2545 Mar Vista Dr, Aptos, CA 95003
Triplex in Aptos with three units and artist studio.
- Added:
- Apr 21, 2026
- Days on Market:
- 57
- Last Refresh:
- Apr 21 at 12:27 am
Property Features for 2545 Mar Vista Dr
General Information
- Standard status
- Active
- Size
- 2,400 SF
- Lot size
- 0.22 Acres
- Property subtype
- Investment
Building Details
- Year Built
- 1951
Listing agent Kelly Mechem License #01959885 (831) 334-7707
Listing office Bailey Properties (831) 334-7707
Listing date Apr 21, 2026
Source Elliman
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All listing content including descriptions, pricing, images are the copyrighted material of Bailey Properties
HighLights
- Triplex featuring three separate units: two 1‑bed/1‑bath and one 2‑bed/1‑bath, plus an artist studio/workshop.
- Prime Aptos location, offering close access to Seacliff State Beach, restaurants, and shops via the upcoming Mar Vista Pedestrian Bridge.
- Generous 9,409 sq ft lot with C‑1 zoning, allowing for flexible residential or mixed‑use possibilities.
- Multi‑residential property ideal for investors, multi‑generational families, or owner‑users.
- Approximately 2,400 sq ft of total living area.
- Priced at $999,000, presenting significant potential for contractors and visionaries to unlock value.
Overview
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.9k | $40.80 |
| − Vacancy | −$2.3k | −$0.97 |
| EGI | $95.6k | $39.83 |
| − OpEx | −$28.7k | −$11.95 |
| NOI | $66.9k | $27.88 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Aptos
- County
- Santa Cruz
- State
- California
- Longitude
- -121.9169816
- Latitude
- 36.9817439