Listing Agency: Blue Moon Realty m***@gmail.com Show Phone

Listed By: Moon Choe · License #01217391 Show Phone

Source: Elliman

Added: Nov 27, 2025 Changed: Aug 8 Last Checked: Jul 15 at 10:05PM

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Investment Insights

Based on property information with market context.

This 7,013 sq ft multifamily residential lot presents an opportunity for residential income property development in a high-demand rental area near California State University, Monterey Bay. The property allows for constructing a minimum of 3 units and up to 5 units, along with 2 ADUs. Utilities are on site. Additional information regarding multifamily residential district requirements is available.

Key Highlights

• Development opportunity in a high‑demand rental area near California State University, Monterey Bay.
• Multifamily residential lot (7,013 sq ft) allows for construction of multiple units.
• Potential to build a minimum of 3 units and up to 5 units.**

Property Analytics

Current Use

Residential land & home ...

Location Intelligence

Trade Area within ½ mile

4

Businesses Nearby

Explore this area Business Placement

Demographics for 93933, CA

27,218

Population

10,227

Households

2.7

Avg Household Size

35

Median Age

42%

College-Educated

90%

High-School Grad

10.7 sq mi

ZIP Area

2,544

Density / Sq Mi

$92,625

Median Household Income

$44,382

Median Earnings

$2,015

Median Rent

$776,900

Median Home Value

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Land - Multifamily residential lot near CSU Monterey Bay for development.

Where is this land located?

The property is located at 221 Mortimers Unit B Ln Marina, CA.

What is the asking price?

The asking price for this property is $399,000.

What are key features of this property?

This property features: Development opportunity in a high‑demand rental area near California State University, Monterey Bay.; Multifamily residential lot (7,013 sq ft) allows for construction of multiple units.; Potential to build a minimum of 3 units and up to 5 units.**