8 El Caminito Rd - Residential Income FOR SALE


Carmel Valley, CA 93924
$2,999,000 USD
831-372-1922
8 El Caminito Rd, Carmel Valley, CA for Sale
$2,999,000 USD
Residential Income - FOR SALE
1/21
null | Request Cap Rate

8 El Caminito Rd
Carmel Valley, CA 93924


HIGHLIGHTS

  • MIxed Use with Residential, Residential Income, Commercial Office, and a 4 car garage on a 18,000+ sq. ft. flat lot
  • Ryan Ranch / Highway 68 car condo garage spaces are selling for $670-$750 per square foot with no exterior land
  • Live in Carmel Valley Village with its wineries, weather, restaurants, and privacy
  • Commercial & Residential Income ($5043/ month) offsets ownership costs
  • Fully remodel completed in 2019.

OVERVIEW

Carmel Valley Village mixed use with possibilities including a 4-car garage for car lovers. This 1,575 sq. ft. garage & 18,248 sq. ft. lot is highly valuable to contractors, RV owners, or car enthusiasts - Highway 68 car condo's sell for $750 per sq. ft., which equals $1,181,250 in garage value - only 75 feet from your front door. No driving to Ryan Ranch. The commercial spaces front El Caminito Road, creating a private courtyard feel and the possibility to shut yourself off from the world. The property is a short distance (100 yards) to everything the Village has to experience, including wineries, restaurants, grocery stores, and more. This completely remodeled property has residential, commercial, & a home that can be a one or two-bedroom residence. The rear section of the building has been transformed into a 2 bed / 2 bath primary residence with high ceilings, a large open living space, and tall windows providing views from the living room/kitchen & opening into the private courtyard. The property is perfect for a primary or 2nd home. The commercial & residential income offsets ownership costs. Come to the Village & visit this rarely available mixed-use property which offers much more to see & experience.

FOR SALE DETAILS

PRICE

$2,999,000 USD

PRICE/SF

$830 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Storefront Retail/Residential, Apartments, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.42 AC

LAND SF

18,295 SF

ZONING

Commercial

APN/PARCEL ID

187-433-039-000

ASK ABOUT THIS PROPERTY

Hap AlbersAlbers Real EstateMore Info
831-372-1922

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Hap AlbersAlbers Real EstateMore Info
831-372-1922

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.