Description
$459,064 in gross revenue generated in 2022! VERY LUCRATIVE, cash-flowing business opportunity with a 10% CAP RATE!!! Incredibly well maintained, Luxurious, turnkey, and FULLY FURNISHED coastal 2-unit building located just steps away from the boardwalk and ocean in Mission Beach! The adjacent building 721-723 San Fernando is also listed for sale for $3.750M - the numbers advertised are based 721-723's performance. P&L on file. Unit 725 consists of 3BR, 3BA with 1BR/1BA and kitchen/living on first floor, 2BR 2BA on second floor & 2 car Tandem Garage. Unit 727: 3BR, 2.5BA with 2BR/2BA on second floor & 1BR 1BA with kitchen/living on 3rd floor with side-by-side 2 car garage. Ultra Prime location, panoramic white-water views of the ocean, beach & palm trees. Close to restaurants, shopping, bars, entertainment, fit athletic, belmont park, you cannot beat this location.
Location
The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 28th May, 2023 7:54 AM (UTC)
Attribution contact: 858-258-7383
Listing Agent: Monroe Herington
Listing Office: EXp Realty Of California, Inc.
