Property listed by Marcus & Millichap, Jonathan Weir 424-405-3900
$1,675,000
We are pleased to present a rare coastal investment opportunity located just moments from the cliffs of the Pacific Ocean in a quiet, residential neighborhood. This well-maintained multifamily property consists of five spacious units three 2-bedroom, 1-bath units and two 3-bedroom, 2-bath units with an average unit size of 1,076… Read More square feet. The property has undergone significant upgrades, including soft-story seismic retrofitting, new exterior railings, fresh exterior paint, and a recently renovated interior in one of the 3-bedroom units. Residents enjoy the peaceful surroundings and close proximity to scenic cliffside walking paths, creating a highly desirable living environment. With a projected 36% upside in rental income, this asset presents a compelling opportunity for investors seeking a high-quality, income-generating property with strong long-term potential. Read Less
Listing Snapshot
Days Online
135
Last Updated
Property Type
Other
Beds
12
Square Ft.
5,384
Lot Size
0.14 Acres
Year Built
1964
MLS Number
25544867
30 Days Snapshot Of 90731
$895k
+6%
(avg) sold price
24
+4%
homes sold
76
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Disposal, Refrigerator
Building
Built in 1964, Building area total: 5,384, Levels: Two, Living area: 5384, 2 stories, 1 building
Cooling
None
Heating
WallFurnace
Income
Gross income: $133,440, Net operating income: $85,887
Lot
0.1401 acres, 6,101 square feet, Size: 6,101
Parking
5 totals parking, Garage
Property
Zoning: LAR2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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