140 Marina Avenue, Aptos, California 95003, Aptos, - bed, bath
ACTIVE$1,595,000
140 Marina Avenue, Aptos, California 95003
0Bed
0Bath
500Sqft
1,176Lot
Year Built
1959
Close
-
List price
$1.59M
Original List price
$1.65M
Price/Sqft
-
HOA
-
Days on market
-
Sold On
-
MLS number
ML82009437
Home ConditionFair
Features
View-
About this home
Mixed use commercial and residential rental located near the beach in the Rio Del Mar neighborhood of Aptos. Strong rental history for all three units. Live in one while you collect rent from the others. Or maybe keep one as vacation home by the beach for yourself while the other units generate income. 113 Venetian is approximately 718 square foot commercial space. The backside of the build is 140 Marina which is approximately 726 square foot two bedroom residential rental. 140 A Marina is a standalone one bedroom rental which is approximately 426 square feet. Please do not disturb the tenants.
Price History
Date
Event
Price
08/23/25
Price Change
$1,595,000-3.3%
06/03/25
Listing
$1,650,000
Condition Rating
Fair
The property was built in 1959, making it over 60 years old. While the exterior, as seen in the image, appears maintained with what look like updated windows, the overall aesthetic is dated. The listing states a 'strong rental history' for the three units, indicating the property is functional and livable, which rules out 'Poor' or 'Tear-down' conditions. However, without any interior images or descriptions of the kitchen, bathrooms, or other internal systems (HVAC, electrical), it's highly probable that these areas are either original or were last renovated 15-30 years ago. This aligns with the 'Fair' category, suggesting the home is aged but maintained through regular upkeep, with major components functional but likely showing signs of being outdated and requiring minor updates to meet current standards.
Pros & Cons
Pros
Diversified Income Streams: The property offers a unique mixed-use configuration with commercial and residential units, providing multiple revenue sources and enhanced investment stability.
Prime Coastal Location: Located near the beach in the highly desirable Rio Del Mar neighborhood of Aptos, offering strong appeal for tenants and potential for property value appreciation.
Proven Rental History: Boasts a strong rental history for all three units, indicating established demand and reliable income generation for investors.
Flexible Owner-Use Options: Provides significant flexibility for an owner to live in one unit, use one as a vacation home, or rent all units, maximizing personal enjoyment or income potential.
Recent Price Adjustment: The recent price reduction from $1.65M to $1.595M may present a more attractive and competitive buying opportunity for potential investors.
Cons
Property Age & Potential Updates: Built in 1959, the property is older, which may imply the need for significant updates, deferred maintenance, or modernization of systems and aesthetics.
Limited Lot Size: With a lot size of only 1176 sqft for a mixed-use property with three units, outdoor space and future expansion possibilities are significantly limited.
Tenant Occupancy & Transition: Current tenant occupancy, as indicated by the 'do not disturb' instruction, could complicate showings, inspections, and the transition process for a new owner, especially if personal occupancy is desired.