$3,200,000
$3,200,000
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3,263 SqFt
SOLD DATE : 02/16/2022
Key Details
Sold Price $3,200,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,263 sqft
Price per Sqft $980
Subdivision Avila Beach (320)
MLS Listing ID SC22015648
Sold Date 02/16/22
Construction Status Turnkey
HOA Y/N No
Year Built 2009
Lot Size 3,001 Sqft
Acres 0.0689
Property Description
First time on the market! A desirable mixed-use investment opportunity in downtown Avila Beach! Located in the Landing Passage development and only four houses from the beach, sits two completely turnkey and licensed vacation rentals and two leased commercial spaces. The larger residence with 1,303 sf is elegantly designed with Cape Cod-style interiors and ocean views, offering 2 bedrooms, 2 bathrooms, 2 fireplaces, laundry closet, 3 balconies, rooftop access, and 2-car attached garage. Below this residential unit sits a commercial space with wood flooring, private office, dry bar, built-ins, and bathroom with shower. Venture across the landing pathway to find an additional commercial space with French doors, fireplace, and bathroom, and an exterior staircase leading to the second vacation rental property. Inside this vacation rental unit you will find travertine flooring, a living room with fireplace, full kitchen, bathroom with stackable washer and dryer, one bedroom with fireplace, and deck. This 1-bedroom residence has one dedicated parking space and storage closet in the gated and secured Landing Passage parking garage. Both vacation rentals are being sold fully furnished with future bookings in place, while the commercial spaces are also leased out until 12/21/2022. Enjoy this property as a secondary home with income from the other units, or live and work in Avila Beach... The opportunities are endless!
Location
State CA
County San Luis Obispo
Area Avil - Avila Beach
Zoning CR
Rooms
Ensuite Laundry Inside, Stacked
Interior
Interior Features Built-in Features, Balcony, Ceiling Fan(s), Dry Bar, Granite Counters, High Ceilings, Open Floorplan, Pantry
Laundry Location Inside,Stacked
Heating Fireplace(s), See Remarks
Cooling See Remarks, Wall/Window Unit(s)
Flooring Tile, Wood
Fireplaces Type Living Room, Primary Bedroom
Fireplace Yes
Appliance Barbecue, Dishwasher, Disposal, Gas Oven, Gas Range, Microwave, Refrigerator, Tankless Water Heater
Laundry Inside, Stacked
Exterior
Garage Spaces 3.0
Garage Description 3.0
Pool None
Community Features Biking, Curbs, Golf, Hiking, Street Lights, Sidewalks, Water Sports
View Y/N Yes
View Hills, Ocean
Roof Type Composition
Total Parking Spaces 3
Private Pool No
Building
Lot Description Level
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Architectural Style Cape Cod
Level or Stories Two
New Construction No
Construction Status Turnkey
Others
Senior Community No
Tax ID 076216023
Security Features Carbon Monoxide Detector(s),Fire Sprinkler System,Smoke Detector(s)
Energy Description 1376.0
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Financing Cash
Special Listing Condition Standard, Trust
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Bought with Kristilyn DeAngelis • Keller Williams Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "