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Rare opportunity to acquire a 20 unit residential income property near the beach in South County. The offering consists of an older home which encompasses a 3 bedroom, 1 bathroom unit and a 2 bedroom, 1 bathroom unit. There are three other buildings built in 1986 which have six 1 bedroom, 1 bathroom units. Extra income is generated by onsite laundry facilities as well as 13 garage spaces which are all rented separately. The garage units consists of two 2-car garages and eleven 1-car garages. There is a common trash area and 12 parking spots. Each of the apartments has it's own gas and electric meter. The property is under professional management and has had a history of high occupancy. The seller states that the garage roof was replaced in 2013, apartment roofs in 2015 and the house roof in 2017. Fencing was updated in 2018 and rain gutters were repaired in 2016.
Listing agent: Dennis Allan DRE #00961923 dennis@allanrealestate.com, Listing office: Allan Real Estate Investments
MLS data updated 10/20/2026, 12:32:30 PM PT
Source: CRMLS, MLS #: PI24254824
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Compare recorded home prices, same-type ZIP sales and mortgage rates.
Mar 14, 2025
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This home · nearest recorded event
$3,710,000Closed sale · Mar 14, 2025ZIP 93445 · Mar 2025
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
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Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
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