142 Front Street, Avila Beach, CA 93424

$2,700,000
5,377
SqFt
Sold Price
$2,700,000
List Price
$2,999,000
Closing Date
Apr 08, 2016
Status
CLOSED
MLS#
SP1061569
Year Built
1979
Living Sq. Ft
5,377
Lot Size
8,999
Acres
0.21
Lot Location
Down Slope from Street, Paved
Days on Market
115
Property Type
Multifamily
Stories
Three Or More Levels
Neighborhood
Avila Beach(320)

Property Description

Marketing Remarks: Location location LOCATION! Come see this rare multilevel oceanfront beach estate with 3 separate units! Great opportunity for someone who wants to live in the main residence and rent out the other two for the extra income. All three units have panoramic views of the ocean, quirky fireplaces, & sun rooms in which you can hear the waves crash and watch the sunsets as you relax. Unit A is a 2500 sq/ft 3 bedroom 2 bath with an gorgeous large front patio that includes a spa and plenty of space to entertain currently rented for $3500/mo. Unit B is 1700 sq/ft 3 bedroom 1.25 bath on two levels currently rented out for $2150/mo. Unit C is a 1400 sq/ft 2 bedroom 2 bath single level currently rented for $2,045. As Is the Property Brings in a in a total $7,695 in monthly rent. Compared with recent sales at close to $1000 per sq/ft in Avila this is by far the best opportunity. Don't miss out on the chance to own the BEST lot in Avila walking distance to downtown, restaurants, shops, and fun!

Additional Information

Lot Description
Curbs, Street Lighting
Heat
Wall Heater
Cooling Description
None
Roof
Flat, Shingle
Total Number of Units
3

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Hal Sweasey from RE/MAX Del Oro

Selling Office: Wilson & Co. Sotheby's Interna.