122 Madrid AVE, EL GRANADA, CA 94018

MLS# ML81975713
Status: Active

  • $2,300,000

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  • 3746

    Approx. Sq. Ft.
  • 0.1435

    Approx. Lot Size
  • Listing Class: Residential Income (2-4 units)
  • Property Type: Multi Family
  • Year Built: 1965
  • Stories: 2
  • # of Parkings: 4

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    Julie Tsai Law

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    Julie Tsai Law

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    Julie Tsai Law Realty Group partners with you throughout your home search process, providing their expertise and deep knowledge of San Francisco Bay Area’s real estate market to help you find a home you love.

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    Details

    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 virtually 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!

    Features

    General Features

    • Listing ClassResidential Income (2-4 units)
    • FoundationConcrete Slab
    • Age59
    • Lot DescriptionGrade - Level
    • Property TypeMulti Family
    • Parcel047-045-020
    • Year Built1965
    • Horse PropertyNo
    • Construction TypeWood Frame
    • ZoningR30000
    • # of Stories2

    Interior Features

    • FlooringCarpet,Vinyl / Linoleum
    • CommunicationsCable TV
    • Kitchen FeaturesCountertop - Ceramic,Exhaust Fan,Garbage Disposal,Hood Over Range,Oven Range - Electric
    • Accessibility FeaturesParking
    • Security FeaturesSecurity Lights

    Exterior Features

    • Yard/GroundsBack Yard,Fenced

      Utilities & Energy

      • UtilitiesIndividual Electric Meters,Individual Gas Meters,Natural Gas
      • Sewer/SepticSewer - Public
      • CoolingNone
      • WaterWater On Site
      • HeatingGas

      Parking

      • Parking Spaces4
      • Parking FeaturesAttached Garage,Off-Street Parking

      Neighborhood

      Lower El Granada

      Market Conditions

      Explore our neighborhoods – Lower El Granada
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