4975 Sandyland Road # 302, Carpinteria CA 93013 (Off Market)

For Sale, USD 1,499,000


4975 Sandyland Road # 302, Carpinteria CA 93013,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : N/A

Land Size : N/A

Bedroom : 0

Bathroom : 0

Half Bathroom : 0

MLS#: N/A


Property Description

Breathtaking Ocean Views Just Steps to The Sand! This bright and open 2-bedroom, 1-bath unit offers the best of coastal living, complete with a remodeled bath, recessed lighting, newer appliances, ample storage, and a private balcony with expansive ocean views. Ideal for enjoying morning coffee and sunset relaxation. Currently with an Active Short-Term Rental Permit (no waitlist for new S/T permit in this property zone), this property represents a rare income-generating oceanfront opportunity and an ideal candidate for a 1031 Exchange. With a strong average daily rate (ADR) of $616/night, unit #302 generated $91,751 in gross revenue over the trailing 12 months at a conservative 40.8% occupancy rate due to personal owner use. Casago pro forma puts ave rental at 50%-66% and $120k-$172k/y T.I.C. - Fully financeable, undivided 1/36 interest. Please call Annette Vait with any questions and for more information.
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4975 Sandyland Road # 302, Carpinteria CA 93013, United States,California,Carpinteria is a Carpinteria luxury Multi-Family Home listed for sale USD 1,499,000. This high end Carpinteria Multi-Family Home is comprised of 0 bedrooms and 0 baths. Find more luxury properties in Carpinteria or search for luxury properties for sale in Carpinteria.