Listed by Mahoney & Associates
$4,395,000
3108 Seacrest Avenue
Details
APN 032-201-033
Property Type Multifamily
Sub Type Apartment Building
Square Footage 6,797
Net Rentable (SqFt) 5,962
Units 11
Cap Rate 5.53%
NOI $243,123
Occupancy 100%
Tenancy Multi
Price per SqFt $647
Class A
Year Built 2025
Buildings 1
Stories 3
Acreage 0.240
Zoning C-R, Commercial/Multiple Family Residential
Parking Spaces 11 spaces
Parking per 1,000 SqFt 1.62
Investment Type Stabilized
Multifamily | 5.53% CAP | 11 Units
Marketing description
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.
Investment highlights
- 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
- Per-floor laundry rooms generating $5,700 in annual laundry income
Listing Contacts
Listed by Mahoney & Associates
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$243,123.00
$20,260.25/mo
Valuation Metrics
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DSCR
5.53%
Cap Rate
5.53%
ROI
Map
Zoning
DVSP-MFR SpecialDowntown Vitalization Specific Plan Multifamily Residential District
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View all 36 uses Last updated Jun 26, 2026 For deeper zoning details, reports are available at Zoneomics
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