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8 El Caminito Rd

3,400 SF Specialty Building Offered at £2,384,285 at a 4.20% Net Initial Yield in Carmel Valley, CA 93924

INVESTMENT HIGHLIGHTS

  • Remodeled mixed use building with many options
  • Center of Carmel Valley village
  • 5 units total 6 if you rent the garage

EXECUTIVE SUMMARY

Welcome to a truly exceptional investment opportunity for the discerning individual with high standards for quality and options. This mixed-use commercial and residential compound is tailored to meet your exacting requirements, whether you envision it as a thriving business hub or a personal sanctuary of comfort. Nestled on .4-acre in the heart of Carmel Valley Village, this compound underwent comprehensive renovation in 2019, ensuring that every aspect exudes a premium, modern touch. Currently configured as a spacious 2-bed, 2-bath single-level residence, this property offers soaring ceilings and abundant natural light creating an inviting ambiance that's truly second to none. Adjacent to the residence, a newly constructed oversized 4+ car garage awaits, featuring a well-appointed tool room and office space. Generating immediate income, the property also includes a 1-bed, 1-bath 733 sq ft apartment, along with two leased office spaces offering a consistent stream of cash flow. Whether you seek to maximize returns or create extra space for your personal use, the options here are limitless. The versatility of this property is unmatched, ensuring that it aligns perfectly with your vision.

DATA ROOM Click Here to Access

FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access

ANNUAL ANNUAL PER SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes - -
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income - -

FINANCIAL SUMMARY (PRO FORMA - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual -
Annual Per SF -

PROPERTY FACTS

Price £2,384,285
Price Per SF £701
Sale Type Investment or Owner User
Net Initial Yield 4.20%
Sale Condition 1031 Exchange
Property Type Specialty
Property Subtype
Residential Income
  • General Retail Storefront Retail/Residential
  • Apartment Buildings
  • Office Office Residential
Building Class C
Lot Size 0.42 AC
Building Size 3,400 SF
Number of Floors 2
Year Built/Renovated 1986/2022
Parking Ratio 2.94/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
187-433-039-000
Land Assessment
£438,425 (2024)
Improvements Assessment
£597,751 (2024)
Total Assessment
£1,036,175 (2024)

ZONING

Zoning Code Commercial
Commercial
  • Listing ID: 28923801

  • Date on Market: 05/07/2023

  • Last Updated:

  • Address: 8 El Caminito Rd, Carmel Valley, CA 93924

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