$ 3,750,000
-
$3,750,000
Price -
0
Bed -
0
Bath -
9,756
SqFt
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About the Listing ML5009331 - ML5077268,ML5084075
Welcome to the Beach Surf View Apartments located at 510 Avenue Alhambra in El Granada; a rare coastal nine (9) unit multifamily investment opportunity in the highly desirable Pillar Point neighborhood of El Granada. -- This well-maintained property offers stunning ocean views from every unit and an exceptional unit mix of three (3) spacious 2-Bedroom/1-Bath Penthouse units (~1,000 sqft) and six (6) classic 2-Bedroom/1-Bath units (~675 sqft). -- Originally constructed in 1973 and situated on a 14,490 sqft lot, the property features approximately 9,756 sqft of improvements with 7,479 sqft of rentable space. Each unit is individually metered with all-electric appliances, and the penthouse units include in-unit washer/dryers. -- Property amenities include nine (9) carports plus two (2) open spaces, on-site laundry for units without in-unit laundry, bike storage, resident storage lockers, and an owners storage room with bathroom and sink. -- SB-721 INSPECTION IS COMPLETED/PASSED, offering added peace of mind for investors. Ideally located just a short 10-minute walk to the beach and coastal promenade, this asset combines strong in-place income (5.13% cap rate & 13.01 GRM) with long-term upside in one of the Peninsulas most supply-constrained coastal communities.
Listing Highlights
Status
Active
Days on Site
13
Property Type
Commercial Sale
MLS ®
ML82046224
Year Built
1973
Total Square Footage
9,756
Lot/Acreage
0.33
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
- Heating: Electric
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 2
- Zoning: C-1/S-3/DR, SM County
- Roof: Bitumen,Tar/Gravel
- Others:
- Sewer:
Financial Details
- Tax Amount: $41,456
- Taxes w/Assessments: N/A
- Tax/Property ID: 047204110
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Questions About..
510 Avenue Alhambra El Granada, CA 94018
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