Description
ASSUMABLE FINANCING of approximately $3,800,000 @ 3.3% per annum for approx. 8.5 years, amortized over 30 years. Exceptional 9-unit apartment building just 3 blocks to the beach. Seven of the nine units have been significantly renovated including adding central air and heat to each, washers, dryers, new appliances, kitchen cabinets, countertops, new bathrooms and contemporary flooring. Extensive recent exterior restoration including landscaping, all new windows, smooth re-stucco, hardware, front doors, handrails, new concrete parking surfaces, plus much more. Unit mix features five 1-bedroom units and four 2 bedrooms, 2 bath units, 2 of the units having a penthouse like feeling with private ocean view decks. There are two long-time tenants paying a miniscule of their market-value. 16 off-street parking spaces.
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13BEDS
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0.18ACRES
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0BATHS
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01/2 BATHS
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7,424SQFT
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$990$/SQFT
School Ratings & Info
Description
ASSUMABLE FINANCING of approximately $3,800,000 @ 3.3% per annum for approx. 8.5 years, amortized over 30 years. Exceptional 9-unit apartment building just 3 blocks to the beach. Seven of the nine units have been significantly renovated including adding central air and heat to each, washers, dryers, new appliances, kitchen cabinets, countertops, new bathrooms and contemporary flooring. Extensive recent exterior restoration including landscaping, all new windows, smooth re-stucco, hardware, front doors, handrails, new concrete parking surfaces, plus much more. Unit mix features five 1-bedroom units and four 2 bedrooms, 2 bath units, 2 of the units having a penthouse like feeling with private ocean view decks. There are two long-time tenants paying a miniscule of their market-value. 16 off-street parking spaces.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-09-21T07:41:09.35. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Zia Group | eXp Realty. Licensed in the State of California, USA.