550 1st Street, Avila Beach, CA 93424

$2,430,000
3,306
SqFt
Sold Price
$2,430,000
List Price
$2,500,000
Closing Date
Mar 20, 2020
Status
CLOSED
MLS#
SP20031391
Year Built
2008
Living Sq. Ft
3,306
Days on Market
8
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

Rare opportunity, first time on the market! Located in the heart of downtown Avila Beach sits this thoughtfully designed mixed-use property with two residential units, commercial space and 7 private parking spaces. The perfect investment property! The two residential units are an estimated to be 1,337 sqft (unit B) and 969 sqft (unit C) with two bedrooms and two bathrooms each, open floor plan kitchen, living and dining areas and private balconies. Unit B features peak-a-boo ocean views, private roof top deck and a garden space. Each with bamboo flooring and tile flooring, 10 ft ceilings, A/C, stainless-steel kitchen appliances, and abundant natural light. The downstairs commercial space is currently being used as a wine shop (business not for sale) and boasts an estimated 1,000 sqft with private bathroom, office space and bamboo flooring. Only a quick stroll to the ocean and located across the street from the Lighthouse Suites and the Avila Beach "Pirate's Park," and close to the Bob Jones Trail, public golf course, Avila Bay Club, and much more!

Additional Information

Heat
Forced Air
Cooling
Yes
Cooling Description
Central Air
Water
Public
Number Of Units Total
3
Gross Scheduled Income
$84,000
Water Features
Ocean Side of Freeway

Mortgage Calculator

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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Stephanie Ronca from Wilson & Co. Sotheby's International Realty

Listing sold by Lindsey Harn from Richardson Properties