
Marina, California 93933
This Multi-Unit Residential Asset is a Strong Value Opportunity, listed at $925,000—positioned well above the $871,995 Fair Market Value by -6%. Featuring a Good Condition Rating with a 2017 refresh and a 2018 studio addition, the property offers significant versatility. The 11,527 sq. ft. lot provides long-term upside through potential ADU development. While the current lease creates a temporary occupancy constraint, the dual-unit configuration is ideal for Buy-and-Hold Investors or Owner-Occupants seeking flexible, income-generating coastal real estate.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3076 Sunset Avenue Subject | $925,000* List Price | 3 | 2 | 1,213 | $719 | - |
A 359 Reindollar Avenue Sold | $877,000 | 4 | 2 | 1,151 | $762 | 0.6 mi |
B 427 Andrew Circle Sold | $775,000 | 3 | 1 | 1,032 | $751 | 1.0 mi |
C 3058 Berney Drive Sold | $805,000 | 3 | 2 | 1,395 | $577 | 0.6 mi |
D 351 Hillcrest Avenue Sold | $760,000 | 3 | 2 | 1,103 | $689 | 0.5 mi |
E 3114 Flower Circle Sold | $739,000 | 3 | 2 | 1,092 | $677 | 0.8 mi |
F 3256 Vista Del Camino Circle Sold | $799,000 | 3 | 1 | 1,040 | $768 | 0.5 mi |
G 3097 Messinger Drive Pending | $859,000 List Price | 3 | 2 | 1,491 | $576 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property underwent a significant refresh in 2017 and a studio addition in 2018, placing the major updates within the 5-15 year range for a 'Good' rating. While the 1953 structure retains some dated elements like acoustic ceiling tiles and older window frames, the bathrooms have been modernized with newer tile and fixtures, and the overall condition is well-maintained and move-in ready.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 11527, living area = 1213.
The property features a main residence plus a permitted 298 sq ft studio unit, providing immediate rental income potential or flexible space for multi-generational living.
Situated on over a quarter-acre, the oversized lot includes a detached two-car garage with future ADU potential and a permitted chicken coop, offering rare outdoor utility for the area.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1213, other record living area = 1511. Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 4.
The main residence is currently leased until March 2027, which restricts immediate occupancy for buyers looking to use the primary home as their personal residence.
The lack of separate meters for the main house and studio complicates utility billing and management between different occupants or tenants.
1,511 total sf. - Refreshed and renovated 1,213 sf 3 bed, 2 bath main home + 298 sf. attached studio unit on over 1/4 acre offering flexible living, rental, guest, multi-generational, or workspace potential. Oversized coastal lot with detached 2 car garage and possible future ADU opportunity above garage, subject to regulatory approval. 3D Home Tour available. Located in Marina, CA near Marina State Beach, Marina Dunes Preserve, Fort Ord National Monument trails, CSUMB, Naval Postgraduate School, Monterey Peninsula College, grocery stores, restaurants, Starbucks, and Highway 1 access. Convenient access to Monterey, Seaside, Pacific Grove, and Carmel destinations. Nearby golf access includes Bayonet & Black Horse, a Troon-managed course, TPC Pasadera, Pebble Beach Resorts, WeatherTech Raceway Laguna Seca, and Monterey Peninsula coastal recreation. Nearby amenities include Gloria Jean Tate Park and Locke Paddon Park. Close proximity to kayaking, sailing, scuba diving, road/trail cycling, hiking, golf, and Monterey Bay beaches. Opportunity for owner-occupant use, multi-generational living, rental income, or long-term investment. Main Home Lease: $2,900/mo. until 3/31/27. Studio: owner-occupied. No separate meters.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 47% |
| Square foot | 1,213 | 1,824 | 13% |
| Lot Size | 11,527 | 5,732 | 94% |
| Price | $925.0K | $949.5K | 48% |
| Price per sq ft | $763 | $537 | 95% |
| Built year | 1953 | 2016 | 3% |
| HOA | $0 | $150 | 39% |
| Days on market | 15 | 158 | 2% |
May 22, 2026
$925,000
Initial Listing
Oct 14, 2016
$460,000
Public Record
May 4, 2001
$285,000
Public Record
Jul 6, 2000
$235,000
Public Record