470 Reservation Rd

$2,150,000
Price
Beds
Baths
5,184 Sq. Ft.
$415 / Sq. Ft.
5,184
Sq. Ft.
$415
per Sq. Ft.

Description

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.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.
  1. Listed by Patrick Stafford • DRE #01857243 • Brokerage DRE #00533485 • Baird Partnership, Inc. • 831-238-3592

Property Details for 470 Reservation Road

MLS City Name
MARINA
Building Type
Other
Garage Spaces
0
Parking Spaces
3
LISTING UPDATED: 11/24/2025 01:06 AM

Property Details for 470 Reservation Road

StatusActive
MLS #ML82018573
Days on Compass127
Taxes$24,080 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family 5+
MLS Type5+ Units / Five or More Units
Year Built1970
Lot Size0.33 AC / 14,212 SF
CountyMonterey County

Location

Listing Courtesy of Baird Partnership, Inc., Patrick Stafford, DRE #01857243
Add your commute

Building Information for 470 Reservation Road

Stories-Residences-Year Built1970Building Size-Lot Size0.33 AC / 14,212 SF

Payment Calculator

$12,631 per month

30 year fixed, 6.28% Interest

Principal and Interest

$10,624

Property Taxes

$2,007

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 470 Reservation Road

Features
Features
  • Fireplace: No
  • Living SqFt: 5184
  • Pool: No
  • Security Features: None
  • Special Features: None
Utilities
  • Cooling: None
  • Heating: Central Forced Air - Gas
  • Meters: Master Water
  • Sewer Septic: Sewer - Public
  • Utilities: Individual Electric Meters, Individual Gas Meters, Public Utilities
  • Water: Public
Carport and Parking
  • Carport Min: 6
Garage
  • Garage and Parking: Carport, Uncovered Parking
Property Details
Homeowners Association
  • HOA Exists: 0
  • HOA Fee: $0
Property Details
  • Min Num Of Units in Complex: 6
  • Area Text: Armstrong Ranch/Marina Station
  • Restrictions: Other
  • Roof: Flat / Low Pitch, Mansard
  • Subclass: Five or More Units
  • Year Built Source: Other
  • Street Number: 470
  • Street Name: Reservation
  • Street Suffix: Road
  • Area ID: 92
Lot / Property Details
Building Information
  • Number of Buildings: 1
  • Structure SqFt: 5184
  • Structure SqFt Source: Other
  • Age: 55
Development Information
  • Zoning Detail: Multi-Family Residential
Location Information
  • Parcel Number: 032-131-047-000
  • County Name: Monterey
  • City Name: MARINA
  • City Postal ID: 32
  • Postal Code: 93933
  • Elementary School District: 438
  • High School District Text: Monterey Peninsula Unified
Lot Information
  • Foundation: Concrete Perimeter and Slab
  • Lot Acres: .33
  • Lot Size Area Maximum Units: Square Feet
  • Lot Size Area Minimum Units: Square Feet
  • Lot Size Source: Assessor
Multi Family Information
Building Information
  • No Of Leased: 6
General Information
  • Annual Tax Amount: $24,080
  • Capitalization Rate: 6.00
  • Tenant Expenses: Other
  • Income Includes: Laundry
  • Vacancy Factor: 3
Income / Expense Details
  • Expense Insurance: $6,400
  • Expense Landscape: $0
  • Expense Maintenance: $5,000
  • Expense Management: $10,700
  • Expense Trash: $2,400
  • Expenses Other: $0
  • Expenses Utility: $3,200
  • Expenses Total: $51,780
  • Operating Expenses Include: Other
  • Gross Rent Multiplier: 11.53
  • Income Annual Gross: $180,827
  • Income Annual Rental: $183,420
  • Income Gross Scheduled: $186,420
  • Income Other: $3,000
Unit 1 Information
  • Unit 1 Full Bathrooms: 1
  • Unit 1 Number of Bedrooms: 2
  • Unit 1 Rent: $2,360
Unit Type 1
  • Unit Type1 Approx SqFt: 864

Property History for 470 Reservation Road

DateEvent & SourcePriceAppreciation
Aug 19, 2025

Listed (Active)

EBRD #ML82018573

$2,150,000
Aug 19, 2025

Listed (Active)

MLSListings #ML82018573

$2,150,000
Oct 1, 2019

Expired

EBRD #ML81745791

Sep 30, 2019

Expired

MLSListings #ML81745791

$1,999,999
Apr 5, 2019

Listed (Active)

EBRD #ML81745791

$2,150,000
Apr 5, 2019

Listed (Active)

MLSListings #ML81745791

$2,150,000
May 9, 2018

Sold (Public Record)

Public Record #621838660

$1,100,000
May 1, 2018

Sold (Public Record)

Public Record #621318960

$800,000
DateEvent & SourcePrice
08/19/2025

Listed (Active)

EBRD #ML82018573

$2,150,000
08/19/2025

Listed (Active)

MLSListings #ML82018573

$2,150,000
10/01/2019

Expired

EBRD #ML81745791

09/30/2019

Expired

MLSListings #ML81745791

$1,999,999
04/05/2019

Listed (Active)

EBRD #ML81745791

$2,150,000
04/05/2019

Listed (Active)

MLSListings #ML81745791

$2,150,000
05/09/2018

Sold (Public Record)

Public Record #621838660

$1,100,000
05/01/2018

Sold (Public Record)

Public Record #621318960

$800,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 470 Reservation Road

Taxable ValueLand$512,020Additions$741,987Total$1,254,007
Tax Record2025$14,703 ($1,225 / month)
Home Facts
Lot Size14,212 SqFtStyleMulti-Family Res (5+ Units)CountyMONTEREYAPN032-131-047-000

Schools near 470 Reservation Road

This home is within Monterey Peninsula Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Public - 7 to 8
Public - 9 to 12
Charter - 7 to 12
Rating
School
Distance
J. C. Crumpton Elementary School
PublicK to 6

Los Arboles Middle School
Public7 to 8

Marina High School
Public9 to 12

Learning For Life Charter School
Charter7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

470 Reservation Road is for sale in Marina, CA 93933. This property was listed for sale on August 19, 2025 by Baird Partnership, Inc., it's currently listed at $2,150,000. It has been on the market for a total of 127 days and was last sold on May 9, 2018. This listing's school district is Monterey Peninsula Unified School District. Nearby schools include J. C. Crumpton Elementary School, Los Arboles Middle School and Marina High School. 470 Reservation Road is a 0-bed, 0-bath, 5,184 sqft built in 1970.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Baird Partnership, Inc., Patrick Stafford, DRE #01857243

Based on information from one of the following Multiple Listing Services: San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by San Francisco Association of Realtors, the MLSListings MLS, the BAREIS MLS, the EBRD MLS, Shasta Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.