Roy & Company
Listed by Roy & Company
Unpriced
Prime Beachside Commercial Asset with Existing Cash Flow
Details
APN 5316-21-00-0071
Property Type Mixed Use, Retail
Sub Type Storefront, Mixed Use
Square Footage 3,066
Units 2
Cap Rate 7.80%
NOI $78,000
Occupancy 100%
Year Built 1952
Acreage 0.090
Ground Lease No
Mix use immediate income live and work
Marketing description
Prime mixed-use opportunity offering immediate income and long-term upside. The ground floor features a 1,866 SF retail space currently leased at $2,500/month, providing stable cash flow. Upstairs, a 1,200 SF residential unit is operating as a high-performing Airbnb, averaging $4,000/month in income.
This asset produces an estimated NOI of $78,000 annually with a 7.6% cap rate, making it an attractive option for investors seeking versatility. Multiple parcels may be included adding an addition 2 retail storefront spaces with turnkey flexability.
Investment highlights
Growing Redevelopment Corridor
Located in an area experiencing ongoing investment, redevelopment, and increasing commercial demand.
Immediate Cash Flow
Income-producing asset featuring a leased 1,866 SF retail space at $2,500/month and an upstairs Airbnb unit averaging approximately $4,000/month.
Strong Investor Returns
Estimated NOI of approximately $78,000 annually with a 7.6% cap rate and long-term upside potential.
Flexible Potential
Permitted uses include retail, restaurants, medical offices, professional offices, entertainment venues, service establishments, banks, galleries, and recreational facilities.
Listing Contacts
Roy & Company
Listed by Roy & Company
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$78,000.00
$6,500.00/mo
Valuation Metrics
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Cap Rate
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