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$1,399,000
Multi-Family
4 Family
257 1st St
Avila Beach
,
CA
93424
This listing is courtesy of Mark Burnes from Burnes Commercial Group.
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SELLER VERY MOTIVATED! 6000 sf of land, 2875 sf of improvement, originally built in 1954, completely renovated in 2001. Four excellent and very well appointed units with a long and very stable history of vacation rental and corporate housing, and of course extraordinary views of the pier, ocean, sand and boats, facing directly into the most amazing sunsets on the coast. Lots of decks space over looking the ocean and a new hot tub below sitting under a large mature avocado tree. (2011 gross income $98k accounts for units A, B & C - owner lives in D. Pro Forma $120k gross - $37k expenses = $83k NOI.
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Interior Details2,875 sq. ft.
$486.61/sq. ft.
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Exterior Details0.14 acre
6,011 sq. ft.
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Other Details184025
1954
2 Story
1-5
Common Room; Landry Eq/Own
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Avila Beach, pronounced AH-vuh-luh or spanish pronunciation as AH-vee-lah, is an unincorporated area in San Luis Obispo County, California, USA and located about 160 miles (257 km) northwest of Los...
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