6% Cap Rate. 470 Reservation Road in Marina CA is a six-unit apartment complex that consists of all large two bedroom / one bath units. The ground floor units have fenced yards, there is a laundry room on site, and there are six carport parking spaces. The property has a +/- five year old roof, was painted, and the interiors have been updated (kitchen/bath/flooring/ paint). The property has a very strong rental history. Financials available upon request.
Marina is located in California. Marina, California has a population of 22,246. Marina is less family-centric than the surrounding county with 31.13% of the households containing married families with children. The county average for households married with children is 35.83%.
The median household income in Marina, California is $78,795. The median household income for the surrounding county is $82,013 compared to the national median of $69,021. The median age of people living in Marina is 34.9 years.
The average high temperature in July is 68.1 degrees, with an average low temperature in January of 41.3 degrees. The average rainfall is approximately 16.5 inches per year, with 0 inches of snow per year.
