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    2595 Main Street

    Cambria, CA 93428
    • $2,679,000
    • STATUS: Active
    • ON SITE: 79 days
    • ID#: V1-4038
    $2,679,000
    • 0
      BEDS
    • 1
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Builder/Developer opportunity! Turn this ugly property into a landmark property.Six single-family water meters serving 1) Main 2 story house which is rented, and 2) 5 cottages (boarded and not rented). Additional 7th meter is a commercial meter servicing hair salon, and is believed to have 1.7 commercial EDUs.Main house has been rented to same tenant for over 20 years and he has never missed a payment. Hair Salon has four more years on lease and tenant has pride in her business and has never missed a payment.All this on an acre of land zoned residential multi-family. A great opportunity to redevelop the property with new homes, or repair the cottages and collect rent.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T00:36:16.78. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/114399099
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    2595 Main Street Cambria, CA 93428

    • Price: $2,679,000
    • Status: Active
    • ID#: V1-4038
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1
    Acres
    1930
    Built
    Neighborhood:
    Not Applicable
    County:
    San Luis Obispo
    Area:
    CAMB - Cambria
    Property Description
    Builder/Developer opportunity! Turn this ugly property into a landmark property.Six single-family water meters serving 1) Main 2 story house which is rented, and 2) 5 cottages (boarded and not rented). Additional 7th meter is a commercial meter servicing hair salon, and is believed to have 1.7 commercial EDUs.Main house has been rented to same tenant for over 20 years and he has never missed a payment. Hair Salon has four more years on lease and tenant has pride in her business and has never missed a payment.All this on an acre of land zoned residential multi-family. A great opportunity to redevelop the property with new homes, or repair the cottages and collect rent.
    Exterior Features

    Fencing None Lot Features Sprinklers None Number Of Separate Electric Meters 7 Parking Features None Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Spa Features None Spa YN No View None View YN No

    Interior Features

    Common Walls No Common Walls Cooling None Cooling YN No Heating None Heating YN No

    Property Features

    Additional Parcels YN No Community Features Urban Garage YN No Gross Income 2900 Gross Scheduled Income 2900 Insurance Expense 0 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan1031 Exchange Net Operating Income 2300 New Taxes Expense 2200 Number Of Separate Gas Meters 7 Number Of Separate Water Meters 7 Number Of Units Leased 2 Operating Expense 500 Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All Utilities Trash Expense 0 Utilities Sewer Connected Water Source Public Zoning Rmf

    Listing provided courtesy of Doug Michie of Ventura Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-12T00:36:16.78. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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    The DeBonis Team | Keller Williams Realty
    19040 Van Buren Boulevard #107
    Riverside CA, 92508