18781 N Highway 1
Property Description
With four residential units and a commercial shop, this property offers solid income. Units 1 and 2 form a duplex, with two bedrooms and one bathroom each. Unit 3 is a one-bedroom, one-bathroom cottage, and Unit 4 is a studio. The commercial building includes an office, a storage room, and three workshop spaces. The land is approximately 2.64 acres and stretches back from the road. Highway 1 frontage gives the commercial space strong visibility from both directions. Turnoff access is smooth, with pavement extending nearly the full length of the lot, and a center lane makes it easy for southbound traffic to turn in. The large paved area could park dozens of cars, display inventory such as model units, or host sales events. Residents have beach access across the road and are close to the Boat Yard Shopping Center and town. Possible new uses include self-storage units, boat and RV parking, a display site for tiny homes, container offices, greenhouses, or a building or landscaping supply yard. Housing could also be expanded as an inn or campground. Buyer to verify the permissibility of any desired use with the county. This coastal property comes with excellent income already in place, and room to shape a new vision for the future.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $949,000 |
| No. of Units: | 5 |
| Year Built: | 1952 |
| Opportunity Zone: | No |
| Price per unit: | $189,800 |
| Property Website | Click Here |
| Number of Bedrooms: | 5 |
| Number of Bathrooms: | 4 |
ID: 3yd-BAREISCA-326085897
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
1913 Huntington Lane, Unit 0
Redondo Beach, California
3209 Andrita St
Los Angeles, California
13227 Oxnard St
Van Nuys, CaliforniaBrokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout