225 Mcculloch Cir

6 Unit Apartment Building $1,995,000 ($332,500/Unit) 4.85% Cap Rate Marina, CA 93933

INVESTMENT HIGHLIGHTS

  • All Units are ground floor and single level
  • Close to Amenities and public transportation
  • Individually fenced and private backyard per unit

EXECUTIVE SUMMARY

Well-maintained single-level 6-unit apartment complex in a prime Marina neighborhood, just minutes from the beach and shopping. Each of the six spacious units features 2 bedrooms and 1 bathroom, offering comfortable living spaces. The property includes private, fenced backyards for each unit, providing an ideal outdoor area for tenants. Additional conveniences include a shared laundry room and plenty of parking. Recent updates, including fresh paint and new windows, enhance the property's appeal. With its unbeatable location, great amenities, and strong rental potential, this is a fantastic investment opportunity.

FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $1,995,000
Price Per Unit $332,500
Sale Type Investment
Cap Rate 4.85%
No. Units 6
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Lot Size 0.57 AC
Building Size 5,075 SF
No. Stories 1
Year Built 1965
Parking Ratio 1.58/1,000 SF
Cross Streets Michael Dr

UNIT AMENITIES

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Carpet
  • Yard
  • Smoke Free

SITE AMENITIES

  • Laundry Facilities

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+1 6 $1,985 800

PROPERTY TAXES

ZONING

Zoning Code R4
  • Listing ID: 34620958

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 225 Mcculloch Cir, Marina, CA 93933