196 San Miguel, Avila Beach, CA 93424

$2,900,000
2,500
SqFt
Sold Price
$2,900,000
List Price
$3,000,000
Closing Date
Aug 04, 2020
Status
CLOSED
MLS#
SP20092288
Year Built
1949
Living Sq. Ft
2,500
Lot Size
11,100
Acres
0.2548
Lot Location
16-20 Units/Acre
Days on Market
12
Property Type
Multifamily
Stories
One Level
Neighborhood
Avila Beach (320)

Property Description

Development Opportunity with cash flow! 4 units in downtown Avila Beach with Panoramic Pacific Ocean views. Over 1/4 Acre of Avila Bay view development potential from this high density multi-family zoned lot. Currently, two structures house a total of 4 unit. The Triplex at 2nd st consists of: Two 2-bed units and a studio all of which have breathtaking views from within the units and view decks. The lower home on San Miguel is a turnkey charming cottage just a short block and a half to the sand. The nearly completed remodeled Triplex has stylish interior finishes including shaker cabinets, quartz counters, and stainless appliances. Each level has view decks and stunning views that are unrivaled by most locations in Avila Beach for a perspective few enjoy. Spend your time gazing out at the ocean at any time of the day and welcome both sunrises and sunsets. Each two bedroom in the triplex has a comfortable floor plan and an open layout. The lower studio is a welcome retreat and resembles something out of a resort spa with the ocean views visible from each window. The lower historical home on San Miguel is a detached 2-bed/1 bath home. Fully remodeled in 2019, the home has the charm of old world Avila Beach and the functionality and amenities of a modern home with Milguard windows, all new shaker style kitchen, Samsung appliances, distressed flooring, custom concrete shower enclosures and hand crafted vanity, fresh paint in and out, tankless water heater, and more.

Additional Information

Lot Description
Fishing, Golf, Hiking, Watersports, Street Lights
Pool Description
None
Fireplace Description
None
Heat
Wall Furnace
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Garage Spaces Total
2
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
4
Gross Scheduled Income
$13,000
Operating Expense
37500

Mortgage Calculator

Amount of Loan
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Calculator source: Real Geeks

Listing courtesy of Danny Sullivan from Sullivan & Associates Real Est

Listing sold by General NONMEMBER from NONMEMBER MRML