$3,300,000

Possibly the finest 4 plex that exists in DTHB. First time this multi-family property has ever been listed in the MLS. Rare, separate front bungalow with a rear triplex on a large 54’ x 122.5’ double lot. Excellent layout with lots of open ground area. Bungalow has a front yard & fenced back yard and the 2 BR rear apts have large, fenced patios. A 13’ tall hedge separates the house from the triplex, giving privacy to all and creates a treehouse effect for the upstairs rear apts. Properties like this are rarely available for sale. Same meticulous, live on-site, owner for the last 30 years. Superb location, 3 blocks to beach & Pacific City and 5 blocks to Main Street. Stupendous, designer, $30k, entire new front yard with succulent seascape planting beds that look like the bottom of the sea/coral reef. New concrete driveways and sidewalks in the last 2 years, worth $30k. Hard to find, nice rear alley, one of the best around. All units are beautifully remodeled, over improved and immaculate. Custom cabinetry, granite, upgraded finishes and appliances. All units have good-sized bedrooms, and each unit can fit a king-sized bed, nearly impossible to find in the downtown area. Front 3 BR 1 BA bungalow is charming with coved ceilings, original woodwork and central forced air heat. The rear triplex includes two 2 BR 1 BA apts and 1 studio. The 2BR apts have fireplaces, central forced air heat & A/C, private laundry/storage rooms, single car garage, a separate parking space and even room for guest parking. The studio includes a single car garage. Lots of off-street parking. Current owner has run this property at close to a zero-vacancy factor for the past 30 years, the only vacant days are for unit “get ready” and time needed for remodeling. This is a premiere, A+ property that cannot be duplicated. All adjacent neighbors are nice SF homes that are in the $2.5 to 2.8 range on single lots. Some picture colors are a little off on cabinetry and countertops, looks nicer in person.

Listing Map