279
79
0
10

REMARKS:

Marketing Remarks: Reduced. Great NEWS...Appraised for $2,500,000...Appraisal was paid for by potential buyer, not owner! Compare to any LEED Beachfront units! Perfect for Multigenerational Families! 3 Units: Gramps-Mom & Dad-Kids! Price reduced to sell! Was $2,750,000. LEED construction. Assume loan of $1,424,000 at 6.99% with 1 point and qualify, EASY Qualify. If loan is Not assumed, then Prepayment Penalty of $43,500 added to Sales Price (Prepayment Penalty expires July of 2019...then zero). $10,694 PER MONTH INCLUDES PITI & $1,300 PRINCIPAL REDUCTION. Solar ($50,000 PAID for and included), On Demand Hot Water, Ductless Heating, Tankless Water Heater, built to LEED specifications, Passive Solar Design, 18 foot high ceilings, 2 x 6 fully insulated and sound proofed walls, and more! Commercial Zoning. $640 all utilities (EMAIL for Income/Expenses since completed March of 2016). 3 Units:$73,000 per year as Vacation Rental projected/Unit A 1,638 sq ft; $3,450 Leased/Unit B 1,820 sq ft; $2,000 Leased/Unit C 462 sq ft. Furnishings and appliances to be INCLUDED. $500,000 CASH DOWN and seller & assumable financing on balance. Vacation Rentals projection is $170,000 per year! Vacation Rentals Projected CAP Rate is 4.0!!! BEACHFRONT! LOCATION, LOCATION, LOCATION! There are 39.54 million people in California (2017 census), guess how many people OWN Beachfront Property? You could Own a Multigenerational 3 Units! Submit cash offer.

OVERVIEW:

Residential Income
Active
OCNO - Oceano
Oceano(350)
2016
5980
0.14
See Remarks
4
Zoned, Solar, See Remarks
Zoned
Public
Phone Connected, See Remarks
Paved

FEATURES:

Ceiling Fan, Corian Counters, High Ceilings (9 Feet+), Living Room Balcony, Open Floor Plan, Partially Furnished, Recessed Lighting, Stone Counters, Track Lighting
Curbs
Fire Sprinklers
Living Room
None
Dishwasher, Energy Star Appliances, Garbage Disposal, Gas Stove, High Efficiency Water Heater, Microwave, Refrigerator, Tankless Water Heater
Appliances, Construction, Doors, Insulation, Lighting, Roof, Water Heater, Windows
Concrete, Laminate

ROOM INFO:

All Bedrooms Down, Art Studio, Atrium, Family Room, Main Floor Master Bedroom, Master Suite, Office, Two Masters

FINANCIAL:

2500000

Broker Reciprocity Courtesy of John Madrid, Broker

 

Based on information from California Regional Multiple Listing Service, Inc. as of 06/24/2018. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

 

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