New rents taking effect January 1st 2021. This property is 100% collected and 100% occupied for 2020. Built in 1977 and located in 1.8 miles from the Pacific Ocean, 706 Utica Avenue is a truly a unique offering. The property is a Townhouse fourplex (2 detached buildings) Each unit is a 3 Bedroom/2.5 Bathroom Townhouse that is over 1200 sq. feet. There are also 12 total parking spaces (8 Garage and 4 Open Spaces). Each unit has a washer/dryer hookup, direct access 2 car garage, fenced in private patio and fireplace for each unit. The buildings are also individually metered for gas/electric, separate hot water heaters so the utility expenses to the owner are minimal. This is a great offering for a buyer to purchase a quality coastal 4 unit property with a steady history of collected rental income and obtain 30 year fixed financing in the low 3% range.
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.
