30349 Highway 78, Santa Ysabel, CA 92070

Property Description

Discover a rare gem in historic downtown Santa Ysabel! This stunning 2-unit building is perfect for generational family living or as a lucrative investment. Located within walking distance to Julian Pie Company, Dudley's Bakery, Don's Market, and the Santa Ysabel Nature Center, this property combines modern comfort with historic charm. Each unit features 2 bedrooms and 1 bathroom, with new carpet, fresh paint, and stylish light fixtures. Enjoy year-round comfort with new mini split air units and the convenience of washer-dryer hookups. The lower unit boasts a large deck and private yard, perfect for relaxation. Upgrades include a new septic system, complete repairs, new fencing around the lot, a custom front gate, and RV parking with electrical hookups. All essential appliances, including a stackable washer and dryer in the upstairs unit, are included. The fully gated property offers ample parking and enhanced security. Financially, this property is a sound investment with a purchase price of $640,000, a fair market rent of $4,100/month, a cap rate of 5.4%, and a gross rent multiplier (GRM) of 12.56. Back on the market due to the previous buyer's failure to secure a mortgage, this is a unique opportunity to own a piece of Santa Ysabel. Don’t miss out—contact us today to make this dream property yours!