Description

$459,064 in gross revenue generated in 2022! VERY LUCRATIVE, cash-flowing business opportunity with a 10% CAP RATE!!! Incredibly well maintained, Luxurious, turnkey, and FULLY FURNISHED coastal 2-unit building located just steps away from the boardwalk and ocean in Mission Beach! The adjacent building 721-723 San Fernando is also listed for sale for $3.750M - the numbers advertised are based 721-723's performance. P&L on file. Unit 725 consists of 3BR, 3BA with 1BR/1BA and kitchen/living on first floor, 2BR 2BA on second floor & 2 car Tandem Garage. Unit 727: 3BR, 2.5BA with 2BR/2BA on second floor & 1BR 1BA with kitchen/living on 3rd floor with side-by-side 2 car garage. Ultra Prime location, panoramic white-water views of the ocean, beach & palm trees. Close to restaurants, shopping, bars, entertainment, fit athletic, belmont park, you cannot beat this location.

Features

• 0.05 Acres
• 2 Stories
• Number of Units: 2
• Price Per Unit: 1875000
• Price Per Square Foot: 10