Property Detail

Description

Sold together with 217 South Broadway only. (APN #s 7505-018-007 & 7505-018-006). Quiet, tree-lined, extra-wide South Broadway. These are rare side-by-side lots with desirable street to alley access for ease of future development (South Broadway to New High Court). Total combined lot sq.ft. of 7,055 (per title). Each lot is zoned RBR-3A. The properties are to be sold AS-IS. There are 5 structures (6 units total) — 3 Craftsman cottages, 1 two-story duplex, plus bonus detached studio/ADU (not factored into the rental income or sf totals). This property has incredible potential to either develop or keep status-quo. A lot of outdoor space- patios and a lovely garden with mature fruit trees and grape vines. Rents are very low, the pro-forma rents will bring a significant increase in monthly income. Dream location: one block to beach, the Strand, the Pier, Farmer’s Market, Veteran’s Park, shopping, walk to the Village. PLEASE DO NOT DISTURB TENANTS OR WALK THE PROPERTY. No pre-inspections; inspections upon accepted offer only.