Price Reduced. Bring all Offers.
2 Parcels. 4417 Mentone is a 2BR Single Family Home & 4419-21 Mentone is Four 2BR/1Bath units. Long term ownership. Although rents are well below market the property has been well maintained over the years. Live in the house or one of the units and rent out the rest. Located in the coastal community of San Diego known as Ocean Beach/Temecula Heights the subject property benefits from high occupancy and demand with young professionals wanting to leave within a short walk to the beach. Preliminary research indicates that 2 ADUs (Accessory Dwelling Units) may be added to the parcel. Because both parcels are less than 5 units you may be able to obtain 2 different residential loans offering up to 80% leverage (with owner occupied financing) and a 30 year fixed rate.
Family member of the Seller occupies one of the units. Willing to sign a new lease at market rents or vacate prior to the close of escrow.