254 Rosebud Avenue
Property Description
Appraised at $395,000 this year - an opportunity to buy a cash-flowing fourplex below appraised value and step into instant equity. One block from Ocean Drive, this 4,696 SF fourplex features four 2-bed/1-bath units on a 10,498 SF lot. Two units have long-term tenants at approximately $1,050/month each, while two operate as STR/MTR units at approximately $1,350/month each, for approximately $4,800/month in total rental income. Ideal for FHA or VA owner-occupants looking to house hack: live in one unit while rental income from the other three helps offset the mortgage. Also a strong fit for conventional, DSCR, cash, and 1031 exchange buyers looking for an income-producing property with built-in equity. The property is already operating, with additional upside through rent growth, STR/MTR optimization, light unit improvements, and potential RUBS implementation. Located in the established Del Mar/Bessar Park neighborhood, walking distance to Del Mar College and minutes from downtown and the Spohn Shoreline hospital district. Buy below a recent $395K appraisal, gain immediate equity, and own four income-producing units in a location with year-round rental demand.
Broker Details
TruStar Real Estate 877-400-0340
MLS ID: 0583922 State License Number: 0583922
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $359,000 |
| No. of Units: | 4 |
| Year Built: | 1942 |
| Lot Size: | 4,696.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $89,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-CCARTX-479382
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