Listed by KW Coastal Estates, Monterey Peninsula Home Team, Listing Contact: 8313132289

Large units each with 2 walk-in closets, 2 regular closets and a linen closet. Double the size of other units and earning a very high rent per unit. These 2 bedroom 2 bathroom units are listed at a 4.7 cap with proven upside potential. The remodeled units are renting fast at $2500 plus both before and after Corona. If all units were rented at $2,500 the Gross would increase $50k to $360,000.00 without increasing expenses. This opportunity is three four plexes so that one might finance each unit individually at very low rates. Some units occupied over 10 years. These are very desirable, tenants can walk to the shops and restaurants in the village, or enjoy the open fields adjacent. Apartments are rare in Carmel Valley and demand is high. The income continues to increase so please review the most up to date financial information as it may be even further improved. Please be sure to visit https://bit.ly/3dC72Wv for COVID-19 rules for entering a home and best practices.