El Granada CA Multi Family for Sale
$1,900,000
122 Madrid Avenue El Granada, CA 94018
- Type:
- Fourplex
- Sq.Ft.:
- 3,746
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.14 Acres
- Year built:
- 1965
- Baths:
- MLS#:
- ML81975713
ADDITIONAL INFORMATION
Just a short jaunt to Surfers Beach and Princeton Harbor on Half Moon Bay! Convenient to multiple (really good!) restaurants, the famous Mavericks Big Surf venue, the Half Moon Bay Yacht Club and Half Moon Bay General Aviation Airport. And oh, BTW, a terrific community in which to raise kids! Low crime rate and good schools. This fully leased residential 4-plex includes four large 1-bedroom, 1-bath units of identical floorplans. Each unit has its own covered parking and storage closet in the shared garage. The upstairs units have private decks, and the rear downstairs unit has a private patio. The large, shared back yard has potential for an ADU. The coin-op washer and dryer provide additional cash income for the property owner. This very well-located property has great owner-occupancy potential rent out 3 of the units and live virtually free in the 4th unit! An apartment building of 4 or fewer units, with the owner occupying one of the units, qualifies for a single-family owner-occupied loan, generally at lower than apartment rates!
El Granada Real Estate
The median home value in El Granada, CA is $1,530,000. This is higher than the county median home value of $1,488,500. The national median home value is $338,100. The average price of homes sold in El Granada, CA is $1,530,000. Approximately 76.09% of El Granada homes are owned, compared to 17.73% rented, while 6.19% are vacant. El Granada real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a El Granada real estate agent to arrange a tour today!
El Granada, California has a population of 5,842. El Granada is less family-centric than the surrounding county with 22% of the households containing married families with children. The county average for households married with children is 35.93%.
The median household income in El Granada, California is $182,174. The median household income for the surrounding county is $136,837 compared to the national median of $69,021. The median age of people living in El Granada is 49.6 years.
El Granada Weather
The average high temperature in July is 72.5 degrees, with an average low temperature in January of 42 degrees. The average rainfall is approximately 23.7 inches per year, with 0 inches of snow per year.