225 Mcculloch CirMarina, CA 93933

Property Details for 225 Mcculloch Cir

Year built

1965

Construction

WOOD

Lot size

0.57 AC

Property size (Sq ft)

5,075 SF

Property type

Apartment buildings

APN

032-031-035-000

APU

32031035000

Description

This well-maintained, single-story six-unit apartment complex is situated on a 0.57-acre lot at 225 McCulloch Circle in Marina, California. The property boasts a total of 5,075 square feet and offers a fantastic investment opportunity due to its prime location, just minutes from the beach and local shopping. Each of the six units is generously sized, featuring two bedrooms and one bathroom, providing comfortable living spaces for tenants. A key advantage is the inclusion of private, fenced backyards for each unit, offering tenants desirable outdoor space. Further enhancing tenant appeal are the shared laundry facilities and ample parking. Recent upgrades have been implemented to maintain the property's high standards, including fresh paint throughout and the installation of new windows. The property's strong rental potential, combined with its desirable location and attractive amenities, makes it an exceptional investment opportunity in the thriving Marina, CA market. The asking price is $1,995,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,884,498

  6.5%

  $1,739,536

  7%

  $1,615,284

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,193,976

  Geo Method

  $2,193,976

• Alternative Use

  Use

  Valuation

  Residential

  $1,739,536

  Hospitality

  $1,593,406

  Educational

  $1,325,695

  Medical

  $1,371,288

  Retail

  $2,062,192

Location Insight

City

Marina

County

Monterey

State

California

Latitude

36.6949

Longitude

-121.795

CBSA code

41500

CBSA name

SALINAS, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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