Description
Seller is willing to accept offers between $2.2M & $2.3M. Spectacular opportunity for Developer or owner wishing to customize a property into a complex with multiple units. Located approximately 3 blocks from the beach, the current configuration consists of a 3 bd 3 ba home and a Granny Flat that was converted from the garage. The owners have secured a Coastal Development Permit for the existing 2 units that is valid until June 2023. According to our Architect, Mark Lyon, the property may be developed for up to 4 units, pending City and Coastal Comission approval. The property has the potential to be highly upgraded to a larger luxury home plus additional living unit. The current owner has run a successful seasonal rental business. The seasonal rental business has resulted in revenues significantly higher than longer term rentals.Virtual tour: https://ranchophotos.com/mls/643-bonair-st/
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3BEDS
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0.14ACRES
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3BATHS
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01/2 BATHS
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1,820SQFT
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$1,264$/SQFT
School Ratings & Info
Description
Seller is willing to accept offers between $2.2M & $2.3M. Spectacular opportunity for Developer or owner wishing to customize a property into a complex with multiple units. Located approximately 3 blocks from the beach, the current configuration consists of a 3 bd 3 ba home and a Granny Flat that was converted from the garage. The owners have secured a Coastal Development Permit for the existing 2 units that is valid until June 2023. According to our Architect, Mark Lyon, the property may be developed for up to 4 units, pending City and Coastal Comission approval. The property has the potential to be highly upgraded to a larger luxury home plus additional living unit. The current owner has run a successful seasonal rental business. The seasonal rental business has resulted in revenues significantly higher than longer term rentals.Virtual tour: https://ranchophotos.com/mls/643-bonair-st/
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-23T20:26:27.12. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Veronica Encinas Team | First Team Real Estate. Licensed in the State of California, USA.