West Side of Coast Highway/Historic El Camino Real in an OPPORTUNIT ZONE AREA- ( hold for 10 years and sell with no Federal Capital Gains on profit)- 4 blocks to the beach- ocean view from roof decks - design is ready to be submitted for construction drawings approval- One set is for a duplex -2- 3 bd-2/2.5 baths and an ADU and ( market rental when completed $9300 a month $111,600 annual -$25,000 expenses NNN=$86,600 ann/ or sell as condos approx 3500 sq ft x $700 a ft = $2,400,000-$2,500,000 range depending on finishes ( $1,200,000-$1,250,000) both have sep 2 car garages ( easement over back alley access and drainage - to be drafted when buyer approved)
Level lot with simple grade to rear and only utility on back 5 ft of property ( sewer/water)- utilities to property.
New North Beach redevelopment going on with Miramar theater ready 2022 and new 40+ boutique hotel plus restuarant/ coffe pub and wedding venue at Pico/ El Camino Real + plus other commercial/mixed use in planning and other condo projects selling in $85-$900 + a ft within 3-5 blocks of this site.
Great value to enter into prime area in upswing as low end homes in area/next to project- $1,100,000 + 1300 sq ft on 4,000 sq ft lot- and units selling at 3.5% gross and 40 years old and no real views or amenities. ( Click on Map to the right as it will direct you to correct Map Location ( site is pending)