$1,305,000
171 Shelter Cove DR, EL GRANADA, CA 94019
Excellent value on the coast! Keep as 2 legal rental units, or easily turn back into a single-family home. Rents produce $6,350/mo, $76,200/yr. All rents have been paid in full and on time. Downstairs 1 bed / 1 bath is leased month to month at $2,350. Upstairs 3 bed / 2 bath unit month to month is $4,000. Priced at only $496/sq ft, perfect for investors wanting a 1031 exchange. Upper level approx 1,670 sq ft with large living room & dining room, 2 car garage with W/D, and spacious deck with views of Pillar Point to the West and Santa Cruz Mountains to the East. Lower level ADU/in-law unit is approx 1,000 sq ft - larger than many small homes! Open floor plan kitchen/dining/living room. Separate entrances, laundry, and heating. Large fenced yard is shared. Enhanced sound-resistance was added, providing quiet for both tenants. Easy commute to SF or Peninsula. Come see what the nature-loving 'Coastsider' life has to offer the savvy investor! (Note: virtual staging in photos.)