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Stephanie Sills

1341 Main St

$1,689,000 1341 Main ST, MONTARA, CA 94037
RARE FOURPLEX FOR SALE - just across scenic Highway 1 from the Pacific Ocean lies an incredible investment opportunity! A mere 3 blocks from Montara State Beach, a wide, mile-long stretch of soft sand and great surf. Nearby Montara Mountain offers gorgeous views of the ocean or bay from numerous hiking and biking trails. Each of the 4 units has approximately 700 sq ft with 2 bedrooms and 1 bathroom, carport parking, storage area and use of onsite laundry room. The upstairs apartment with ocean and mountain views was recently vacated and we purposely kept it off the market to accommodate showings. Unit #1 on the lower level is occupied by the property managers and will also be available during open house tours. Projected rents at full occupancy are $123,000. Preventative maintenance has kept expenses low and the building in good condition. Estimated cap rate is 5%. Easy commute to SF or Peninsula. Come see what the nature-loving Coastsider life has to offer the savvy investor!
  • Sold
    Status
  • 1963
    Year Built
  • 2,764 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: Sold
  • Living Space: 2,764 Sq.Ft.
  • Lot Size: 0.115 Acres
  • MLS® ID: ML81764309
  • Type: Multi-Family
  • Year Built: 1963
  • View Description: Individual Electric Meters, Public Utilities

Interior

  • Kitchen: Appliances - Vary by Unit, Countertop - Solid Surface / Corian, Countertop - Tile, Garbage Disposal, Hood Over Range, Oven Range - Electric, Refrigerator
  • Flooring: Carpet, Hardwood, Laminate, Vinyl / Linoleum

Exterior & Building

  • Stories: 2
  • Garage Space: 0
  • Water Source: Public
  • Utilities: Individual Electric Meters, Public Utilities
  • Roof: Bitumen
  • Lot Features: Grade - Sloped Down
  • Parking: Carport
  • Heat Type: No Heating
  • Air Conditioning: None
  • Sewer: Sewer - Public
  • Substructure: Crawl Space
  • Security Features: None

Financial

  • Sales Price: $1,689,000
  • Zoning: C1

1341 Main St

Work With Stephanie

Stephanie is well equipped to understand today’s buyers and sellers by helping them to articulate and achieve their real estate goals.
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