This Multifamily Property is no longer advertised on LoopNet.com.

225 Cypress Ave
Marina, CA 93933

Call for Offers through March 1st 2022 · Multifamily Property For Sale · 12 Units

Apartment Buildings California Marina 225 Cypress Ave, Marina, CA 93933

INVESTMENT HIGHLIGHTS

  • The Mosaic Student Housing building at 225 Cypress Ave was delivered in 2021 and offers 64 beds across 12 units and 30 bedrooms.
  • Units come fully furnished with atypical high-quality finishes (full kitchens, closet storage, a balcony) and communal indoor and outdoor amenities.
  • Located approximately 2.5 miles from CSU Monterey Bay, students can quickly bike (15 minutes), bus (26 minutes), or drive (7 minutes) to campus.
  • CSU Monterey Bay plans to nearly double its current student population of 7,545 students, presenting ample opportunity for a new owner.
  • On-campus beds at CSUMB are 100%-leased, and the surrounding multi-family communities boast an occupancy rate of 95-97%.
  • Calling for offers through 02/24. The property is being offered on an “As-is, Where-is” basis. Any inquiries should be directed to the Colliers team.

PROPERTY FACTS

No. Units 12
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Mid Rise
Building Class B
Lot Size 0.28 AC
Building Size 10,998 SF
No. Stories 4
Year Built 2021
Parking Ratio 1.18/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Cable Ready
  • Dishwasher
  • Heating
  • Ceiling Fans
  • Eat-in Kitchen
  • Kitchen
  • Granite Countertops
  • High Speed Internet Access
  • Refrigerator
  • Range
  • Carpet
  • Wi-Fi
  • Breakfast Nook
  • Deck
  • Double Pane Windows
  • Family Room
  • Recreation Room
  • Window Coverings

SITE AMENITIES

  • 24 Hour Access
  • Laundry Facilities
  • Gameroom
  • Wi-Fi
  • Storage Space
  • Bicycle Storage
  • Multi Use Room
  • Sundeck
  • Public Transportation

ZONING

Zoning Code CI-MU (12 apartment units, 30 bedrooms, 20 full bathrooms, 64 total beds. 2 affordable beds, 62 market rate beds.)
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  • Listing ID: 24427207

  • Date on Market: 11/4/2021

  • Last Updated:

  • Address: 225 Cypress Ave, Marina, CA 93933

More public record information on 225 Cypress Ave, Marina, CA 93933

The Multifamily Property at 225 Cypress Ave, Marina, CA 93933 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.

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