Excellent value on the coast! Two legal rental units with leases through fall 2020 producing $6,150/mo, $73,800/yr. Only $496/sq ft, perfect for investors wanting a 1031 exchange. Upper level approx 1,670 sq ft with 3 bedrooms, 2 baths, large living room & dining room, 2 car garage with W/D, and spacious deck with views of Pillar Point to the West and Santa Cruz Mountains to the East. Lower level ADU/in-law unit measures approx 1,000 sq ft, which is larger than many small homes! ADU: 1 bedroom, 1 bathroom, open floor plan kitchen/dining/living room, its own W/D, it's own heat and AC, street parking. Large fenced yard is shared. Enhanced sound-resistance was added to the ceiling, providing quiet for both tenants. Continue as a rental income property, or easily combine the two separate living spaces back into a single-family home. Easy commute to SF or Peninsula. Come see what the nature-loving 'Coastsider' life has to offer the savvy investor! (Note: Some photos show virtual staging.)
Listing courtesy of Stephanie Sills from Compass
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