2745 Porter St, Soquel, CA 95073

$599,500
List Price
$599,500

Property Description

Charming 3-tenant office building built in classic Spanish Revival "Hollywood Bungalow" style, plus detached 400 SF building designated for storage and used as a part-time office by the property owners. Excellent street frontage with high pedestrian and vehicle counts, directly across from Soquel Elementary, and walking distance to the various shops and restaurants of Main Street and Soquel Village. The enclosed lands include a 20'x50' easement for parking at rear of property increasing usable areas by an additional 100 SF. Stated income includes existing rents from the 3 tenants in the 952 SF main building @$1250, $580 & $480 per month ($2310/mo = $2.42/SF), plus projected rents for rear building of $600 per month @$1.50/SF if leased as storage. All existing leases are currently month-to-month to provide flexibility for either an Owner/User or Investor. No flood insurance currently paid since property owned free and clear, but most recent lender-required flood insurance was $1,233/yr.

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Courtesy of Main Street Realtors, Datta Khalsa.

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