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$ 14,000,000
Est. payment | /mo
10,018 Sqft Lot
$ 14,000,000
Est. payment | /mo
10,018 Sqft Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260023450SD
HOA Y/N No
Lot Size 10,018 Sqft
Property Sub-Type Mixed Use
Property Description
Marbella is a spectacular piece of Oceanside history. Originally, two properties built in different eras were joined together in the 1970's by matching its Spanish-Mission style architecture. Marbella was fully remodeled in 2021, with all new interiors, solar panels, structural upgrades, and fully furnished units. Marbella is an oceanfront property comprised of 21 units in 4 separate buildings, including studios, one-bedrooms, and a large 3-bedroom unit. In addition, there are 14 individual single-car garages with new garage doors. This property remains as stunning as ever with a brand-new roof, stucco, and paint. All units are fully furnished and have been fully remodeled with stunning interior designs. New building ordinances prohibit building above street level; Marbella is still able to enjoy its towering third-floor views. Even its one-of-a-kind deck sits higher than the street, allowing guests to enjoy the ocean views above passersby. There is an opportunity to reduce overall expenses by transitioning to monthly or leased rentals. The investor can transition 100% to monthly rentals or keep some of the units as vacation rentals to enjoy higher revenue through the summer months.
Location
State CA
County San Diego
Area 92054 - Oceanside
Zoning R-4
Interior
Heating Forced Air
Fireplace No
Exterior
Roof Type Tile
Total Parking Spaces 24
Others
Tax ID 1500721200
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Listed by Craig Stewart Acre Investment Real Estate #01060001
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