30349 Highway 78

Santa Ysabel, CA 92070

$640,000

Listed Price
N/A

bed Beds

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shower Baths

N/A sqft

straighten / sqft

1954

calendar_month Built

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!

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Interior Information
Cooling Type Wall/Window Unit(s)

Listing Information

Address 30349 Highway 78
City Santa Ysabel
State CA
Zip 92070
County San Diego
Listing Agent Henry Ota DRE#02232755
Courtesy Of Engel & Volkers
MLS 240010575SD
List Price $640,000
Status Active
Type Residential Income
Structure Size N/A
Lot Size 7,500
Year Built 1954
DOM 11

Exterior Information

Maps

Listing information courtesy of: Henry Ota, Engel & Volkers . *Based on information from the Association of REALTORS/Multiple Listing as of Jul 1st, 2024 at 11:21 AM 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.