OFFERING SUMMARY
List Price:
$4,100,000
Number of Units:
11
Price/Unit:
$372,727
Price/SF:
$515.72
Cap Rate:
3.20
GRM:
18.37
NOI:
$131,327
Status:
Active
Investment Highlights:
Exceptionally Well Located Seven Blocks From Beach & Three Blocks from Restaurants
Attractive Unit Mix of Eight 2-Bed / 1-Bath & Three 1-Bed / 1-Bath Units
Well Maintained and Upgraded Interiors and Ocean Views from Select Units
Abundant Off-street Parking (12 spaces) & Single Car Garages (11 single-car garages)
Potential Upside for Investors to Convert Garages into ADU's
Laundry Room with Washer Dryer
Massive Rental Upside of 79%
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