-017-000
Land Assessment
$535,675 CAD
Improvements Assessment
$1,424,924 CAD
Total Assessment
$1,960,599 CAD
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15-Unit Apartment Complex in Marina For Sale | 3110 Lake Dr
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