Description
Tremendous opportunity to invest in a rarely available multi-unit vacation rental property just a block from the shoreline and beach. This 12 condo unit (CPR) property offers multiple opportunities. Currently there are 10 STVR permits in place with 6 units being utilized as short term rentals and the reminder 4 have long-term tenants. Features and summary:- Sale includes 12 CPR units- 6 studio units upstairs/6 studio units downstairs- 10 STVR permits (maximum) in place- 6 units being utilized as STVRs/4 used as longterm rentals- Split AC in the 6 STVR studio rentals.- The 4 long-term units have not been renovated- 1 unit being utilized as office and laundry- 1 unit utilized as expansion to create double space rental for parties of 4- Property serviced by sewer- Recent survey and report available - 6 active STVR units sold turnkey furnished- Propane tank on site.*One of the partners hold a real estate license in the State of California.*Artwork and Photographs on walls are excluded from sale and available to purchase on a separate bill of sale.
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12BEDS
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0.19ACRES
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12BATHS
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01/2 BATHS
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3,876SQFT
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$671$/SQFT
School Ratings & Info
Description
Tremendous opportunity to invest in a rarely available multi-unit vacation rental property just a block from the shoreline and beach. This 12 condo unit (CPR) property offers multiple opportunities. Currently there are 10 STVR permits in place with 6 units being utilized as short term rentals and the reminder 4 have long-term tenants. Features and summary:- Sale includes 12 CPR units- 6 studio units upstairs/6 studio units downstairs- 10 STVR permits (maximum) in place- 6 units being utilized as STVRs/4 used as longterm rentals- Split AC in the 6 STVR studio rentals.- The 4 long-term units have not been renovated- 1 unit being utilized as office and laundry- 1 unit utilized as expansion to create double space rental for parties of 4- Property serviced by sewer- Recent survey and report available - 6 active STVR units sold turnkey furnished- Propane tank on site.*One of the partners hold a real estate license in the State of California.*Artwork and Photographs on walls are excluded from sale and available to purchase on a separate bill of sale.
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