Multifamily Property for Sale - Mandalay Beach, California ID: 1518467277

Discover this prime beachside multifamily asset at 5151 Neptune Square on the pristine sand of Mandalay Beach. This premier asset offers an Investor/Owner the opportunity to occupy a unit while having the property expenses covered. Investors are also encouraged to explore the potential of venturing into the short-term rental market. The property comprises a single approx. 6,983 SF building on an approx. 8,056 SF lot, with 7 total units including (4) 2BD/1BA, (2) 3BD/2BA and (1) 2BD/2BA units, each offering spacious living with modern amenities and captivating ocean views. The property’s beachy façade & interiors echo the serene atmosphere of the surroundings, making this an attractive retreat for tenants and vacationers alike. Step outside to experience the charm of a spacious beachfront patio, perfect for summer barbecues and sunset gatherings. Positioned perfectly in the Mandalay Beach neighborhood, the property boasts direct beach access, ensuring that tenants enjoy the quintessential California lifestyle without having to walk or drive to it. This asset not only promises immediate cash flow but also presents a rare chance to capitalize on the thriving local tourism and rental markets.