$1,900,000
For Sale

122 Madrid Avenue

El Granada, CA 94018
3746 sqft | 0.14 acres | #ML81975713
Listing OfficeWindward Commercial Real Estate Services
Browse 25 photos
Type:Multi-Family
Structure:4 Family
Zone:Residential

Description

Just a short jaunt to Surfers Beach and Princeton Harbor on Half Moon Bay! Convenient to multiple (really good!) restaurants, the famous Mavericks Big Surf venue, the Half Moon Bay Yacht Club and Half Moon Bay General Aviation Airport. And oh, BTW, a terrific community in which to raise kids! Low crime rate and good schools. This fully leased residential 4-plex includes four large 1-bedroom, 1-bath units of identical floorplans. Each unit has its own covered parking and storage closet in the shared garage. The upstairs units have private decks, and the rear downstairs unit has a private patio. The large, shared back yard has potential for an ADU. The coin-op washer and dryer provide additional cash income for the property owner. This very well-located property has great owner-occupancy potential rent out 3 of the units and live virtually free in the 4th unit! An apartment building of 4 or fewer units, with the owner occupying one of the units, qualifies for a single-family owner-occupied loan, generally at lower than apartment rates!

  • Property Details
      • Utility FeaturesNaturalGasAvailable
      • Property TypeMulti-Family
      • Sewer InformationPublicSewer
      • Original List Price$2,400,000
      • MLS #ML81975713
      • Property SubtypeQuadruplex
      • MLS #ML81975713
      • CountySan Mateo
      • Cost1900000
      • Acres0.1435
      • Taxes Annual$4,468
      • Lot DescriptionLevel
      • School DistrictOther
      • Square Feet3746
      • Year Built1965
      • FoundationSlab
      • Stories2
      • Parking Spaces4

Location

Bob PeckReal Estate Group
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Down Payment

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10.0%

Interest Rate

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6.0%

Tax Rate

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2.6%
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Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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