This stable, cash flowing property with below market rents gives a new owner an opportunity to reposition the property. High barriers to entry, Belmont Shore is a supply-constrained, infill trade area, creating high barriers to entry to future development. One of Southern California's most desirable & walkable destinations; dense infill, urban location with 362,000 people within a 5-mile radius provides maximum exposure along 2nd Street at a signalized intersection with affluent demographics. The property in located within walking distance to the Pacific Ocean, Marina and Naples Island with AHHI of $177,000 and average home price of $1.85 million.
|--||New Value: $13,900,000|
|6/24/2019 3:19:00 PM|