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225 CYPRESS AVE Marina CA 93933-3801

[Locked] • APN 032-311-009-000

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Details
Property Type Multifamily
Sub Type Apartment Building
Building SqFt 2,167
Lot SqFt 12,836
Acreage ******
Sold Date ******
Sold Price ******
Sold Price/SqFt ******
Zoning Code SP-T
Year Built 1934
Building Count 1
Opportunity Zone No
Sale NOI ******
Sale Cap Rate ******
Mortgage Amount ******
Mortgage Term ******

Property History

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Activated On
10/29/2021 18:31:30
Sold Price
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Description
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Marketing Description
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Marketing Description Text
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Investment Highlights
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Brokers
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Sale Cap Rate
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Sale Net Operating Income
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Price/Sq Ft
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Asking Cap Rate
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Days on Market
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Brokerage(s)
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Property Type
Property Type
Multifamily
Property Subtype
Student Housing
Asking Details
Asking Cap Rate
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Marketing Description
Market to determine sale price based on projected 2022 NOI of $722,485. This Mosaic Student Housing opportunity is comprised of 12 units offering a total of 64 beds. Project was completed Q3 2021 with final approval to rent all units November 1, 2021. October 2021 occupancy was limited to first two floors as the elevator permit was pending. All units are now available for lease and occupancy is anticipated to hit 100% by January 1, 2022. Each unit features easy access from exterior walkways, a private balcony, fully equipped kitchen, full bathroom(s) and closet space. Communal amenities include an observation deck, library/study room, storage lockers, entertainment room with pool and ping-pong tables and secured parking spaces.

Investment Highlights
  • This is 2021 built student housing project in the Monterey County city of Marina. This project serves the California State University, Monterey Bay campus and is located approximately 2.5 miles from campus.
  • Project includes 12 student units with a total of 64 beds
  • Each unit includes a full kitchen and balcony.
  • On-site amenities include an observation deck, library/study room, private lockers, individual unit balconies, elevator, secured parking and easy unit access.

Loan History

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Financial History

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Tax History

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Contact Information

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Ownership Information

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Zoning

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DVSP-T SpecialDowntown Vitalization Specific Plan Transition District
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View all 36 uses
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Last updated Jun 26, 2026 For deeper zoning details, reports are available at Zoneomics

Property Details

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Contacts

Sold on
 BY:
TD
Thomas de Jong PRO
•••.•••.0337
•••.••jong@••••••••.com
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