M
Seller's Agent in 2017
Mark Kavanaugh
Montgomery Company
189 Debbie Dr Marina, CA 93933
Studio
--
Bath
4,533
Sq Ft
40,380
Sq Ft Lot
Highlights
- 0.93 Acre Lot
- 5 Car Attached Garage
- 1-Story Property
About This Home
As of July 2017Unique Investment Opportunity in Marina. Generate positive cash flow with this 5 unit plus storage unit gated property. Three homes (3143 Marina Dr, 193 Debbie Dr & 195 Debbie Dr), One Duplex (189&191 Debbie Dr) and a storage unit on .927 acres in the heart of Marina. 6 units total, all individual metered for gas/water/elec. All currently rented. Tenant pays all. Properties are different size, design and age. The three homes are 2 bed/1 ba/ 1 car garage. The duplex is a 3 bed/1.5 ba and attached garage. Current rents 18% below market. Priced right at 5.91 % CAP for its current income NOW with a potential of 7.13%. Zoned R-4 which allows for many other possibilities!
Last Agent to Sell the Property
Mark Kavanaugh
Montgomery Company License #00841494 Listed on: 06/23/2017
Last Buyer's Agent
Mark Kavanaugh
Montgomery Company License #00841494 Listed on: 06/23/2017
Property Details
Home Type
- Multi-Family
Year Built
- 1949
Lot Details
- 40,380 Sq Ft Lot
Parking
- 5 Car Attached Garage
- 1 Carport Space
Home Design
- Composition Roof
- Concrete Perimeter Foundation
Interior Spaces
- 4,533 Sq Ft Home
- 1-Story Property
Utilities
- Wall Furnace
- Separate Meters
- Individual Gas Meter
Listing and Financial Details
- Total Actual Rent $125,640
Community Details
Overview
- 4,533 Sq Ft Building
Building Details
- 6 Leased Units
- Insurance Expense $1,500
- Other Expense $3,000
- Operating Expense $22,951
- Gross Income $123,127
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/24/2017 07/24/17 | Sold | $1,649,000 | -2.7% | $364 / Sq Ft |
| 07/18/2017 07/18/17 | Pending | -- | -- | -- |
| 07/11/2017 07/11/17 | For Sale | $1,695,000 | 0.0% | $374 / Sq Ft |
| 07/07/2017 07/07/17 | Pending | -- | -- | -- |
| 06/23/2017 06/23/17 | For Sale | $1,695,000 | -- | $374 / Sq Ft |
Source: MLSListings
Agents Affiliated with this Home
Map
Source: MLSListings
MLS Number: ML81667376
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