Newly rebuilt duplex delivered FULLY leased At $126,000 AGR
5.24% Cap Rate for Self-Managed Investors
Sold: $1,900,000
1415A Seabright Ave
3-PERSON PENINSULA | BUILT-IN DISHWASHERS | GENEROUS BEDROOM SIZES WITH PRIMARY EN-SUITE BATHROOM | FULLY LANDSCAPED AND FENCED FRONT YARD WITH BEAUTIFULLY PRIVATE PITTOSPORUM HEDGING
1415B Seabright Ave
DUAL-FRENCH DOORS | ATTACHED OVERSIZED 1-CAR GARAGE | WET BAR & WINE FRIDGE | GAS FIREPLACE | HUGE REDWOOD DECK AND FULLY LANDSCAPED BACKYARD | REMARKABLY HIGH-END FINISHES
Overview
Fully leased newly built duplex at $5,000/mo and $5,500/mo for the front and back units, respectively. Total Annual Gross Income of $126,000 with a proven 5.00% Cap Rate at List Price for self-managed investors. Residents can stroll to restaurants, shops, and the beach from this stunning duplex featuring two 2BR/2BA single-story homes in one of the sunniest, hippest, and most sought after beach neighborhoods. The timeless design brings together the perfect balance of Coastal and Cape Cod as new solid oak hardwood floors scream beach cottage while the two-tone cabinets, floor to ceiling subway tile, and mixture of chrome and black hardware give it a modern touch. Both units benefit from remarkably high-end finishes, generous bedroom sizes, extra large closets, and a primary en-suite bathroom. The attached oversized 1-car garages hold the gas washer/dryer hookups and an abundance of storage. Fully landscaped side, front, and back yards have newly planted and private pittosporum hedging.
1411 & 1415 can be sold separately or together resulting in a turn-key multifamily investment with a total of four (4) dwelling units consisting of 8BR/8BA and an estimated $264,000 in Annual Gross Rent
