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Ana Algarin

ana@anaalgarin.com +1(760) 208-3978

$ 14,000,000

Est. payment | -/mo

19 Beds

21 Baths

7,901 SqFt

Save

$ 14,000,000

Est. payment | -/mo

Save

19 Beds

21 Baths

7,901 SqFt

Key Details

Property Type Multi-Family

Sub Type Com-Res Income

Listing Status Active

Purchase Type For Sale

Square Footage 7,901 sqft

Price per Sqft $1,771

MLS Listing ID 260023450

Bedrooms 19

Full Baths 21

Property Sub-Type Com-Res Income

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

Community Bbq, Ctv Avail

Area Coastal North

Zoning R-4

Direction Google it

Interior

Heating Central Forced Air Gas

Cooling Central Forced Air Elec

Flooring Slab, Wood

Fireplace No

Laundry Owned

Exterior

Parking Features Garages, Spaces

View Y/N No

Roof Type Tile

Total Parking Spaces 24

Building

Dwelling Type Apartment

Story 3

Others

Senior Community No

Tax ID 150-072-12-00

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Listed by Craig Stewart, DRE#01060001 Acre Investment Real Estate

Schools and Properties Nearby

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+1(760) 208-3978

ana@anaalgarin.com

Learn More About LPT Realty

308 S The Strand Oceanside, CA 92054