Description

This LISTING OFFERS not ONE, but TWO amazing INVESTMENT OPPORTUNITIES. (OPTION 1) THE EXISTING PROPERTY includes 3 FIXER-TYPE UNITS in need of updating. UNIT 1: 2BED/2BATH (main house), UNIT 2: 1BED/1BATH, not currently rented, and UNIT 3: STUDIO/BATH. UNITS 1 & 3 are collectively rented to one tenant for well under market at $4,000/mo. Terms for the rented units are month-to-month, 60-day termination. (OPTION 2) DEVELOPMENT OPPORTUNITY - The Details: The property is FULLY ENTITLED for 4-Three Story OCEAN VIEW "Townhouse Style" CONDOMINIUMS, each with 2200+ INTERIOR SQ FT., 4 BEDROOMS and 3.5 BATHROOMS, PRIVATE ENTRANCES, Private YARD Space, FIREPLACE, BALCONIES, ROOFTOP DECK and a 2 CAR GARAGE. The ESTIMATED RESALE value per unit is $1.7-1.9M, based on options and finishes per residential unit. PROJECT DOCUMENTS AVAILABLE upon request. Planning Commission Approval, "ENTITLEMENT" is complete. *****Ideally located between Oceanside Pier and Carlsbad State Beach with easy access to Public Transportation, I-5, highways 76, and 78. Bike or walk to the BEACH, HARBOR, TRENDING DOWNTOWN, SHOPS, RESTAURANTS, & NIGHTLIFE in an area that presents impressive growth and premium ROI.