Listed by Bailey Properties Inc
$6,999,000
1703 East Cliff Drive
Details
APN 010-292-05-000
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,754
Units 5
Cap Rate 1.98%
NOI $138,275
Occupancy 100%
Price per SqFt $1,472
Year Built 1935
Stories 2
Lot Size (SqFt) 7,057
Zoning RM - MULTIPLE RES-MEDIUM
Parking Spaces 5 spaces
Parking per 1,000 SqFt 1.05
100% OCEAN VIEWS, 4 Upscale Rentals
Marketing description
Spectacular Front Row 4-unit Apartment Building directly overlooking Seabright State Beach aka "Castle Beach." Magnificent vistas across Monterey Bay from sunrise to sunset. Located in lovely Lower Seabright positioned between the Yacht Harbor and the Beach Boardwalk. This is paradise!
Investment highlights
- Video Link: https://1703eastcliff.com/
- Disclosure Link: https://app.disclosures.io/link/1703-East-Cliff-Drive-14-054kf84w
Listing Contacts
Listed by Bailey Properties Inc
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$138,275.00
$11,522.92/mo
Valuation Metrics
0
DSCR
1.98%
Cap Rate
1.98%
ROI
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