122 Madrid Avenue

El Granada, CA 94018

$2,400,000

List Price

N/A

bed Beds

shower Baths

3,746 sqft

straighten / sqft

1965

calendar_month Built

Property Description

Just a short jaunt to Surfers Beach and Princeton Harbor on Half Moon Bay! Convenient to multiple (really good!) restaurants, the famous Mavericks Big Surf venue, the Half Moon Bay Yacht Club and Half Moon Bay General Aviation Airport. And oh, BTW, a terrific community in which to raise kids! Low crime rate and good schools This fully leased residential 4-plex includes four large 1-bedroom, 1-bath units of identical floorplans. Each unit has its own covered parking and storage closet in the shared garage. The upstairs units have private decks, and the rear downstairs unit has a private patio. The large, shared back yard has potential for an ADU. The coin-op washer and dryer provide additional cash income for the property owner. This very well-located property has great owner-occupancy potential rent out 3 of the units and live free in the 4th unit! An apartment building of 4 or fewer units, with the owner occupying one of the units, qualifies for a single-family owner-occupied loan, generally at lower than apartment rates!

Listing Information

List Price $2,400,000
Status Active
MLS ML81975713
Type Residential Income
Subtype Quadruplex
Year Built 1965
Lot Size 6,250
Structure Size 3,746
DOM 7
Courtesy Of Windward Commercial Real Estate Services
Listing Agent David Worden DRE#00622628

Interior Features

Total Bedroom
Bedrooms N/A
Flooring Information
Material Carpet
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: David Worden, Windward Commercial Real Estate Services . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 6th, 2024 at 8:23 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.