Property listed by Keller Williams Coastal Properties, Shira Dunn 424-653-0560
$899,000
An incredible opportunity for developers and investors, this approximate 10,000 sq. ft. lot comes with approved plans to build a 4-unit property designed for maximum rental income potential. The plans include a main house spanning 2,358 sq. ft. with 4 bedrooms, 3 bathrooms, a 2-car garage, and a large backyard… Read More with a swimming pool, projected to generate $6,000/month in rental income. The second dwelling is planned as a 2-bedroom, 2-bathroom unit with a private yard and an estimated rental income of $3,300/month. Additionally, the plans include two 701 sq. ft. ADUs, each featuring 2 bedrooms, 1 bathroom, private access, and separate backyards, with projected rental income of $3,500/month per unit. Designed with high ceilings and modern layouts, this project offers a total estimated income of $16,300/month once completed. With an estimated construction cost of $750,000, the project delivers a projected 12% cash-on-cash return or an even higher cap rate with financing. This is a rare opportunity to build and capitalize on a lucrative investment opportunity. Plans available upon request. Read Less
Listing Snapshot
Days Online
3
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Square Ft.
1,296
Lot Size
0.22 Acres
Year Built
1954
MLS Number
SR25005652
30 Days Snapshot Of 91335
$813k
0%
(avg) sold price
0
-100%
homes sold
68
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1954, Levels: One, Living area: 1296, 1 story, Common walls: NoCommonWalls
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.
Confirm your time
Fill in your details and we will contact you to confirm a time.
