225 Mcculloch Cir
6 Unit Block of Flats £1,586,607 (£264,435/Unit) 4.85% Net Initial Yield Marina, CA 93933
INVESTMENT HIGHLIGHTS
- All Units are ground floor and single level
- Close to Amenities and public transportation
- Individually fenced and private backyard per unit
EXECUTIVE SUMMARY
Well-maintained single-level 6-unit apartment complex in a prime Marina neighborhood, just minutes from the beach and shopping. Each of the six spacious units features 2 bedrooms and 1 bathroom, offering comfortable living spaces. The property includes private, fenced backyards for each unit, providing an ideal outdoor area for tenants. Additional conveniences include a shared laundry room and plenty of parking. Recent updates, including fresh paint and new windows, enhance the property's appeal. With its unbeatable location, great amenities, and strong rental potential, this is a fantastic investment opportunity.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS Under Contract
| Price | £1,586,607 |
| Price Per Unit | £264,435 |
| Sale Type | Investment |
| Net Initial Yield | 4.85% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.61 AC |
| Building Size | 5,075 SF |
| Number of Floors | 1 |
| Year Built | 1965 |
| Parking Ratio | 1.58/1,000 SF |
| Cross Streets | Michael Dr |
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Carpet
- Yard
- Smoke Free
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+1 | 6 | £1,579 | 800 |
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PROPERTY TAXES
| Parcel Number | 032-031-035-000 | Total Assessment | £470,449 |
| Land Assessment | £192,152 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £278,296 | Tax Year | 2024 |
ZONING
| Zoning Code | R4 |
