Beach Line Properties - Beachside Properties. Straight-line Investments.

Exceptional trophy investment of three newly remodeled cottages. Rarely do you find a turn-key investment with large upside potential like this one. Perfect for an owner/user or a 1031 buyer looking for an additional value play with 2/3 leases month-to-month. The big upside is the ability to build 4 additional units on this property(plans pending for 2 units).All three cottages have been remodeled extensively with current rents grossing $10,050 per month. The front cottage(907 SF) has 2 bedrooms and 2 bathrooms with a fenced-in front yard at $3,250 per month(market rent $4,000). The tastefully updated back two cottages(941 SF each) have mirrored floor plans with 2 bedrooms and 1 bathroom. The back two cottages are leased at $3,400 per month(market rent $3,900) with their own single-car garages, no shared walls, and large private back yards. This unique investment boasts a tranquil setting along Sycamore Creek and a community garden in the rear. Surely not one to be missed with close access to the 101 freeway and East Beach.