Property Detail

Description

Significant Price Reduction. Motivated Sellers. Bring All Offers Exceptional coastal investment with huge owner’s unit just two blocks from Tamarack Surf Beach. This is the perfect beachside multi-generational compound and prime multifamily investment opportunity. Live in one, rent to the other large units. Boasting 2016 construction, four large units plus a junior studio is set on a 7,500 sq ft lot in one of Southern California’s premier coastal communities. The development was thoughtfully crafted from the ground up by the architect/developer owner as both a personal residence for himself and his family and a prized coastal multifamily investment asset. The property features rare ground level, covered parking and enclosed two car garage for the owner’s unit for a total of 9 parking spaces. The four large, main level residences surround an open communal courtyard patio for increased light, coastal breezes, and architectural interest. Unit interiors feature cathedral ceilings, modern design finishes, floor to ceiling windows, hard surface flooring throughout, in-unit washer dryers, premium bathroom finishes, and enclosed outdoor yards for select units, and mini-split HVAC systems. Water submeters are installed and can be utilized to bill back tenants and increase NOI. The 4-bedroom owner’s unit features and owned solar.