OFFERING PRICE IS $400,000 BELOW LAST SALE. Exceptional 9-unit apartment building with significant upside, just 3 blocks to the beach. Seven of the nine units have been significantly renovated, including central heat/air, in-unit washers/dryers, appliances, kitchen and bathroom remodels, and contemporary flooring. Extensive exterior restoration including landscaping, all new windows, smooth re-stucco, hardware, front doors, handrails, new concrete parking surfaces, new electrical panel and meters, and much more. Unit mix features five 1-bedroom units and four 2 bedrooms, 2 bath units, 2 of the units having a penthouse like feeling with private ocean view decks. There is one long-time tenants paying a miniscule of their market-value. The tenant have NOT been offered cash for key by current ownership. 16 off-street parking spaces. And to “SWEETEN THE POT” a little more, there is an assumable 3.3% fixed loan for about another 7.5 years which rolls into an ARM for the remaining 20 years. Currently professionally managed, but ideal for easy personal management also.