Prime Marina Income Property - Steps from the Beach! Rare investment opportunity featuring 5 recently retrofitted units just moments from the sand. This low-rise, 3-story multifamily property offers stunning ocean views from the large rooftop deck of the townhouse units, along with a rare 7-car garage, bonus loft or work space and ample natural light in each unit. The mix includes (2) one-bedroom + loft units, (2) two-bedroom + loft units, and (1) one-bedroom/one-bath unit, 4 of which are luxury exempt, so no rent control. If you are looking for the perfect 1031 exchange, short-term rental income, or a profitable investment you can't miss this opportunity! WILL BE DELIVERED VACANT & HAS 5-6% CAP RATE POTENTIAL ... Ideal for investors seeking coastal upside in a premier Marina location.
5,739 Sq Ft
3,151 Sq Ft Exterior Space
Investment
Built in 1973
MLS/Listing ID 25532907
3 Stories
5 Units
Balcony
In Unit Laundry
Den Fireplace
Living Room Fireplace
Style - Contemporary
2 Staircases
Listing Courtesy of COMPASS, VANESSA VAN OVERMEER - 858-220-1120
Source of Data: THE MLS