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Multifamily

3047 Zanetta Dr

3047 Zanetta Dr, Marina, CA 93933

Listing Price: $1,650,000

Cap Rate
5.35%
Number of Units
4
GRM
14.19
Price/Unit
$412,500
Price/Gross SF
$476.19
Gross SF
3,465

Investment 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.

Investment Highlights

  • Exceptional Investment Opportunity - 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.
  • Prime Monterey County Location - Several popular nearby attractions including the Monterey Bay Aquarium, the Presidio of Monterey Museum, and countless eateries and shopping options.
  • Strong Renter's Market - The subject property benefits from its close proximity to Cal State Monterey Bay, creating a strong demand for higher rental rates.
  • Extensive Capital Improvements - 3047 Zanetta Dr has recently undergone extensive capital improvements with select units now featuring new dual-pane windows, updated kitchens, quartz countertops, upgraded cabinets, and hardwood-style flooring.
  • Coastal Gem - Marina offers residents stunning coastal activities and attractions making it an ideal oceanside destination for those wanting to experience the best of what Coastal California has to offer.
  • Excellent Transportation Corridors - 3047 Zanetta Dr offers easy access to California State Route 1, California State Route 218, U.S. 101 and California State Route 68.

Exclusively Listed By

Multifamily

3047 Zanetta Dr

Listing Price: $1,650,000

Cap Rate
5.35%
Number of Units
4
GRM
14.19
Price/Unit
$412,500
Price/Gross SF
$476.19
Gross SF
3,465

Investment Highlights

  • Exceptional Investment Opportunity - 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.
  • Prime Monterey County Location - Several popular nearby attractions including the Monterey Bay Aquarium, the Presidio of Monterey Museum, and countless eateries and shopping options.
  • Strong Renter's Market - The subject property benefits from its close proximity to Cal State Monterey Bay, creating a strong demand for higher rental rates.
  • Extensive Capital Improvements - 3047 Zanetta Dr has recently undergone extensive capital improvements with select units now featuring new dual-pane windows, updated kitchens, quartz countertops, upgraded cabinets, and hardwood-style flooring.
  • Coastal Gem - Marina offers residents stunning coastal activities and attractions making it an ideal oceanside destination for those wanting to experience the best of what Coastal California has to offer.
  • Excellent Transportation Corridors - 3047 Zanetta Dr offers easy access to California State Route 1, California State Route 218, U.S. 101 and California State Route 68.

Investment 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.

Exclusively Listed By

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