Investment Opportunity on Prime California Beach Front Home!

[Jim Lally]

Seeking Buyer for 445 Mirada Road, Half Moon Bay, CA. Foreclosure Auction is scheduled for 10/31/2018. Will provide notice of foreclosure, Prelim Title Report, and Parcel Map (Note: Property is on a double lot). Pacific Ocean on one side, Arroyo Creek on the other, Rules for Auction, and 4 and a half year lease with right of first refusal to purchase (on the Addendum).

Property already has a tenant currently under a four year lease. Tenant wishes to remain in the property with intention to purchase same within 24 months.

Will keep Lease in Place--$5,500 per month, Prop Taxes $11,000 per year. Need option to purchase within 24 months, will pay Buyers cost, plus a 12% annual return.

Property is 4K SF with five bedrooms. Situated in ideal beachfront location in San Francisco area.

Property will be auctioned with starting price of 1.5mm, current market value estimated at 2.7mm. This means a substantial return within two years!

All pertinent documents will be forwarded to prospective buyer upon request. Conference call with tenant, a highly experienced real estate attorney, can also be arranged upon request. This is a very time sensitive investment opportunity. Looking for a cash sale.  

Contact me directly at [email protected] or call 860-348-3127 for more information.