Hascall Realty, CA DRE #01241413
Rhonda Hascall, Hascall Realty, CA DRE #01241413Phone: (619) 838-9044
Email: [email protected]
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listing
1 of 40
MultifamilyFor Sale
$4,699,000
1817 1819 Coast Blvd
Del Mar, CA 92014
Listed by Sandi Fletcher DRE#02224982 [email protected] Willis Allen Real Estate
MLS: California Regional MLS (CRMLS)
6Beds
5Baths
2,800Sq Ft
Est. Mortgage
$24,355/mo

This wonderful Beach side rental is just a couple feet from the sand.... Over 10 years of steady Vacation Rental operations. Opportunity to improve and dramatically increase revenue. Near Ocean Front Dining and just a few steps more to Olde Del Mar Village for shopping additional restaurants and so much more. Listed below current appraisal and it wont last. Seller says rental information as follows: Actual annual rents currently $180,000 gross. Proforma rents are currently $275,000 as follows: $11,000 weekly from June 1 to Oct 1; and, $12,000 monthly in the off season Oct 1 to June 1. Therefore after 10% annual vacancy (actual vacancy much less), and $41,250 management, and $6,000 maintenance, the proforma net operating income is $200,250! Summer Rentals keep it occupied full time, so please pre-qualify real buyers before we interrupt peoples vacation.

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Information courtesy of Willis Allen Real Estate is subject to verification and is not guaranteed.
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