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Mar Vista Portfolio 2 Multifamily Properties Offered at $9,461,815 CAD in Aptos, CA
Investment Highlights
- Properties are available for sale individually or as a portfolio
- Portfolio includes one- and two-story multifamily buildings plus a detached residential cottage, creating a unique residential compound setting
- Conveniently located near Aptos beaches, dining, shopping, recreation amenities, employment centers, and the University of California, Santa Cruz
- Fully leased 16-unit multifamily portfolio in desirable Aptos, California, consisting of three adjacent parcels along Mar Vista Drive
- Strong in-place income stream with approximately $493,560 in annual rental revenue and $41,130 in monthly rent
- Twelve carports, seven open spaces, four assigned spaces & garage
Executive Summary
This 16-unit Aptos multi residential portfolio offers the fundamentals a thoughtful investor looks for: scale, 100% occupancy, strong in-place income, and the advantage of adjacent ownership across three APNs. Comprised of two neighboring income-producing properties, the portfolio generates more than$493,560 in annual rental income and includes a desirable unit mix of fourteen two-bedroom residences and two studio apartments. The offering provides immediate income, operational efficiency, and future flexibility rarely found in a market with limited multi residential inventory.
Beyond current income, the portfolio allows an investor to evaluate upside through market rent positioning, operating expense review, and net operating income potential, all detailed in the Offering Memorandum. The location is further strengthened by the new pedestrian and bicycle bridge over Highway 1, scheduled for completion in 2026 at the end of Mar Vista Drive, connecting Seacliff and Aptos, improving access to schools, beaches, and community amenities.
For the investor seeking stabilized income and long-term ownership in one of Santa Cruz County’s communities, this is a portfolio worth serious review.
Beyond current income, the portfolio allows an investor to evaluate upside through market rent positioning, operating expense review, and net operating income potential, all detailed in the Offering Memorandum. The location is further strengthened by the new pedestrian and bicycle bridge over Highway 1, scheduled for completion in 2026 at the end of Mar Vista Drive, connecting Seacliff and Aptos, improving access to schools, beaches, and community amenities.
For the investor seeking stabilized income and long-term ownership in one of Santa Cruz County’s communities, this is a portfolio worth serious review.
Data Room Click Here to Access
- Offering Memorandum
- Market Information
- Operating and Financials
- Third Party Reports
- Title and Insurance
- Miscellaneous
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
$99,999
|
| Vacancy Loss |
$99,999
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
$99,999
|
| Total Expenses |
$99,999
|
| Net Operating Income |
$99,999
|
Taxes & Operating Expenses (Pro Forma - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
Property Facts
| Price | $9,461,815 CAD | Number of Properties | 2 |
| Price / SF | $763.60 CAD / SF | Individually For Sale | 2 |
| Cap Rate | 3.92% | Total Building Size | 12,391 SF |
| Sale Type | Investment | Total Land Area | 0.99 AC |
| Status | Active |
| Price | $9,461,815 CAD |
| Price / SF | $763.60 CAD / SF |
| Cap Rate | 3.92% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 12,391 SF |
| Total Land Area | 0.99 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 2643 Mar Vista Dr, Aptos, CA 95003 | Multifamily | 7,295 SF | 1972 | $5,285,420 CAD |
| 2695 Mar Vista Dr, Aptos, CA 95003 | Multifamily | 5,096 SF | 1980 | $4,176,394 CAD |
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