Luxury Live Auction! Bidding to start from $1,300,000!
Upcoming Showings Available - MUST CALL FOR APPOINTMENT CONFIRMATION
Sunday, November 29 1-3pm
We can pick you up from the ferry terminal or anywhere in town with our golf cart to bring you to the property and back once your tour is finished.
With a current cash flow of $130,000 yearly during the Covid environment and potential to easily bring the cash flow to well over $150,000 yearly or more, this property has an AMAZING cap rate and is an excellent investment in one of the most desirable Southern California coastal vacation areas.
One of a kind tri-plex with gorgeous views and a great investment opportunity. The top unit has been completely renovated and offers 3 bedrooms and 2 bathrooms with beautiful views, a gorgeous fireplace, and vaulted ceilings. All new electrical and plumbing complete this remodel.
The second unit is a 2 bedroom, 1 bathroom, bonus room, and a workshop. The third unit is an upgraded 1 bedroom, 1 bathroom featuring vaulted ceilings, a large deck, and amazing ocean views.
Each unit is independent and offers private laundry and individual utilities. GREAT CASH FLOW! Listed by Robert Arthur, Harcourts Prime Properties.