RARE FOURPLEX FOR SALE - just across scenic Highway 1 from the Pacific Ocean lies an incredible investment opportunity! A mere 3 blocks from Montara State Beach, a wide, mile-long stretch of soft sand and great surf. Nearby Montara Mountain offers gorgeous views of the ocean or bay from numerous hiking and biking trails. Each of the 4 units has approximately 700 sq ft with 2 bedrooms and 1 bathroom, carport parking, storage area and use of onsite laundry room. The upstairs apartment with ocean and mountain views was recently vacated and we purposely kept it off the market to accommodate showings. Unit #1 on the lower level is occupied by the property managers and will also be available during open house tours. Projected rents at full occupancy are $123,000. Preventative maintenance has kept expenses low and the building in good condition. Estimated cap rate is 5%. Easy commute to SF or Peninsula. Come see what the nature-loving Coastsider life has to offer the savvy investor!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
