3047 Zanetta Dr - Multi-Family FOR SALE


Marina, CA 93933
$1,650,000 USD
831-293-3902
3047 Zanetta Dr, Marina, CA for Sale
$1,650,000 USD
Multi-Family - FOR SALE
1/7
null | 5.35% Cap Rate

3047 Zanetta Dr
Marina, CA 93933


HIGHLIGHTS

  • Investors have the opportunity to acquire a stunning multi-family asset in one of the most dynamic and desirable locations in the Monterey Bay area.
  • Several popular nearby attractions including the Monterey Bay Aquarium, the Presidio of Monterey Museum, and countless eateries and shopping options.
  • The subject property benefits from its close proximity to Cal State Monterey Bay, creating a strong demand for higher rental rates.
  • 3047 Zanetta Dr has recently undergone extensive capital improvements with select units now featuring new dual-pane windows, updated kitchen and more.
  • Marina offers residents stunning coastal activities and attractions making it an ideal oceanside destination.
  • 3047 Zanetta Dr offers easy access to California State Route 1, California State Route 218, U.S. 101 and California State Route 68.

OVERVIEW

3047 Zanetta Dr is a stunning four-plex located in the thriving coastal city of Marina, California. Situated on a parcel of land totaling 7,311 square feet, the subject property was originally constructed in 1972 and has a gross building area of approximately 3,465 square feet, offering its tenants beautifully designed two-bedroom floor plans. The subject property has recently undergone extensive capital improvements with units being remodeled. The subject property is situated within a prime location. The Dunes On Monterey Bay is located just a short 4 minute drive away, home to a myriad of shopping, dining and entertainment options. Notable retailers at the shopping center include, Kohl's, Best Buy, REI, Michaels and much more. 3047 Zanetta Dr is also located six minutes away from Cal State Monterey Bay, ranked #10 in "Regional Universities West Rankings" according to US News. The City of Marina is centrally located along the central coast of California, 8 miles west of Salinas and 8 miles northeast of Monterey. The Monterey Bay area is home to a diverse employer base of educational institutions, tourism, healthcare, and agriculture including Montage Health, CSU Monterey Bay, Monterey Bay Aquarium, CTB-McGraw Hill, as well as many others. The area also offers residents several transportation options including California State Route 1, California State Route 218, U.S. 101 and California State Route 68. The investment appeal of this asset is driven by Marina's appealing location along California's iconic coast. With a world-class location in the heart of Monterey County, 3047 Zanetta Dr presents an attractive choice for investors due to its close proximity to major employers, transportation corridors, shopping, dining, and entertainment options.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$476 USD /SF

# OF UNITS

4

PRICE/UNIT

$412,500

CAP RATE

5.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1972

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,311 SF

ZONING

-

APN/PARCEL ID

032-321-033-000

ASK ABOUT THIS PROPERTY

Joshua VeloMarcus & MillichapMore Info
831-293-3902

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Joshua VeloMarcus & MillichapMore Info
831-293-3902

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.