Marketing Remarks: Reduced. Great NEWS...Appraised for $2,500,000...Appraisal was paid for by potential buyer, not owner! Compare to any LEED Beachfront units! Perfect for Multigenerational Families! 3 Units: Gramps-Mom & Dad-Kids! Price reduced to sell! Was $2,750,000. LEED construction. Assume loan of $1,424,000 at 6.99% with 1 point and qualify, EASY Qualify. If loan is Not assumed, then Prepayment Penalty of $43,500 added to Sales Price (Prepayment Penalty expires July of 2019...then zero). $10,694 PER MONTH INCLUDES PITI & $1,300 PRINCIPAL REDUCTION. Solar ($50,000 PAID for and included), On Demand Hot Water, Ductless Heating, Tankless Water Heater, built to LEED specifications, Passive Solar Design, 18 foot high ceilings, 2 x 6 fully insulated and sound proofed walls, and more! Commercial Zoning. $640 all utilities (EMAIL for Income/Expenses since completed March of 2016). 3 Units:$73,000 per year as Vacation Rental projected/Unit A 1,638 sq ft; $3,450 Leased/Unit B 1,820 sq ft; $2,000 Leased/Unit C 462 sq ft. Furnishings and appliances to be INCLUDED. $500,000 CASH DOWN and seller & assumable financing on balance. Vacation Rentals projection is $170,000 per year! Vacation Rentals Projected CAP Rate is 4.0!!! BEACHFRONT! LOCATION, LOCATION, LOCATION! There are 39.54 million people in California (2017 census), guess how many people OWN Beachfront Property? You could Own a Multigenerational 3 Units! Submit cash offer.

  • MLS# SC17216318
  • Sub-Type Resale
  • Status Active
  • Year 2016
  • Days On Site 272
SQ Feet 3,920
Units 3
Building(s) 1
Listing Provided By:
John Madrid  of  John Madrid Broker
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $2,500,000
401.00%
$499,000 in 93445
this listing 3,920 SqFt
218.70%
1,230 SqFt in 93445
this listing $638 $/SqFt
57.20%
$406 $/SqFt in 93445
this listing 272 on site
5,340.00%
5 on site in 93445

Location

State CA
County San Luis Obispo
City Oceano
Zip Code 93445
Area OCNO - Oceano

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