106 Vista Del Mar
Property Overview
Rare eight-unit coastal income property in Riviera Village, half a block from the Esplanade and less than 0.1 mile to the sand. Five of the eight units enjoy ocean views. Four 2BD/1BA and four 1BD/1BA units averaging approximately 828 SF, on an approx. 9,000 SF lot with covered parking and on-site laundry. Unit 4, a two-bedroom, will be delivered vacant: renovate it to your own standard and lease at market, or occupy it yourself. Offered at a 4.12% cap rate and 15.67 GRM on current rents (vacant unit at market), with renovated rents supporting a 5.15% cap and 13.34 GRM. Most windows have been replaced, the electrical has been updated and the SB 721 balcony inspection is complete. No local rent control (AB 1482 only), and all tenancies are month-to-month. Steps to Riviera Village dining and shopping.
Home Details
- Property type
- Residential Income
- Year built
- 1954
- Living area
- 6,628 sq ft
- Lot size
- 8,991 sq ft
- Parking
- 6 spaces
- Stories
- 2
- Days on market
- 0
- MLS status
- Active
- Zoning
- RBRMD
Features & Amenities
Parking
- Carport
Location & Neighborhood
Frequently Asked Questions About 106 Vista Del Mar
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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