225 Mcculloch Cir Marina, CA 93933-2417
- Apartment buildings
- 5,075 SF
- 0.57 lot acres
Current Use by Public Records
- Apartment buildings
Property Details for 225 Mcculloch Cir
- Year built
- 1965
- Construction
- WOOD
- Lot size
- 0.57 lot acres
- Property size
- 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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,800,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,710,000
- 6.5%
- $1,645,000
- 7%
- $1,915,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,680,000
- Geo Method
- $1,890,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,695,000
- Retail
- $1,650,000
- Mixed-Use
- $1,785,000
- Hospitality
- $2,080,000
- Educational
- $1,975,000
- Residential Income
- $1,610,000
- Energy
- $1,600,000
- Income-Based Land
- $1,740,000
- Food Service
- $2,220,000
Location Insight
- Map
- Local Demand
- City
- Marina
- County
- Monterey
- State
- California
- Longitude
- -121.795
- Latitude
- 36.6949
- CBSA code
- 41500
- CBSA name
- SALINAS, CA METROPOLITAN STATISTICAL AREA
