619 Beach Drive

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619 Beach Drive

Aptos, CA 95003
Asking Price
$3.60M
Asset Type
Single Family Rental Portfolio Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily property available for purchase in Aptos, California
  • Asset features two rental units on a 0.152-acre lot
  • Offered at an asking price of 3,600,000 dollars
  • On-street and dedicated parking area provided for residents
  • Located in a coastal region with consistent rental demand

What's Special

This multifamily property at 619 Beach Drive in Aptos, California, is currently listed for sale as a strategic addition for investors seeking a single-family rental portfolio. The asset consists of two distinct units situated on a 0.152-acre parcel, presenting a practical opportunity for residential income generation in a coastal market. Aptos serves as a desirable residential enclave within the Santa Cruz region, benefiting from consistent demand driven by its proximity to the coast and regional employment hubs. Prospective buyers may consider this asset for long-term hold strategies or portfolio diversification. The location provides convenient access to local infrastructure and regional thoroughfares connecting residents to the broader Monterey Bay area. Parking provisions include an on-street setup alongside a designated parking area to accommodate residents. The site offers steady utility for those targeting the multi-unit rental segment in this stable California submarket.

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NOI
$80,000
Cap Rate
2.22%
DSCR
0.37
Underwater
Cash-on-Cash
-12.38%
Monthly Payment
$17,810.836
Annual Cash Flow
$-133,730.029

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