Ocean View and Walkable Income Property

Details

This income-producing property consists of three independent studio units, totaling three bedrooms and three bathrooms, situated on a 741m² lot in North Santa Teresa – one of the most desirable locations in Santa Teresa. The property offers ocean views from all units and is within a short walk to La Lora beach (Santa Teresa’s best surf break), restaurants, shops, and supermarkets.

There is a newly constructed, two-story building featuring two modern studio apartments, one on each level, measuring approximately 85m² and 75m². Both studios are fully equipped and designed for comfortable short- or long-term stays. Two designated parking spaces are located directly below this building, one per studio. Beneath the parking area is a laundry bodega and below that is the third studio. The third studio is a renovated wooden casita measuring approximately 48m². This studio offers ocean views, a warm, traditional feel and modern conveniences. This third studio has its own dedicated parking space. All three units are private, have ocean views and are walking distance to the beach. The property is located in a quiet residential neighborhood, up a steep road. A 4×4 vehicle is recommended.

This is a versatile multi-unit property in a prime location in North Santa Teresa, offering a combination of ocean views, walkable beach access, and strong rental potential. The studios are currently being rented out as short-term vacation with strong rentability due to its location, views, and walkability. This property is also an attractive opportunity for someone looking to live in one unit while generating income from the remaining two. There is no pool, allowing for lower maintenance and operating costs. Contact us for more information and/or to schedule a private viewing today!